Originally Posted by
slowplay
Really?
Merged Delta was the only legacy airline not to furlough during the last downturn. In fact, Delta hired 305 since the merger. Two early out programs took a fair number of guys off the top, but even with the retirement of two uneconomic fleets there were no furloughs.
That reality conflicts with the perception posted above.
Slow,
The point remains that a merger would be bad for at least half the pilots on the Delta list.
It would be better to grow organically, as Delta was trying to do under Jim White before the BOD's futile pump and dump (day I was hired DAL was >$21.00 a share, on day after merger announcement DAL <$8.00) Bottom line, if this Company can not grow, then it can't make much out of a merger either. Organic growth is cheaper over the long term.
Am I grateful to have a job? You bet I am. But, it does not change the dynamic a merger would have on our pilots.
What did Air France / KLM get for their three quarters of a Billion dollars? ($750,000,000.00) A feeder?