Originally Posted by
Bucking Bar
It is all about the Company shifting the expense for NYC hotels to junior pilots and realigning hubs to increase per seat revenues from Memphis by constraining capacity and forcing it through larger hubs. Delta is keeping the Memphis flight attendant base.
IMHO a "we will buy your house" type relocation package like any other business has would solve arbitrary base realignments. My very good friend got $15,000 to move his kids' "free" cat to China (animal has to go through quarantine), his move package total had to be near $150,000 by the time you figure their purchase, fixing and re-marketing his home.
Anyone seen Anderson's relocation package? We need to slide that across the table during the opener.
He did not initially sell his house in MN, just bought one down here and then sold his a year or so later. (As I recall)
I agree with what you are saying. My wife was going to have her job moved to Houston, and the relocation package was eye watering. They bought the house from us at loan value, appraised value, or market value, which was ever more, paid for the move, commission, corporate housing while we built a new house, and all of the commissions with the new house. Paid for school for the kids for whatever portion of our tuition we could not get back, and were willing to provide me with paid tickets to work for two years. We were all over it, but they decided not to move her department.
Just to note, this is a small company, not a fortune 500 one. Privately held in the US, and makes below 20 million a year in profit.