Originally Posted by
scambo1
Every employee got the same percentage equity based upon pay.
Prior to the merger DAL FOs were at 13% - after the merger this went down.
I left out the working agreement part because obviously, non-contract employees don't have one.
ALPA does some good things. You are trying to paint them as doing things that weren't also done for non-contract employees.
I believe your memory is incorrect. "Equity" in the new company (via stock) was NOT the same percentage. Pilot's had their own cut of the total equity. That equity was then split between North and South based on pilot totals. The South side was then split even further. Everyone got half, the remaining half was then prorated on years of service.
Prior to the merger all South pilots were 2% DPSP and 9% DC plan. Incorrect again.