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Old 02-29-2012 | 01:46 PM
  #90779  
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tsquare
No longer cares
 
Joined: Mar 2008
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From: 767er Captain
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Originally Posted by Bill Lumberg
So, you don't think we should get large raises and better work rules?
Typical response... Where did he ever say that? I don't think anybody looks at our contract and says that everything is fine. That is extremely lame on your part to even insinuate such a stance. Some might look at the industry as a whole and make realistic judgements about where we are and where we can get based on that analysis. You would then be ever so happy to sit in your corner and lob a "you're management" or "you're trying to manage expectations" grenade. Fact is that there are differing opinions, and just because someone's happens to differ with yours doesn't make them wrong. Do YOU really think that we could obtain a 50% pay increase while everybody else is wallowing in BK contracts... and the once largest carrier is about to be handed one? If your answer to this is a resounding yes, then please tell me how it is that DAL is able to operate in such a vacuum and still have a stock price that is below $10, and a P/E that is one of the lowest in the industry? Why isn't Wall Street, which has a better eye when it comes to valuing a company than you or I, driving DAL's P/E thru the roof. If it were equal to SWA (for example) it would be somewhere around $30/share.. Why isn't it? DO you think that DAL's debt burden might have just a little to do with that? Yes.. it is not our problem to pay that down, and I am not making excuses for it, but DAL is still a ways from being out of the BK doldrums. Frankly I wish we could extend our contract for a year or two. I would take that rumor of an extension for a 20% raise in a heartbeat because once the debt is down, I am convinced that DAL is gonna kick some serious a$$... but that is just me. Our timing on this contract is not very good IMHO. Once again, we have to lead the way for the industry, and we have the AMR anchor around our necks.

Flame on soldier.