Originally Posted by
finis72
Not my take, he's very bullish on Delta and the future and proud of his company. However!!!!! He constantly makes reference to AA/APA negotiations and says if they would have agreed to 4%/year when they started negotiations they would have already had 30%. There was also a lot of other info put out I am loathe to put on a public forum.
As someone who also does work with the Federal Reserve Board of Governors, he's very aware that 4% per year is a good bit less than break even. The profession gets hammered after 9-11 and then the best we can hope for is less than full COLA and therefore get cheaper every year? Not buying it.