Originally Posted by slowplay

Thanks for sharing. I just have to remember your point of view is a little off from the mainstream:



Despite what you post above, scope is significantly tightened in this agreement. From JV to Alaska to DCI, there are more restrictions placed on how DL can use its code without Delta pilots at the controls, and this TA accelerates the transition of flying to the mainline.

The profit sharing conversion removes some risk from the table. In May of 2001 we were arguing over C2K (which some on this board voted against and now they're clamoring for restoration to, go figure). Less than 6 months later the first 400 of 1310 furloughs happened. 1060 of our pilots did not see one dime of benefit from that contract. If pre-tax income in 2013 is identical to last year pilots will see a $28 million reduction in profit sharing. Instead they'll receive about $260 million more in pay. If Iran attacks Israel, if Europe melts down, or if there's something that takes our profitability down pilots have pocketed an additional $40+ million in pay. If we are wildly profitable we still get 20% of the PTIX above $2.5 billion.

I think I'm going to modify my signature line for awhile..thanks for this, Scambo.