Originally Posted by
tsquare
Not really, but it is not bad enough to scuttle this deal. I have been reading the language.. not just listening to talking points and forum BS.. and I like what I have read. The BEST part of this is that it is a 3 year deal. It will sync us up with where management is going wrt paydown of debt and other high finance type stuff. When we are below $10 billion.. that is HUGE for DAL.. $900 million in interest payment savings. Capital markets open.. stuff will happen. Some will happen prior..(more good stuff will happen if this is ratified) but more will happen after that paydown happens. And that is when we would be up for another bite of the apple. I REALLY like our chances then. Cue the "we'll get 'em next time" guys... 3...2...1...
SWAPA has gotten to where they are by slow and steady, and many think they are gods now. Yet we want to go for the whole castle with one attack. Defies logic IMHO, but whatever. No matter how you spin it, these are industry leading pay rates, and that ain't too shabby. We'll be on the next contract before UAL or USAir have their first one...
Glad to see it is all rainbows and Skittle skies in your world T.
Just three more years and then we will have some leverage and make some real gains then, right?
We actually have leverage now. It is being squandered. And that 1% DC two years from now? Really? You feel you are worth that?
Check out what our next most likely merger partner books today in their DC.
Hint. It's a lot more.