Originally Posted by
Scoop
Clamp,
No. But Sailing does have a very valid point here. If 300 Pilots age 63 and 64 years were to have taken the early out then all Pilots junior to them would see a temporary advance in Seniority. Temporary in the sense that the seniority bump would evaporate over the two years when anyone over age 63 would have hit the mandatory retirement age regardless.
But you forgot about the time value of money! That temporary seniority bump pays off right away, and you need to calculate what the lost increase in your pay rate might have provided had those folks really taken the early out.
Now, I say the above in jest (well, not really). The way the convoluted rationale that some of the cheerleaders are so desperate to push trips over itself is really kinda funny (well, not really).
As for the oil thing...remember, a LOT of Wall Street only looks at things from one end...their money train. Commodities to them, whether it's gold, home heating oil, cotton or frozen concentrated orange juice, are just entries in a ledger somewhere. Sometimes I wonder if they really understand that some people who "order fuel" actually expect to take delivery of it at some point, because they, um, burn it and stuff.
Nu