I know we don't know for sure as everything is a rumor until the TA is released (i.e. the pay scales and the lump-sum mentioned).
However, IF those are true, where is the competitive compensation?
First, pay scale not even DL's current at DOS? So the company gets to sit on money longer and not have to contribute that amount to my B-plan until much later.
Second, I haven't heard a rumor of equity in the combined company. The DL pilots got equity with their merger. AA pilots in Chapter 11 are/were to get equity in the company. Where is ours?
Those are two things right there that are not on par with the competition, again IF THE RUMORS ARE TRUE.
Now, maybe, just maybe.......(sorry I fell out of my chair laughing at myself a second)...there will be another $450 million charge in the 4th Q 2012 or 1st Q 2013 for a second distribution related to the actual total lump sum payout. I know. Stop laughing at me!!! One can always hope there are more to the rumors, right? OK, anyone have a bridge they want to sell me?