Originally Posted by
shiznit
They are the biggest numbers, but still HALF of the margins that DAL was earning when C2K was negotiated.
If DAL Inc. starts hitting $3.6 billion a year in profits without increasing the size of the company, the PS pool would be roughly $470 mill, and the pilot share would then be $178.6m, or about $14,880 per pilot (averaged).
If DAL continues to be ahead of the game and making smart moves, I can see that level of profit right about the time we are in C2015 negotiations, and when companies are making big money they sign better contracts with their pilots.......
I don't have the annual reports in front of me, but I believe the most money Delta ever made, was in about 2000-2001, about $1.2 Billlion, for the year.
We just made 1.04Billion in a QUARTER, adjusted to $764 Million, but still, that's for a Quarter.
Now, I know Delta, due to the merger is bigger now, but in 2001, the day before 9-11, we had over 10,400 pillots on just the south list, which is only about 1,200 fewer than we have today, after merging with the 5,000+ NW pilots.
So, if you say Delta had a larger margin, in 2001, I'm sure they did, they also had less debt.
BUT...the fact is, Delta is making a bunch of money today, and we settled quickly for 4,8,3,3. What makes you think we will get more than that in 2015, regardless of Delta's income?