Originally Posted by
LeineLodge
1. It was clearly not a concessionary contract. You lose credibility when you say that. Argue with facts and you'll get further
2. Yes, the 12.5% does overcome the profit sharing. The profit sharing was monetized and accounts for about 2% of the entire 19.7ish % increase in compensation (notice I didn't say raise as some will quickly point out its a pay restoration for those that were here for the cuts, of which I am not one). This year is going to be close to "worst case" if you want to call it that, in that the company is going to be near $2B in profits. At 2.5B the company gains the max advantage of the monetization of profit sharing. The flip side, which will surely come someday is that even if delta doesn't make a penny, we still keep the part we monetized.
As an aside, there was talk of not having the 4 hour carve out for ADG. This likely would have resulted in the 73N categories closing in LAX, as the trips would have been credit heavy and Carmen would have seen fit to build the rotations from other bases. Better to have the carve out and maintain the LAX basing for our pilots? Or "show some spine" and end up with a bunch of displaced/commuting pilots?
The contract wasn't concessionary overall, but a lot of concessions were made- way more than should have been. I consider it a poor and rushed final product after years of concessions and lost retirements. ADG is low enough as it is (should be 5:15 with no carve out), I seriously doubt they would have dumped LAX if it weren't for the carve out. That stuff was just saying yes to get a quick deal.
Oh well... been over this, we'll get em next time, right?