Originally Posted by
TheManager
Please try again.
To refresh your recollection, you claimed that management did not state to the financial press and analysts that it was a cost neutral contract in 2012, but rather a contract that's costs were essentially out weighed by revenue.
Here's the actual quote from Bastian in response to a question from Kevin Crissey of UBS:
Edward Bastian - President: I'd say the other thing Kevin there that we did not necessarily forecast or see coming is clearly the opportunity we had with our pilots to do the contract early. It's going to pay significant dividends over time, as it will have a big cost return to it, not just in terms of improved productivity, but the ability to fairly substantially restructure the domestic fleet, but those costs came in right away, so that's in our September guidance as well.
It sounds like Ed is saying our contract was not only cost neutral but would actually "pay significant dividends".
Here's the full transcript. The quote is on page 6 of the Q&A:
Delta Air Lines Inc DAL Q2 2012 Earnings Call Transcript