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Old 07-24-2014 | 11:15 AM
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From: Light Chop
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From today:

Jamie Baker - JPMorgan
Excellent, I appreciate that. And for Richard and forgive me, this is a bit of replay from last quarter. If you consider the next pilot contract, it still isn’t clear to me what management’s ask is going to be unlike last time, you don't need additional scope relief, I don't think. You don't need a 717 rate and so forth. So my concern is that Delta may have the upper hand this time around at the negotiation table which could put pressure on the longer term ex-fuel CASM targets that you were speaking about earlier, any thoughts on this?

Richard Anderson
We have an incredible track record working with our colleagues at ALPA. And if you just look at the track record over the last 10 years, it’s been just phenomenal. And we expect it to continue to be that way. So if you look at what we’ve been doing in the business we’ve really taken the labor risk totally off the table at Delta. And our employees are fully engaged in they are delivering a great product. And that's one of the key de-risking events that we've undertaken at Delta that’s unique to the company. And we’re not -- it’s one of the most valuable things we have and that relationship is very important to us. And we will continue unabated on the track that we’ve been on for a decade.

Jamie Baker - JPMorgan
As a follow-up to that and the hypothetically, if your primary competitors were able to reach the same level of operational integrity along the lines of what you were discussing earlier but without as [generous] profit sharing mechanism, would you ever revisit that structure?

Richard Anderson
We’re not going to get into, Jamie, the details of how those conversations go. Those are internal conversations. I would only note that the last time around with our pilots, Ed, what we…

Ed Bastian
We did restructure the profit sharing arrangement two years ago. And I think as we look forward to that, we’ve got a number of things that we can work with to help fund some of the heightened expectations but we’re not, as Richard said, we’re not going to share those details on the call.

Jamie Baker - JPMorgan
Got it. I appreciate it. Thank you very much for both answers. Gentlemen, I appreciate it. Take care.