Originally Posted by
Herkflyr
Not lame at all. Our company is even more wildly profitable than 2-3 years ago, and I won't vote for a pay increase that might have been palatable in 2012 but won't be in 2015/16.
Your point is a good one. Voting no will not put DAL out of business tomorrow, but voting yes doesn't mean that we are forever fools and locked into poverty for life. One quote I once heard and liked was "this week's 'crisis' is next week's barely remembered footnote." I remember riding the crew van once with a guy who was absolutely convinced that our recently ratified C2K was the worst agreement imaginable, and he was going to quit ALPA because of it. I believe he is now a 777 captain (no, not you Timbo).
You better believe it.
You're right, it wasn't me, but C2K did have a lot of concessions in it. I nearly voted NO too. It only passed by about the same margin as C12K, right? 68/32 ish?
And if your boy was a domestic 757 Capt. back then, as I was, he's making LESS today as a 777 Capt, than he was as a 757 Capt. in 2004!
Oh, but at least he lost over $1.5 Million in his DB plan too...so there's that. No amount of Profit Sharing and DC plan is going to replace our lost DB plan money, unless you have 20 years to go. Even if you're getting $45K/yr. today into your DC plan, if you are 55 today, you'll only have about $450,000 to retire on in 10 years when you turn 65, unless you know some REALLY good investment guys, like say... Bernie Madoff.
And if the market tanks again, like it did in 2008, you'll have a whole lot less than $450K to live on the rest of your life.
"You want fries with that?"
See the future Danny.
