Originally Posted by DALMD88FO

For those of you that are so willing to give away profit sharing, maybe a history lesson is in order. We did not receive PS out of the goodness of managements hearts. We received it due to the enormous paycuts and termination of our defined benefit plan. This is from our Delta pilot contract history put out by the union under the LOA 51 title.

Required Delta to reach agreement on terms and conditions if DB plan was terminated and to discuss profit sharing and equity during comprehensive negotiations that would recognize pre-bankruptcy concessions from LOA #46.

We took a 32.5% paycut in letter 46 that was suppose to insulate us from the company coming for more in BK. Anyone remember something called a bankruptcy protection letter? The union kind of omits that little nugget in the description of LOA 46 since the company turned around and originally wanted another 19% paycut but settled for a 14% paycut while we were in bankruptcy.

Long story short we paid for this PS. It wasn't given to us. It was earned. So why don't we just pretend like it doesn't exist and negotiate our payrates according to the profits that Delta is currently making.

IF, after the fact, the company wants to talk about turning PS into additional pay raises separate to section 6 then it will cost them a premium not a 1:1 like we did in C2012. I'm tired of taking money out of one of my pockets and putting it into the other and calling it a raise.