Originally Posted by
BenderRodriguez
The formula are in the contract AFAIK. Can you jot down some numbers for us to show us where you came up with this? Not saying you are wrong, but I'd like to see how you came up with 41%.
The issue I would see is how much ruckus the institutional investors would raise if the pilots were getting 40% of the profits of the company. Frankly I don't see that as sustainable. So here we go. The just say no crowd is gonna say that we just hold out unil we get better payrates. OK, fine. Let's do that. Meanwhile our PS is based on current rates. Somewhere the line of pay increase of X% will cross with profit sharing and that is when we can reasonably expect the company to cave. So in essence, we would be funding our pay increases with the profit sharing by doing nothing. Before ya'll get your panties twisted, I am not advocating monetizing it outside of section 6 or that we need to "rush" to a deal. I am simply saying that if we do nothing, we have in effect monetized it. So how do you reconcile it? At what point is making a deal important?
Wall Street is getting billions from Delta in buybacks and dividends. They can leave our profit sharing alone.
Even if we hit a home run for C2015 we will get half of what we deserve.
Management needs the deal. They can't do the training they need to do.
The schoolhouse is full and we are training off campus. They were warned many, many times. Now I'm sure it's our fault and we need to gut our contract to save them.
You better believe productivity concessions are coming. I hope they are time limited and not permanent like C2012.