Originally Posted by
EdGrimley
So Delta keeps buying ownership in other carriers where they get up to 50% of the profits. Some of these airlines can operate widebodies cheaper than Delta. Is this not another alter ego flying problem? Delta cuts international capacity and parks widebodies. Organic international growth hasn't been seen for some time at Delta while other airlines are getting 777-300's that are "too big to work on our network" according to RA.
Shouldn't ALPA be asking that we all write letters to our government officials and send with the letters to block the middle eastern carries because it's taking american jobs?
To add insult to injury, the money Delta spends on these subletted flying operations is money that would have gone into Delta pilots profit sharing checks.
Delta Air Lines, Inc. Partners With Aeromexico To Expand Flight Operations
Ed,
I fully agree with all of the above but the last statement. I believe the purchase of a % of another airline is a balance sheet transaction, not a P&L transaction. It would be similar to taking money out of your savings account to purchase a new car; it wouldn't effect your current pay but instead the assets under your name.
Somebody with more accounting experience please correct me if I'm wrong.