Not only are RA, Ed and the rest of the boys at the top NOT going to grant ANY concessions to themselves, they are also increasing the dividend by 50%! Remember, THEY own hundreds of thousands of shares of Delta Stock, so in effect, they just gave themselves a 50% raise!
But we can't even hope for 2004 pay rates, that would just be 'unreasonable', right?
And while were on that subject, just exactly WHERE did the Billions Delta is making now, come from?
In LOA's 46 and 51 combined, the Delta (south) pilots gave the company roughly $1.3 Billion per year in concessions, many of which are still in effect today (pay rate cuts and PBS manning efficiencies to name just two)
And the Delta Pilot DB plan was underfunded by a little over $4Billlion when the company flushed it.
So add those two events (pay cuts and DB funding) for the past 11 years and what do you get?
HUGE Profits!
So what are they going to do with all of OUR money?
Pat yourselves on the back boys, that's YOUR money they took 11 years ago, and continue to take every two weeks. Now they are going to use it to buy back $6 Billion in stock and pay themselves a 50% increase in dividends!