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Old 06-04-2015 | 07:24 AM
  #5461  
NERD
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Announced at the investor conference RA "we have an agreement with our partners at Dalpa. The agreement is cash positive for the company. With a combination of a reduction in profit sharing, more productivity(made possible by all pilots flying 90 hrs per month due to no pilots ever calling in sick because the harassment we provide is not worth it, no pilots double dipping by flying with LCAs and longer training freezes) we were able to give them a 4/8/3/3 contractual pay raises. I would like to especially thank our(excuse me, Dalpas) subject matter experts that put together the wonderful spreadsheets that showed the obstinate reps the perilous position that Delta would find itself in if the pilot contract was a win for the pilots. Going forward this contract will allow Delta to give more back to our owners(mutual funds, hedge funds and of course me and my team), gamble more on fuel hedging, and invest in foreign airlines so we can provide the Delta holding company with less expensive international lift"





Originally Posted by brakechatter
Agreed. Two things are very telling: JV settlement without details, which had always been stated would be settled outside section 6, lack of a simple communication stating the meeting is over with the entire meeting being conducted in closed session. Perhaps even today.
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