Originally Posted by
Carl Spackler
Pay rates are far more at risk than PS. DALPA/management are all in on profits for the shareholders. DALPA would sign away pay rates in two seconds to help preserve profits.
Carl
Huh?
PS is a math exercise on operational profit. Pay rates are negotiated and require renegotiation to change; up or down.
Look at the balance sheet from 2001-2005 versus today. How long do you think DAL could be bleeding cash given how leveraged the company was then versus today?