The comments section under this Barron's article are surprisingly unified. Have the investors not shown up yet?
Delta Air Lines: ?When Two Sides Want Something?? - Stocks to Watch - Barrons.com
Melba Toast wrote:
Paying for your own raises via reduced profit sharing? Wow, quite the deal.
jerry wrote:
Toast I think your burnt. The increase in pilot pay is huge. Delta has paid its people better than all airlines with rare short exceptions. The amount they will save from reducing the profit sharing only if there earnings a very will help them with a small amount of the costs. Even with that in the contract there profit sharing plan is the best in the World. They are creating many new pilot positions as they did with there last pilot contract.
coffeecake wrote:
The approval of this by the pilots is far from assured. In fact, it is more likely to be rejected.
anonymous wrote:
This is a concessionary contract and will be rejected.
Disappointed wrote:
This contract is unacceptable. The concept that the pay increases need to be cost neutral especially after the concessions made to retirement in previous contracts.
Michael wrote:
A clear failure on the unions part to achieve a contract worthy of passing. Pay raises offset by profit sharing was not what the pilots wanted. This will probably fail at the membership level.
Descension in the pilot ranks and a potential competing new in house union could make for some unstable times.
Kenergy wrote:
This Tentative Agreement is only the illusion of a pay raise.
Anonymous wrote:
@Jerry....what are you talking about! Think, then type in plain language.
btw, the pilot positions are being created by massive retirements, Delta is loosing wide body aircraft faster than they are acquiring them and don't forget seat progression into larger aircraft is all part of a profession that has a MANDATORY retirement age of 65. You can turn a wrench or work customer service till you die....
tom johnson wrote:
Where are all the anti union types claiming the pilots union is bankrupting another company and that compromise between owners and employees is impossible?
Ron Allen wrote:
@Jerry....what are you talking about! Think, then type in plain language.
btw, the pilot positions are being created by massive retirements, Delta is loosing wide body aircraft faster than they are acquiring them and don't forget seat progression into larger aircraft is all part of a profession that has a MANDATORY retirement age of 65. You can turn a wrench or work customer service till you die....
Big Dog wrote:
This will never pass the union vote. Pilot wages are still lower than 10 years ago AND the company eliminated pilot pensions. Only group to lose pension.