Originally Posted by
scambo1
FTB,
This is the first time you have ever missed the big picture. All delta employees' profit sharing will be changed if we vote this in. This entire TA thing actually saves the company $100M. (I don't know why ALPA crack money guys didn't tell us that). Hey look the delta employees (aka profit centers) are buying their company more planes. (Which will be flown by the lowest bidder in delta colors cause the MEC chairman said they could).
Damn, why do I feel like this is how the former Kimberly Clark corporate flight department (Midwest express) arm of Alpa worked just prior to the airline shutting down.
Handshakes and back slaps all around.
To FTB's point, the primary reason they are monetizing PS isn't because it allows them to reduce the other employee's PS. The primary reason they're monetizing PS is because we're willing to do it during sec 6 negotiations. We're thus enabling the company to exchange PS for pay increases during this period. We're funding payrate increases we would otherwise get by taking it in the form of monetized PS.
The bonus is the company will then be able to do the same for other employee groups. But if we did this 8 months after agreeing to a TA they would not be interested in a 1:1 exchange.
Granted, the big money in PS is with all the other employee groups as a whole, and yes, they have to get ours first or look like the heals they are. But they want to use PS to fund ours and other employee's pay increases.