"This TA results in a net increase of $1.1B in total PWA value over the life of the contract. This means that Delta pilots will be earning only 13.6% more in 2018 than they are today, when the effect of all concessions are considered. Last year Delta's Pre-Tax Income (PTIX) was $4.5 billion.
In C2012, we achieved a 20% increase in overall net value over three years on the heels of $1B PTIX, with no help from the other “legacy” passenger carriers (not SWA, UPS, FDX) who were contractually below us, and Europe teetering on collapse.
Today, Delta’s profit is over $1B per quarter, the company is giving billions back to investors and the economy is much stronger overall. While the pilot group does not expect an 80% increase in net value, they certainly expected more than 13.6% over three-and-a-half years. Especially since we got a 20% increase in C2012 (over the JCBA) when the company was only 1/5th as profitable."
This was posted earlier.
There is no way we should settle for this. Please vote NO.