Originally Posted by
OldFlyGuy
Trying to terminate the APA pension plan was a management fantasy. Their plan was 90%-ish funded in my recollection. There was simply no way AMR could make a case for termination. Wasn't politics as much as math. Timing.. yes in a lot of ways "timing" benefited them. IMO the most important thing was their A fund + B fund split meant less A fund to "fund." That said, it seems evident at this point that DAL could have reorganized AND funded our pension.. just maybe not in the time frame allowed by the rules. Have a great day gentlemen and ladies. Signed, Lostalotabucks, OFG
Pull up a 10k and see how much DL owes the PBGC, we owe more than AA. Delta never reports that debt when the say, "we want to get down to $7bn..." So while DL skipped town on retirement contributions and made record profits AA couldn't or didn't want to make it look like they could swing both either. Several years later and miraculously everyone can. It just stinks. Pillage the employees and return shareholder value. When there's no one left to keep the inflation train moving along you'll know where to look.