Originally Posted by
300SMK
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.
Delta does not owe the PBGC anything. They have obligations to pay pensions for all employees except pre merger Delta pilots. Those obligations have nothing to do with the PBGC. They carry pension obligations off the books so our debt is vastly understated.