Originally Posted by
scambo1
You said it was "almost like"
If you remove almost, I think youre right.
During restructuring, it was viewed that Delta was the vehicle to promote various corrolary vendors like american express, coke, etc...the core business was an advertising tool...with a captive audience. If you read the vendor list of exit financing backers, you will see what I mean.
Now, we are witness to unbridled short term value extraction...the vampires are sucking the blood. The question is when does the airline get an IV?
Also, the new model is other airline ownership, schedule integration, domestic feed, risk mitigation, codeshare, JV.
As a pilot, you have to ask yourself what do these do to our leverage and what do they do to our/my career potential? Cutting into profit sharing in any way absolutely kills any future benefit a Delta pilot can hope to extract!
There is no leverage and it destroys your career. Which is why we theoretically have a union. I think it gets them intertwined in so many revenue streams it makes them recession resistant and bankruptcy proof. IMHO.
Actual delta employees are the big losers. If you want a stake in the game we need more profit sharing or stock options. Not less.
Trading for rates now is ridiculously short sighted.....and you always have to wonder why the CO wants something. And it ain't the red herring Wall Street or BOD. Pay attention folks.