Originally Posted by
Leslie Chow
Aside from all that, is the fact that every single airline in business today has been a bottom feeder and a shlthole at certain points. Every single one of them. I remember when Southwest sucked. I remember when guys at Delta were taking early outs and resigning seniority numbers to go to Emirates.
Just a bit of info, I think your confusing the exodus from Delta before the BK as a sign that it sucked. What was taking place was senior pilots who could "retire" and take $1million + in a lump sum pension payout or wait until the BK court decided how to deal with the pension fund courtesy the PBGC which trail had been recently blazed by UAL.
Many who were within sight of retirement went ahead and cashed out to move on to other airlines and/or out of flying with their lump sums in hand and pension coming monthly..... until the PBGC took over and adjusted the max payout amounts. Luckily for many, Delta pilots had long ago negotiated a lump sum payout of 50% of their pension benefits upfront upon retirement if so chosen..... and it was chosen by quite a few when the rubber started meeting the road.
