Delta signed an LOA with their pilots to prevent furloughs. 1788 pilots will now be placed on “No Fly Status” and collect 30 hours per month on B717 pay rates with their seniority, without ever having to fly an aircraft. Delta will also continue to provide full benefits, including the 16% Direct Contribution to its pilots.
The following is a comparison based on Year 1:
DAL CA will make $84,600 to NOT WORK and the company will contribute $13,536 their 401K.
SAI 737 CA will make $76,800 and will owe the company 17 DAYS per MONTH and will contribute $0 to their 401K.
An Atlas 767 CA will make $85,200 and will owe the company 17 DAYS per MONTH and will contribute $0 to their 401K.
An Atlas 747 CA will make $101,400 and will owe the company 17 DAYS per MONTH and will contribute $0 to their 401K.
If the CA wanted to put just as much in his 401K as the DAL CA, he would have to put in 13.3% of his OWN money in it, reducing his income to $87,864, or roughly the same as the Delta guy sitting at home ALL MONTH with the ability to find a second source of income.
Delta’s Leadership is burning $12-$14M per day while reinvesting in their employees; Atlas’ Leadership are lining their pockets with the profits WE are providing them and leaving us to pick up the scraps.