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Old 09-09-2009 | 03:06 PM
  #14243  
bigdaddie
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Joined: Jun 2008
Posts: 564
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From: LAX 350 A
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Originally Posted by slowplay
For some reason I thought you came from PCL and hired on here in 2007. Am I mistaken?

The first part of your post isn't exactly true. From 2001-2004 Delta pilots received substantial payraises. 11/11/04 saw LOA 46 and the first real concessions (save PRP's). LOA 50 occured in bankruptcy and was the final pay reduction (12/14/05). Since then there has been slow but steady progress made on restoration. Also, anyone that took those large concessions divvied up $2 billion in Claim and Notes, and the pilot group got 49 million shares of Delta for the merger, plus about 18% in compensation restoration over the 4 years of the deal. And as far as the ATM comment, the folks really taken to the cleaners were the shareowners and unsecured debt holders.

I agree that there will be substantial improvements in our contract over time. I'd prefer not to wait until 2012, but take every opportunity to add value prior to that point.

Lee, is that you?