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.