Originally Posted by
sailingfun
One think I notice that is never mentioned here is the extra money Delta pilots were paid from the claim and merger stock. Add that into the hourly rates and Delta does not look so bad. I did not include note money because it was compensation for retirement.
And where did the bulk of that claim and merger stock go? It went into our retirement accounts. While you are
technically correct that it was supposed to offset the loss in pay, the reality for most of us is that it was a boost to our retirement accounts and nothing more. Now don't misunderstand me, I'm glad to have it... it was a very nice boost to help me get my retirement back on track. But it has done absolutely nothing to offset the bankruptcy/emergency standard of living afforded by our pay rates.