Originally Posted by
newKnow
Bar,
I, along with a lot of other people, already paid for some airplanes for the company (E-170's for Compass). Imagine how we felt the month after we got out of bankruptcy and after taking huge paycuts, to find bright, shiny new jets on the property -- for someone else to fly. It was not fun.
I recommend we let Delta find ways to pay for the airplanes the next time. It's their turn.
New K
Bar and I have discussed these data points many times over the last few years.
I could be mistaken but I beleive his point is that Pay is great and we all want it, but we need to realize that the issue of our aging fleet. Delta literally will need to spend tens of billions of dollars on jets in the next few years.
I suspect that he will further state that DAL will use this cost of new jets as a reason to outsource smaller flying because they cannot add that amount of debt to the balance sheet.
Every time we have discussed this prior it has never been my opinion that he feels we need to make less pay to make sure DAL can afford these jets. It is more of a point that DAL will make that, given our pay, etc, they cannot afford to renew the fleet under the current umbrella.
It is part of the reason why Scope is so important. It cannot be sold for anything.