According to a MEC Scheduling Committee member, June set a record at Delta for system wide GSs. 8600ish was final number I believe. Previous record was 7900ish. Looks like company has decided pilots will take the extra flying vs hiring more. It's feeding season. If you got major capital expenses upcoming or expensive tastes, now is the time to eat! It's raining Green.

It's a Brave New World we are in. A350 Captains hitting 7 figures and Delta still bringing in over 5 Bills a year. We seriously need to look into stock options. Follow Warren

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He also stated that July is on track to do the same. Man, ARCOS sure did eat away at all those greenslips.

Ya, they're banking on guys GSing their summers away so they they're not so overstaffed in the winter. Great for the company, good for a some, bad for most. While I don't mind the short term cash, I much prefer better summer staffing. On average I'd like to see schedules built to fewer days per month...then let the guys who want the extra pay to GS. Simply attempting to bid min credit or drop trips just doesn't always work.

The 350 debacle was just that, and an outlier due to Delta trying to be super cheap and some in management who can't stand the thought of bypassing guys. When you have guys finishing training and flying one or two trips, it's obvious someone is spiteful. Glad those guys got to take advantage of that opportunity and cash it though.

Stock options are an interesting option.

 

When you look at how expensive stocks are and how cheap Delta is, it’s hard to imagine Buffett not buying Delta.

Q2 was incredible and our stock pops 1.5%.

 

The number of green slips post Summer will be interesting.

I’ve never seen management staff so tightly. Barely skirting the contractual minimums.

IMO there will be plenty of green slips going forward.

 

Spot on. There's numerous articles about how cheap airline stocks, particularly Delta, are. Folks on Wallstreet are still skeptical on whether the airlines can sustain a recession. Their doubt will create alot of wealth for folks that are alittle more long term thinkers and know the Restructured, Consolidated airlines are Oligopolies.

Profit Sharing created more income for Delta pilots and they could've ever imagined and that's why I'm a big supporter of adding stock options to the Delta PWA.

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That all depends on restrictions and vesting. Options at today's price aren't for me.

 

Ya know I find this a bit hypocritical and I’ll tell you why. You want stock options but don’t want some type of retirement plan improvement. Based on history you shouldn’t want either one. The last time we got stock options they turned out to be basically be worthless........kinda like the pension plan.

Denny

 

They bypassed a ton of guys Bidding the 350. The contract places a lot of restrictions on how it’s used and of course none of the 747 guys could be bypassed.

 

Denny.....the stock options were only worthless if one didnt exercise them at as much as $100+/ share.

Now the esop preferred $72/share stock in lieu of company cash to the 401 did turn out to be worth zero for many of us.

And that was due to the fact they were first in an age lock box so we couldnt sell them....followed by dalpa allowing a conversion to common stock without extracting a floor value that delta would be required to exit the positions to protect some value for the pilots.

 

We got three tranches of stock options. The only one worth anything was the first one and you had to have sold that almost immediately upon it becoming vested. (There was a year vesting period for each tranche iirc. And each tranche was a year apart). The second two tranches were never worth a thing.

Sooooooo did you exercise them at 100+ a share? If you did, just like esop preferred shares at $72, they went to zero in the bankruptcy. They were worthless.

Denny