Delta To Furlough?

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03-13-2020 | 02:16 PM

#671

velosnow

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Joined: Nov 2010

Posts: 1,342

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Quote:

Originally Posted by DALMD88FO

The majority of our seniority list has only seen the good times since being hired.

I see this mentioned quite a bit as if we only see through rose colored glasses. Remember those same folks this refers to (myself included) remember the bad old times long before we got here and were likely a part of the lost decade. In fact, I hear more captains tell me "your career is gonna be great!", but I always respond with a cautious "I hope so but we all know poop happens".

And it has once again.

03-13-2020 | 02:54 PM

#672

crewdawg

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Joined: Jul 2006

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Quote:

Originally Posted by Speed Select

Will they typically freeze the USERRA clock for pilots senior enough to avoid furlough, but who are willing to go on orders to allow a more junior pilot to stay employed?

VLOA vs MLOA has benefits ramifications. Just wondering what the historical precedent is.

Unknown, but I've read that SWA just extended to their mil guys the benefit of taking long term mloa without it being counted against their USERRA time. Here's hoping Delta does the same. I'd want documentation of it from the company and I'd dabg sure keep very thorough records on it.

Quote:

Originally Posted by jethikoki

Right you're not he is!

Right, that's why I added the caveat. Just relaying what I saw happen in the mid-2000s, and that was guys come back after furlough, then later ended up taking 5 years of mloa. Call that dude, the DOL, ESGR, or whomever you wish to verify. I don't plan on it ever being an issue since I don't care to go back full time unless there are no other options.

03-13-2020 | 02:58 PM

#673

Nantonaku

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Joined: Dec 2013

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Quote:

Originally Posted by DALMD88FO

I've been saying for a while that it's easy to talk about the "Delta Family" during the good times. The majority of our seniority list has only seen the good times since being hired. I hope you are wrong on your assessment and I hope we don't furlough a soul. I know first hand how it can change your opinion of your management and union. If we do furlough we need to immediately vote to pay for COBRA for all furloughee's. The next month will be interesting to say the least.

Probably not true, most people lived through 2008 and age 65 in one job or another. The majority of people were probably already working in the airline industry, so sure, they weren't at Delta but this is a ridiculous statement to make. Look at the hiring stats (regional vs. military) and the average age of a new hire. The majority of people hired during the last few years of the good times also spent most of their career when career progression was in the dumper so they are well aware of the ups/downs of this industry.

03-13-2020 | 03:04 PM

#674

Mesabah

:-)

Joined: Feb 2007

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Quote:

Originally Posted by gloopy

Right after they claw back the 15B in burnbacks.

They used to be illegal, as the .gov classified them as fraud. So they bought shares back at the all time high, and now they plan a possible re-issue, but at a significant discount. That is absolutely fraud.

03-13-2020 | 03:09 PM

#675

gloopy

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Joined: Jul 2010

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From: window seat

Quote:

Originally Posted by Mesabah

I'm all in favor of lower corporate taxes, but there needs to be a crushing tax on this nonsense. Maybe even CBA language that says for every dollar of burnbacks we get 10. This absolutely has to stop and if it doesn't the blowback they will get during the next political cycle will blow away anything they ever thought they'd ever gain from doing that in the first place.

03-13-2020 | 03:11 PM

#676

OOfff

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Joined: Sep 2016

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Quote:

Originally Posted by BobZ

my guess is if sumbody had their old job and told delta they wud be absent its not gona be held against them.

per my friend in exactly this situation, they were given the option to show up or be first to get a class later. A classy way to handle it, imo

03-13-2020 | 03:13 PM

#677

full of luv

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From: Narrow/Left Wide/Right

Quote:

Originally Posted by gloopy

Again, besides paying you absurds amounts of wages of course.....what would you have them do with buckets of free cash pouring into the company coffers which they ultimately don't feel comfortable expanding operations with? When you buyback shares you also spread the dividend going forward over fewer shares which again raises the stock yield. A well run company will do many things with it's extra cash.

03-13-2020 | 03:18 PM

#678

badflaps

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Joined: Apr 2011

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From: retired 767(dl)

So, when they borrow 1B, do they get a little payment book or does it come out of checking electrically?

03-13-2020 | 03:23 PM

#679

Mesabah

:-)

Joined: Feb 2007

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Quote:

Originally Posted by full of luv

They should always increase the dividend, and pay down debt obligations.

03-13-2020 | 04:43 PM

#680

Happyflyer

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Quote:

Originally Posted by tunes

why would we furlough pilots when the company said the 40% is for the next few months?

Because in 2019 they generated 3.9B per month in revenue and spent 3B per month.

If your burning 3B every 30 days and bookings go to the craper it doesn't take long to smoke 5B.