JP Morgan 3/10
03-10-2020 | 11:43 AM
#21
Gets Weekends Off
Joined: Jan 2010
Posts: 857
Likes: 0
From: Representing the REAL Delta
The company appears to be making the right moves. The silence from the union is disturbing. We need to be working with the company on plans that benefit both the company and the pilot group. Sadly with the just say no motto of the union the bottom half of the seniority list will bear the brunt of this event.
I know all you want is Moak to come back as MEC chairman, everyone knows this. Just like Tupac, Moak isn’t coming back this Easter.
03-10-2020 | 12:19 PM
#22
Gets Weekends Off
Joined: Feb 2008
Posts: 20,872
Likes: 189
The company pulled the trigger on the plan going forward yesterday. They have had the Benefit of watching this from the beginning. We learned of their plan a day ago. You can’t expect an immediate response.
I know all you want is Moak to come back as MEC chairman, everyone knows this. Just like Tupac, Moak isn’t coming back this Easter.
I know all you want is Moak to come back as MEC chairman, everyone knows this. Just like Tupac, Moak isn’t coming back this Easter.
We should have and in years past would have been far more involved. We could have helped shape the process of how flight ops handles the coming changes. We could have been involved in crafting packages including leaves, Ultra long call, SIL’s, split months, early retirements and training changes among many other options. It would require forward looking union leadership with people who can think outside of the box instead of the current not my problem union mentality.
Instead we sit waiting for the Axe to fall.
03-10-2020 | 12:22 PM
#23
Thread Starter
Racketeer
Joined: Mar 2015
Posts: 13,248
Likes: 707
From: N60.4858 W149.9327
The union just heard about this yesterday? It should have been virtually the only topic of discussion for the last 2 months. The contract negotiations are essentially dead and probably just need to be shut down. Some don’t seem to grasp the magnitude of this just continuing through the summer. It will take years to recover.
We should have and in years past would have been far more involved. We could have helped shape the process of how flight ops handles the coming changes. We could have been involved in crafting packages including leaves, Ultra long call, SIL’s, split months, early retirements and training changes among many other options. It would require forward looking union leadership with people who can think outside of the box instead of the current not my problem union mentality.
Instead we sit waiting for the Axe to fall.
We should have and in years past would have been far more involved. We could have helped shape the process of how flight ops handles the coming changes. We could have been involved in crafting packages including leaves, Ultra long call, SIL’s, split months, early retirements and training changes among many other options. It would require forward looking union leadership with people who can think outside of the box instead of the current not my problem union mentality.
Instead we sit waiting for the Axe to fall.
Last edited by notEnuf; 03-10-2020 at 12:34 PM.
03-10-2020 | 12:30 PM
#24
Gets Weekends Off
Joined: Apr 2008
Posts: 2,206
Likes: 0
From: DAL FO
The thing so many of us have a hard time grasping is that we’re on the same team with management on this one. We all want the same thing: minimize bleeding while remaining ready to spool back up when traffic inevitably comes back.
Unfortunately our balls over brains mentality at DALPA right now isn’t conducive to problem solving. If we’re not at the table when they’re discussing what to do with us we’re just along for the ride.
I’ll be pleasantly surprised to be proven wrong, but I’m fully expecting a chairman’s letter playing the victim card vs showing some leadership. Time will tell.
03-10-2020 | 12:33 PM
#26
Gets Weekends Off
Joined: Feb 2008
Posts: 20,872
Likes: 189
...so, the chicken little response then, OK. By outside the box, do mean do managements job for them? If an axe is to fall the non-cons will be the canary in the coal mine. When their pay gets cut the sky might be falling but I tend to think it will be the 4th floor higher ups flushing the toilet. Can't let a good crisis go to waste.
03-10-2020 | 12:39 PM
#27
Thread Starter
Racketeer
Joined: Mar 2015
Posts: 13,248
Likes: 707
From: N60.4858 W149.9327
It becomes our problem if in December we are seeing red ink and non-cons out on the street. Our illustrious management has been saying for years they are the best prepared for a turn in the business cycle. It's put up or shut up time. December 31 is 9+ months away. Even then we could survive consecutive years with mild losses. Relax, they got this.
03-10-2020 | 12:44 PM
#28
Banned
Joined: Feb 2020
Posts: 1,060
Likes: 0
From: Gummed
After listening to DAL and then AMR. We are much better positioned and are making a larger capacity move in response to this. I think the durability thesis will finally be tested. AMR has better liquidity but their expenses are less variable because of their debt obligations. Short story is that they have to keep the highly financed fleet flying to pay for it. They also have disclosed $7.5B in liquidity so if that number shrinks at the end of the quarter, that will be a sign that their capacity and fleet plan is unsustainable in a down turn. We have a revenue premium that will hopefully hold during this and allow for better capacity disciple. This is a circular pattern that will enable reduced capacity to support prices which will in turn allow further reductions and price support.
The profit sharing expense reduction was also mentioned as a significant cost saver that benefits us. From a corporate financial health standpoint I have always supported the variable nature of this compensation and think a reduced or even no profit sharing in a single year is the wisest way to automatically share in the company's success and cyclical nature of profits. In this way we are on par with owners without the ownership risk and even in a better position as the first to be paid our percentage. Share buybacks have been suspended and that along with suspending pension payments (funding, not retiree benefits) will allow a self inflicted expense increase to subside greatly. In my opinion we are making all the right moves and are indeed the best positioned for this environment. That gives me confidence as I sit idle on reserve for awhile.
The profit sharing expense reduction was also mentioned as a significant cost saver that benefits us. From a corporate financial health standpoint I have always supported the variable nature of this compensation and think a reduced or even no profit sharing in a single year is the wisest way to automatically share in the company's success and cyclical nature of profits. In this way we are on par with owners without the ownership risk and even in a better position as the first to be paid our percentage. Share buybacks have been suspended and that along with suspending pension payments (funding, not retiree benefits) will allow a self inflicted expense increase to subside greatly. In my opinion we are making all the right moves and are indeed the best positioned for this environment. That gives me confidence as I sit idle on reserve for awhile.
03-10-2020 | 01:03 PM
#29
Gets Weekends Off
Joined: Apr 2007
Posts: 963
Likes: 0
From: Up front
If I’ve read your posts correctly you were for TA1 and all it’s concessions, if we kept that crew we would already have a contract that would have fixed the QOL issues we seem to want. Now you blame the union for not doing management’s job for them.
While I’m not going to blindly follow our elected union leaders I can’t figure out why you are continually trying to undercut them.
03-10-2020 | 01:05 PM
#30
Gets Weekends Off
Joined: May 2015
Posts: 2,960
Likes: 0
From: Power top
The union just heard about this yesterday? It should have been virtually the only topic of discussion for the last 2 months. The contract negotiations are essentially dead and probably just need to be shut down. Some don’t seem to grasp the magnitude of this just continuing through the summer. It will take years to recover.
We should have and in years past would have been far more involved. We could have helped shape the process of how flight ops handles the coming changes. We could have been involved in crafting packages including leaves, Ultra long call, SIL’s, split months, early retirements and training changes among many other options. It would require forward looking union leadership with people who can think outside of the box instead of the current not my problem union mentality.
Instead we sit waiting for the Axe to fall.
We should have and in years past would have been far more involved. We could have helped shape the process of how flight ops handles the coming changes. We could have been involved in crafting packages including leaves, Ultra long call, SIL’s, split months, early retirements and training changes among many other options. It would require forward looking union leadership with people who can think outside of the box instead of the current not my problem union mentality.
Instead we sit waiting for the Axe to fall.
Thread
Thread Starter
Forum
Replies
Last Post
