ERflyer

If you had been lied to as many times as we have been lied to you’d be a bit jaded too. Read up on our BPL, Bankruptcy Protection Letter to start with. Plus, we would reorganize before we liquidated. And trust me, we will “work” together by having massive displacements first and furloughs this fall. And in case you missed it we did give already - again. The April rebid and SILs. Management then basically spit on us and told the other employees we’re freeloaders.

gopher3

I love my union but I also love my company it's time to work together for all our survival.[/QUOTE]

You should make a Tshirt with that slogan on it. Send it to Bill....he will be happy to wear it during the next town hall.

gopher3

Lets not forget about the tens of millions Leo, Fred, and Michelle burned on their golden parachutes before they bankrupted us last time. I clearly remember them saying they need to “Retain the best talent” to save the company, How did that turn out? Fool me once....

Banzai

I fail to see how unions and good jobs are more costly than stock buybacks and grotesque executive payouts.

fishforfun

How much would we have if we just kept HALF of the stock buy backs in a “$hit happens” account? I have one. The company doesn’t?

mikea72580

If Delta is truly at risk of going under, there is no doubt, that our group would do whatever is necessary to prevent that from happening. We simply aren’t there yet. Bastian was absolutely right today when he said, this country is going to need air service, and if any airline is going to be around to provide that service, it’s Delta. American and United are already submitting massive claims for government loans. Delta, right now, is not even committing to needing those loans, at all.

Most pilots do not hate Delta. This airline has an incredible history. It’s one of the great American companies. Delta provides us the means to support our lifestyles. Pilots also don’t wish poorly on our co-workers.

Most of us don’t want to be consumed by hate, and most of us understand that the point of a business is to make money, a lot of it. Bastian & Co have a job to do. Expand margins and make as much money as possible. They get paid millions of dollars to sometimes be the bad guy and make decisions that are greedy.

We, on the other hand have the ability to collectively bargain. It’s not a perfect system, but it’s been mostly effective. Our pilot group is well suited to drive that collective bargaining ability. 60 days ago, we were set to be on a path for very large contract gains. We had all the leverage and momentum we needed to win. Now, its going to take some time to get that leverage back. But we remember. We know the playbook from the last economic disaster. And ultimately management knows that we remember.

It’s perfectly acceptable to snipe at management for resisting our drive to share in a larger piece of the profits. Doesn’t mean you hate Delta or want to see other work groups crash and burn.

deltabound

I watched it in real time. I think this was a fair assessment of everything said.

ZERO mentioned about the pilots in any way, shape, or form.

I don't recall anything being said about the "loan" portion of the bailout package. Pretty sure the company would much prefer to go a different direction.

Glad to see they're not selling any "happy talk" about V shaped recoveries. It was emphasized repeatedly that passengers will not come back until there is a vaccine. PAX NOT BACK UNTIL THE VAX.

All in all, it was a good talk, and not inappropriately optimistic. 4/5 stars.

53x11

At the 32:00 mark a question was read asking if the company is looking into early retirement packages. JS responded they are looking into it and to standby, Something about we’ll know more in a couple weeks or so.

sailingfun

Without a massive return in revenue a reorganization is highly unlikely. Once you file chapter 11 you require cash for all operating expenses. This is a very different situation from 2005 where revenue was decent but debt and fuel costs were killing us.

ERflyer

Then why aren’t we taking the government loan to further extend our time until traffic does recover enough?
Assuming traffic is essentially too low for us it is too low for everyone. Will the government allow all airlines to go under?