Take the money, Ed.

Use the Grant's to cover payroll. Use the credit lines and other loans to pay the bills. Take the Gov't loans to stay out of bankruptcy and fend off Dougie Parker.

You remember Dougie Parker..don't you, Ed?

He was one of the only CEO's to take the $250M from the govt for America West after 9/11? He then used it to buy USAir when they went CH11, tried a hostile takeover of Delta, and finally settled on AMR.

Dont put Delta in that situation again over stock options and buy-backs.

Take the money, Ed.

Rerun your numbers for C2015 rates and rules vs C2000 and plus up for the additional 6,000 pilots or so. Believe me, I see your point, but LOA46 and C2000 and today’s cuts are apples and oranges on figures.

Sorry, I don't really understand what you are getting at.

First of all that is directly from the Dalpa contract history document. My point was not to rerun anything with C2015 numbers. It was to point out that, even with draconian cuts similar to LOA 46, any cuts we make are going to be negligible and will only delay the inevitable (if it becomes so) by a month or two.

The one billion is low if you throw in the loss of pension but that's not there now so I just went with the Contract History figure. If you have a problem with that, take it up with Dalpa.

Denny

Denny speaks the truth. Could we get this message out to EVERY pilot at Delta.

I'd challenge anyone to show that a pilot concession had any impact on the parent companies eventual *positive* outcome. We'll wait..

Thanks Gunfighter. Obviously that was supposed to "no" instead of "now." #oops

Denny

We all no what you meant. Your a smart guy.

You're correct..........:);)

Denny

My point was a cut as severe as LOA46 with C2015 and 14,500 pilots is much more than $1billion. You conflate a $1B cut 15 years ago with company expense numbers of $20B/yr today. (15 years ago our revenue and cost was less) I’m not disputing your number or where you got it from, only that in today’s market, an LOA 46 type cut will amount to a much bigger number because of pay rates and work rules and number of pilots. Idk what that number is, $2B/yr? Probably still not enough to stop this sinking ship. Moo point.

​​​​​​Wel that $1B you are talking about was for only the Delta pilots of which there were 10,155 when the cuts were made and our pay rates were pretty close to what they are today believe it or not. You would have to also add in what the NWA side of the fence gave as we are a combined airline now.