Perspective....
04-03-2020 | 11:01 AM
#11
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From: DAL A320 CA
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.
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.
04-03-2020 | 04:33 PM
#12
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Joined: Jun 2015
Posts: 1,995
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The Company has said we are burning thru approximately $5 billion a quarter...at least that’s what JL has indicated. If that continued for a year it would be $20 billion.
For perspective, according to the Pilot Contract History put out by Dalpa, LOA 46 saved the Company approximately $1 billion per year.....and we know how draconian those cuts were.
Conclusion........there is now way anything we give is going to impact what happens to Delta by more than a month or two.....and that’s being generous.
Denny
For perspective, according to the Pilot Contract History put out by Dalpa, LOA 46 saved the Company approximately $1 billion per year.....and we know how draconian those cuts were.
Conclusion........there is now way anything we give is going to impact what happens to Delta by more than a month or two.....and that’s being generous.
Denny
04-03-2020 | 05:00 PM
#13
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From: Kickin’ Back
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
04-03-2020 | 05:48 PM
#14
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04-03-2020 | 05:58 PM
#15
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04-03-2020 | 07:09 PM
#16
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From: Kickin’ Back
04-03-2020 | 09:57 PM
#19
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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
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
04-04-2020 | 03:44 AM
#20
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From: A330 First Officer
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.
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