Perspective....
04-03-2020, 11:01 AM
#11
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Joined APC: Jan 2014
Position: DAL A320 CA
Posts: 558
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 APC: Jun 2015
Posts: 1,638
Originally Posted by Denny Crane
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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Joined APC: Sep 2008
Position: Kickin’ Back
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Originally Posted by Planetrain
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.
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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Joined APC: Apr 2007
Posts: 4,458
Originally Posted by Denny Crane
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
Denny
04-03-2020, 05:58 PM
#15
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Posts: 178
Originally Posted by Denny Crane
Conclusion........there is now way anything we give is going to impact what happens to Delta
04-03-2020, 07:09 PM
#16
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Thread Starter
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Originally Posted by Gunfighter
Denny speaks the truth. Could we get this message out to EVERY pilot at Delta.
Denny
04-03-2020, 09:57 PM
#19
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Joined APC: Jun 2015
Posts: 1,638
Originally Posted by Denny Crane
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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Joined APC: Aug 2006
Position: A330 First Officer
Posts: 1,465
Originally Posted by Planetrain
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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