Perspective....
04-04-2020 | 05:22 AM
#22
Line Holder
Joined: Feb 2012
Posts: 740
Likes: 14
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.
04-04-2020 | 05:25 AM
#23
Gets Weekends Off
Joined: Feb 2008
Posts: 20,869
Likes: 187
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.
04-04-2020 | 05:33 AM
#25
Line Holder
Joined: Jan 2019
Posts: 1,196
Likes: 28
With retirement attrition what it is now, I don’t see a retirement package being advantageous. They can just pay minimum line value and have the workforce to immediately move into the market come recovery time or they can pay roughly the same amount and have a large one time training churn that will probably not be in time for quick movement back into the global market.
04-04-2020 | 05:42 AM
#26
Gets Weekends Off
Joined: Jun 2015
Posts: 4,116
Likes: 1
It will be a real , long time before international travel comes back or makes a comeback because companies and people will be scared . Especially if there is any more of this in the fall and winter and CNN ,MSNBC, and all the network news and morning shows continue to panic and scare everyone. It will be many years I think before international travel gets anywhere close to what it was . So they might as well get as many guys to early retire as they can and hopefully that helps with minimal furlough . The 767’s are going buy, buy , so I think it would be cheaper for buyout packages versus the training costs , but this is just my opinion .
I doubt wuhan or anyplace in mainland china will be viewed as safe for a long time
04-04-2020 | 05:42 AM
#27
Line Holder
Joined: Jan 2019
Posts: 1,196
Likes: 28
Isn’t he the same Turd that screwed over 20,000 employees in Pittsburgh? Awesome , state of the Art Terminal that has sat empty for years now . It never did make a comeback . But , I’m not a financial or business guru , but do you guys think that Delta or any of these carriers could be split up ? Or is it just everyone fighting for themselves to survive ? You guys in the forum would know better than I .
04-04-2020 | 05:46 AM
#28
Line Holder
Joined: Jan 2019
Posts: 1,196
Likes: 28
Isn’t he the same Turd that screwed over 20,000 employees in Pittsburgh? Awesome , state of the Art Terminal that has sat empty for years now . It never did make a comeback . But , I’m not a financial or business guru , but do you guys think that Delta or any of these carriers could be split up ? Or is it just everyone fighting for themselves to survive ? You guys in the forum would know better than I .
04-04-2020 | 05:49 AM
#29
Gets Weekends Off
Joined: Jul 2008
Posts: 5,575
Likes: 316
Isn’t he the same Turd that screwed over 20,000 employees in Pittsburgh? Awesome , state of the Art Terminal that has sat empty for years now . It never did make a comeback . But , I’m not a financial or business guru , but do you guys think that Delta or any of these carriers could be split up ? Or is it just everyone fighting for themselves to survive ? You guys in the forum would know better than I .
04-04-2020 | 05:52 AM
#30
Moderator
Joined: Dec 2007
Posts: 7,252
Likes: 95
From: DAL 330
Scoop
Thread
Thread Starter
Forum
Replies
Last Post
