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Originally Posted by Tailhookah
(Post 3135130)
Go back further manno...
2001 767er rate of $234 adjust for 2.5% api over 19 years=$374 Does anyone need another arithmetic lesson? We are FAR behind that. Yet Delta was making record profits. Buying back billions in stock. And wouldn’t meet us at the table... paint your own picture. Also, inflation has not been 2.5% - somewhat less. Using an inflation calculator $234 in 2001 is ... $334. |
Originally Posted by ERflyer
(Post 3135170)
The 330 is the new 767ER. At $334-339 an hour it’s not too far behind. If we had not asked for a ridiculous $12B contract increase we would have surpassed those rates. Even on the soon to be retired 767ER.
Also, inflation has not been 2.5% - somewhat less. Using an inflation calculator $234 in 2001 is ... $334. |
Originally Posted by DeadStick
(Post 3135162)
Yep, talk about a “lost decade.”
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Originally Posted by sailingfun
(Post 3135173)
I believe a accurate ask on the new contract is around 3 billion. 12 is a bit on the high side! 2019 pilot costs were north of 4 billion for the year.
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Originally Posted by sailingfun
(Post 3135153)
How do you explain the company waiting far longer than most felt it should prior to filing bankruptcy? In fact they waited so long Delta was dangerously short of cash. It is also hard to explain Mullins taking the bulk of his compensation in stock options that would become worthless in any bankruptcy filing. Not to mention taking a company into chapter 11 is rarely a good thing on a resume. Mullins has never held any job of consequence since. If it was all a plan you would also think the company would not have fired him and instead let him lead the company through the process.
His war of attrition on US Airways was a miserable failure. He completely discounted the reality that the airlines are heavily regulated and politics are a wild card that can keep airlines on life support. US Airways was not going to go away. The massive irony is Mullins was one of the top cheer leaders for the ATSS Act after 911. Delta never applied for the bailout loans. You could argue perhaps because he knew he was going to bail and the loans had ties on exec compensation and golden parachutes. America West is ultimately saved by the loans advocated for by Mullins and Parker merges them with a BK US Air. The circle of life. |
Originally Posted by ERflyer
(Post 3135170)
The 330 is the new 767ER. At $334-339 an hour it’s not too far behind. If we had not asked for a ridiculous $12B contract increase we would have surpassed those rates. Even on the soon to be retired 767ER.
Also, inflation has not been 2.5% - somewhat less. Using an inflation calculator $234 in 2001 is ... $334. |
The ask was about 3 billion a year and that was right at 200,000 per pilot. Hence the mediation. I am not sure if that amount was first or last year of the contract. After running some numbers it almost had to have been the final year. If the union wants to galvanize the pilot group and the ask was a more reasonable number they should release it. It’s going to come out one way or another.
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Originally Posted by sailingfun
(Post 3135380)
The ask was about 3 billion a year and that was right at 200,000 per pilot. Hence the mediation. I am not sure if that amount was first or last year of the contract. After running some numbers it almost had to have been the final year. If the union wants to galvanize the pilot group and the ask was a more reasonable number they should release it. It’s going to come out one way or another.
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Originally Posted by theUpsideDown
(Post 3135382)
Clearly its already been leaked to you. *Shrug*. If it gets us to mediation faster and a contract faster then ask for 5 billion more next time. I was pretty excited to get mediation started, rather than dragging this crap out. If Covid hadn't happened we'd probably be within a year of a contract right now.
"Traditionally, both sides start by exchanging unrealistic proposals that unreasonably raise people's expectations," she said. "Moving to what I call the 'zone of reasonableness' takes a long time and uses up lots of energy. With interest-based bargaining, both parties start in that zone of reasonableness and stay there. They focus on solving problems -- not wish lists -- and the discussions tend to be much more fruitful." |
Originally Posted by theUpsideDown
(Post 3135382)
Clearly its already been leaked to you. *Shrug*. If it gets us to mediation faster and a contract faster then ask for 5 billion more next time. I was pretty excited to get mediation started, rather than dragging this crap out. If Covid hadn't happened we'd probably be within a year of a contract right now.
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