What are peoples takes about the latest discussions update from the company on the Flight Ops page?

"Total Compensation"... Ugh. To Management, Profit Sharing is pay, unless it doesn't suit them, then it's not. Like in the midst of the pandemic, when they didn't want it to be pay so they could say we weren't taking a pay cut

There are a lot of new hires (and not so new hires) who need a history lesson on the relationship of losing the DB pension and profit sharing.

My thoughts exactly Fang. As soon as I read “total compensation”, I had a Robert Downy Jr eye roll.

I do find it interesting they even felt a need to comment in this way. I think they know we are frustrated and are doing their best to placate the masses with “we are trying our best!”. The fact that they shifted blame back on ALPA means they might be just slightly perturbed with our picketing/union alert emails…which is fine by me.

I don’t know how someone couldn’t be up
to speed on the history. It is constantly brought up on here and in the cockpit.

Highlights of their global scope offer fall woefully short. They point to “guaranteed equal growth relative to our partners.” Who cares? We are already behind JV and codeshare partners. We need to recoup more that flying just to get to even(50%.) That will require growth that EXCEEDS that of our “partners”. The only thing “guaranteed equal growth relative to our partners” really guarantees is that we are behind now and we will stay there going forward.


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Speaking of total compensation, I opt out of Delta’s sh*t healthcare plans in favor of alternatives, where does that portion of my “total compensation” go? Delta is making a killing off those of us who don’t take their healthcare plans. How about some compensation for saving Delta $$$$ every year?

While a common opinion by more Senior Delta pilots, the narrative that there is a relationship between losing the Pension and Profit Sharing is false:

For PM-Delta the ALPA Notes Allocation provides compensation for the Pension termination to help ease the transition to the DC plan. The Claim allocation provided compensation for pay and work rule cuts. Delta equity was also issued to pilots.

Delta's current profit sharing plan was initially negotiated by DALPA in LOA 46 and 51 as compensation for pay cuts intended to avoid bankruptcy:

LOA 46 Effective 01 December 2004 Signed by John Malone/Gerald Grinstein
% of PTIX Paid under Program
$0 to $500 million 0.0%
Over $500 million to $1.5 billion 10%
Over $1.5 billion 20.0%

Original PTIX definition from LOA 46
PTIX will be calculated under U.S. Generally Accepted Accounting
Principals and will exclude: (i) any extraordinary, non-recurring or
other special non-cash charges; (ii) charges with respect to the
grant or exercise of employee equity or options; (iii) charges with
respect to preferred stock dividends so that profit sharing does not
drive a preference for debt versus equity issuance and (iv) charges
with respect to payments under the Profit Sharing Plan.

LOA 51 Effective 01 June 2006 Lee Moak/Gerald Grinstein
% of PTIX Paid under Program
$0 to $1.5 b billion 15.0%
Over $1.5 billion 20.0%
In the merger the 20% trigger was raised to 2.5 Billion.

In C2012 we made the following change:
$0 to $2.5 billion 15.0% in 2012
10.0% in 2013 and each year thereafter
Over $2.5 billion 20.0%

Excellent synopsis by our very own Scoop:
https://www.airlinepilotforums.com/d...-analysis.html

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I know the history and this post infuriates me. You should add how we agreed to cut it AGAIN in 2016, but the pilots voted the TA down.

You know the history but you don't add how this post infuriates you aside from the voted down TA which has no relation to how PS is tied with Pension termination

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