Originally Posted by slowplay (Post 1193173)

Actually the trigger for 20% Profit Sharing is $2.5 billion PTIX. That remains unchanged.

Originally Posted by 80ktsClamp (Post 1193186)

That is my understanding of the 76 seat clause. The mainline fleet has to get back above 767 airplanes and is tied to the 76 seat purchase.

Originally Posted by 80ktsClamp (Post 1193179)

It's just the below that which was cut down to 10%. They seem to not be spouting off on that detail.

I feel embarrassed for the negotiators. There are some (only some) good work rules improvements, but the pay is just absolutely insulting.

This is a wash if not concessionary.

Originally Posted by 80ktsClamp (Post 1193186)

That is my understanding of the 76 seat clause. The mainline fleet has to get back above 767 airplanes and is tied to the 76 seat purchase.

Originally Posted by tsquare (Post 1193196)

What happens when it drops back below 767 airframes? And you KNOW it will.. as soon as they get all the 76 seaters they are allowed.

Originally Posted by slowplay (Post 1193193)

Yeah, if the 2012 PTIX income was the same as 2011, then the pilots would have gotten $74 million in profit sharing. With the new TA the pilots would get $49 million in profit sharing, but an additional $218 million in pay (in 2013).

Wash??? Must be Florida State math!;)

Originally Posted by brakechatter (Post 1193183)

From Bloomberg. Read very carefully:

Delta Air Lines Inc. (DAL) may soon purchase more narrow-body jets when a tentative contract with its pilot union is ratified by a majority of members.
The accord, which includes pay raises of almost 20 percent, would allow many first officers to upgrade to captain while also creating additional openings for new first officers, Tim O’Malley, chairman of the executive council for the Delta chapter of the Air Line Pilots Association, wrote today in a letter to members.

The contract would also allow the Atlanta-based airline to add more 76-seat regional jets, although “this access can only occur if Delta first acquires small narrow-body jets flown by Delta mainline pilots,” while also getting rid of more 50-seat aircraft flown by regional partners, O’Malley said. Pilots prize jobs on main jet fleets because it means better pay and benefits over the long term.
Analysts have speculated that Delta is among the interested buyers of the 88 Boeing Co. (BA) 717s that Southwest Airlines Co. (LUV) acquired when it purchased AirTran Holdings Inc. last year. Southwest has said repeatedly it would like to get rid of the planes as soon as it can.

The jets have 117 seats and if acquired by Delta would be flown by the carrier’s pilots rather than by regional partners.