Any "Latest & Greatest" about Delta?
05-30-2012 | 07:58 AM
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From: 765-A
05-30-2012 | 08:02 AM
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05-30-2012 | 08:22 AM
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From: MSP7ERB
05-30-2012 | 08:24 AM
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From: 747-400 Captain
Carl, your analogy cracks me up. Better than my chess analogy: trading a few pawns for a knight/rook. Its hard for people to visualize, or put a price on scope, but that's why the company is so giddy about this trade. Wait, why are we even trading pieces these days? Shouldnt we be recapturing or stopping scope erosion?
Carl
05-30-2012 | 08:44 AM
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When half the 717s arrive.. the mainline fleet will exceed 767. Management can then convert all the 70 seaters to 76s.. And they have absolutely no reason nor mechanism to get rid of the 50s... all 3 hundred and something of 'em...
Then... management can start parking mainline aircraft... with no corresponding reduction in RJs..
But you are right, the TA sucks. I'll only make $30 more than a UAL 747 captain.
Then... management can start parking mainline aircraft... with no corresponding reduction in RJs..
But you are right, the TA sucks. I'll only make $30 more than a UAL 747 captain.
05-30-2012 | 08:49 AM
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OK, whether it's 2014 or 2015 the fact is that I don't get it now and haven't for a number of years. I wouldn't have even brought it up had you not referenced me personally as geting XX in pay and 40,000 a year in dc payments. You used that premise to then ask me a question. I felt it only proper to remind you that your premise was wrong. There are many junior folks that I fly with who are thankful we on the top half are giving all our dc payments to the bottom half, others flat-out tell me to my face that I should be giving more. Regardless, water under the bridge and will be until 2014 or 2015. I was only trying to be accurate and honest in response to the question that you were posing.
My final average earnings when it was frozen was just under 20K per month. With freeze, we went from 60% of final average earnings to 50% FAE. That puts my monthly pension at age 60 at just under 10K per month...if it's not terminated by then that is. If I stay all the way to 60, then about 1500 per month of that pension is available to be had as a lump sum as opposed to monthly payments. I've heard the lump sum for this is about 100K, but I won't know until I retire at 60.
Carl
My final average earnings when it was frozen was just under 20K per month. With freeze, we went from 60% of final average earnings to 50% FAE. That puts my monthly pension at age 60 at just under 10K per month...if it's not terminated by then that is. If I stay all the way to 60, then about 1500 per month of that pension is available to be had as a lump sum as opposed to monthly payments. I've heard the lump sum for this is about 100K, but I won't know until I retire at 60.
Carl
05-30-2012 | 08:50 AM
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From: 737A
How do these two quotes square with each other?
"Our very own CAPS community gives the company a dreaded one-star rating (out of five), with 41.4% of members expecting it to underperform. I am one of the 385 members currently sporting an underperform CAPScall on Delta and find myself underwater to the tune of nine points. But, have no fear, history is on my side."
"Fool contributor Sean Williams has no material interest in any companies mentioned in this article. "
Not much oversight going on over at the motley fool, apparently.
05-30-2012 | 08:55 AM
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From: 747-400 Captain
Hey Carl,
First, thanks for the reply. I do have a question though. You said that your retirement went from 60% FAE to 50% FAE however you reduced your monthly retirement by 50%. In reality, shouldn't it be something more like this:
Assume your FAE is $33,000/mo
Your FAE at 60% would be $19,800/mo
Since it was reduced to 50% FAE shouldn't your pension pay out $16,500/mo?
It was my understanding that we froze the pension at the amount it was at at the time of freezing and therefore, whatever you had earned is what you were to get. I don't remember reading that we not only froze the pension but also cut the value of it by 50%. Is that true?
Thanks,
First, thanks for the reply. I do have a question though. You said that your retirement went from 60% FAE to 50% FAE however you reduced your monthly retirement by 50%. In reality, shouldn't it be something more like this:
Assume your FAE is $33,000/mo
Your FAE at 60% would be $19,800/mo
Since it was reduced to 50% FAE shouldn't your pension pay out $16,500/mo?
It was my understanding that we froze the pension at the amount it was at at the time of freezing and therefore, whatever you had earned is what you were to get. I don't remember reading that we not only froze the pension but also cut the value of it by 50%. Is that true?
Thanks,
Carl
05-30-2012 | 09:03 AM
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My point is that when they got out of bankruptcy it took until 2010 to get their next contract, 3 years after the amenable date and 7 years after the bankruptcy and only with the help of the NMB who didn't mediate until 15 months after they requested the process. The key points are that this is the traditional path with the NMB regardless of sending back a TA in bankruptcy in an attempt to save the pensions.
Code:
September 16, 2008 - With negotiations on a new contract stalled after well over 18 months of bargaining, Hawaiian Airlines pilots, represented by the Air Line Pilots Association, Intl., have filed to seek mediation with the National Mediation Board (NMB). At the same time, the pilot group announced it would reactivate its Strategic Preparedness Committee and seek support from ALPA’s National Strategic Preparedness and Strike Committee. December 23, 2009 - After nearly three years in contract negotiations, pilots at Hawaiian Airlines are welcoming the opportunity to vote on a tentative agreement that, if ratified by members, will result in a new contract. Negotiators for ALPA and Hawaiian Airlines hammered out the deal on December 18 after nearly two weeks of grueling, nonstop bargaining under the supervision of the National Mediation Board (NMB), including a marathon final session that lasted almost 36 hours. January 14, 2010 - Hawaiian Pilots Endorse New Contract
05-30-2012 | 09:09 AM
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From: MSP7ERB
How do these two quotes square with each other?
"Our very own CAPS community gives the company a dreaded one-star rating (out of five), with 41.4% of members expecting it to underperform. I am one of the 385 members currently sporting an underperform CAPScall on Delta and find myself underwater to the tune of nine points. But, have no fear, history is on my side."
"Fool contributor Sean Williams has no material interest in any companies mentioned in this article. "
Not much oversight going on over at the motley fool, apparently.
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