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Originally Posted by forgot to bid
(Post 1282391)
You know what's even funnier, with two little kids, I've seen 0 football games from start to finish this year. Really I just watch parts. And I don't really miss it. I'd rather watch it on tivo and FF to the big plays. As they say, watching sports is okay and reading about it is annoying but talking about it is riveting. |
Another DPA bonehead comment,
"ITEM FOUR: GOOD NEWS/BAD NEWS! ALPA just announced a dues rate reduction to 1.90%. Here is the math: A pilot making $100,000 in income subject to dues annually currently pays 1.95% or $1,950 in dues. Following the 2013 pay increase, a pilot making $108,000 will pay 1.90% or $2,052 in dues for 2014. This pilot will, in reality, pay an additional $102 in dues!" How do I withdraw my card? |
Where's the AE.....
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Originally Posted by Delta1067
(Post 1282522)
Another DPA bonehead comment,
"ITEM FOUR: GOOD NEWS/BAD NEWS! ALPA just announced a dues rate reduction to 1.90%. Here is the math: A pilot making $100,000 in income subject to dues annually currently pays 1.95% or $1,950 in dues. Following the 2013 pay increase, a pilot making $108,000 will pay 1.90% or $2,052 in dues for 2014. This pilot will, in reality, pay an additional $102 in dues!" How do I withdraw my card? |
Originally Posted by slowplay
(Post 1282457)
For all those "cost neutral" guys out there...from the earnings call
Paul Jacobson [FONT=Arial][FONT=Arial][LEFT]Thank you, Ed, and good morning, everyone. During the quarter our nonfuel unit costs increased by 5.6% and we expect to see a similar level of growth in the December quarter. While due in part to our capacity reductions, we’ve continued to experience cost pressures from the investments that we made in the business. The 5.6% increase was driven primarily by wage and benefit changes which accounted for roughly half of the increase.It makes sense that if you cut capacity and costs stayed the same then the unit costs increase. If the cost rose then they increase even more. But at this point in the life of C2012 there really isn't a reason for the cost of the contract to do anything but rise, right? We're paying pilots more and reserve pilots make more hours and none of that has been offset by re-fleeting and some of the productivity stuff hasn't kicked in to make a difference. It's going to be something measured down the road 'ceteris paribus'. When asked how will you pay for the pilot contract RA and GH responded that overall value to refleet plus productivity plus the reduction in profit sharing will improve margins and fund the growth. To me that says the pilots will cost us more but we're going to make it up in working them more, requiring fewer of them and paying them less in profit sharing and of course swapping out RJs and adding 717s to fund their increased cost. Now to me, if pilot cost increase 5% but decrease both 2% on productivity and 1% on profit sharing (making up the % there) then the pilot cost increase is 2%. If we make 4% more revenue because of refleeting then the pilots are paid for. That'd be cost neutral. But also staffing negative. Again % are made up as an example.
Originally Posted by slowplay
(Post 1282457)
Ed Bastian
Jamie, this is Ed. The $1 billion that we’re referring to is candidly, part of that same cost-reduction initiative that we talked at the Investor Day last year as we laid out that plan. As I think he said at that planned discussion it’d take probably about two years to implement and that’s where we’re at now in terms of the implementation. I think we said at the time and we said since that 8.4 was a calculation at a point in time, it’s obviously influenced by a lot of other factors, capacity levels which we continue to take down, the opportunity to move ahead with our pilots which obviously puts much higher pressure on it. So from that standpoint it’s not backing down from our cost goals, we’re saying that we’re going to have to have a reset though due to the change in the macroeconomic factors, not anything that’s different from the $1 billion target. Now I think I'm left to hope that macroeconomic factors kick in next year and we need that extra caacity. That said it seems like they're okay increasing our costs as long as revenue increases sufficiently to cover it so that we don't eat into the profits.
Originally Posted by slowplay
(Post 1282457)
We currently enjoy a cost advantage compared to some of our full service network airline peers, but that will be stressed next year with our pay increases (12.84% over same period previous year) and no offsetting revenue increases from upgauged mainline (B717) until late in the year. If the revenue doesn't materialize as forecast, the cost increase still remains.
Originally Posted by slowplay
(Post 1282457)
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Originally Posted by Delta1067
(Post 1282522)
Another DPA bonehead comment,
"ITEM FOUR: GOOD NEWS/BAD NEWS! ALPA just announced a dues rate reduction to 1.90%. Here is the math: A pilot making $100,000 in income subject to dues annually currently pays 1.95% or $1,950 in dues. Following the 2013 pay increase, a pilot making $108,000 will pay 1.90% or $2,052 in dues for 2014. This pilot will, in reality, pay an additional $102 in dues!" How do I withdraw my card? |
Originally Posted by slowplay
(Post 1282464)
Bakken is cheap right now because it's hard to get it to market. It has to be railed and/or barged to get to refineries which adds a bunch to the total cost of the fuel. Estimates I've seen are $12 per bbl to the Gulf coast and $20/bbl to the east coast. Those costs will ease over time as new transportation options are put in place.
COLUMN-U.S. coastal refiners' Bakken lifeline eroding: Campbell | Reuters |
Originally Posted by johnso29
(Post 1282533)
The DPA embarrassment continues. It's a good thing DPA isn't like ALPA, otherwise I might think they're trying to spin things. :rolleyes:
You guys beat me to it! I had to reread this a few times before I could believe that someone who holds an ATP actually wrote this! Is this guy serious? DPA would have an infinitely better chance if Caplinger was not at the helm. |
Originally Posted by Superdad
(Post 1282539)
You guys beat me to it! I had to reread this a few times before I could believe that someone who holds an ATP actually wrote this! Is this guy serious? DPA would have an infinitely better chance if Caplinger was not at the helm.
IMO, the in-house solution is still valid, the "practicioners" at the helm of the DPA drive are just not the right people. In house is Dalpa minus Alpa. |
Originally Posted by 80ktsClamp
(Post 1282527)
Caplinger is doing a stellar job of making sure I don't renew my card, haha.
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