Any "Latest & Greatest" about Delta?
01-23-2013 | 06:18 PM
Line Holder
Joined: Nov 2009
Posts: 1,281
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From: C560XL/XLS/XLS+
Actually there is a divide...
The real HVCs are feeling vindicated and reaffirmed in their high-roller status
The not-quite there crowd is who is up in arms...
If you look at how large the upgrade list frequently is, there's a sign that some of the benefits have been undervalued and given away at a reduced rate in the past...
I'm all for making the status actually mean something.
Cheers
George
The real HVCs are feeling vindicated and reaffirmed in their high-roller status
The not-quite there crowd is who is up in arms...
If you look at how large the upgrade list frequently is, there's a sign that some of the benefits have been undervalued and given away at a reduced rate in the past...
I'm all for making the status actually mean something.
Cheers
George
01-23-2013 | 06:18 PM
Happy to be here
Joined: Jun 2006
Posts: 18,563
Likes: 0
From: A-320A
Actually there is a divide...
The real HVCs are feeling vindicated and reaffirmed in their high-roller status
The not-quite there crowd is who is up in arms...
If you look at how large the upgrade list frequently is, there's a sign that some of the benefits have been undervalued and given away at a reduced rate in the past...
I'm all for making the status actually mean something.
Cheers
George
The real HVCs are feeling vindicated and reaffirmed in their high-roller status
The not-quite there crowd is who is up in arms...
If you look at how large the upgrade list frequently is, there's a sign that some of the benefits have been undervalued and given away at a reduced rate in the past...
I'm all for making the status actually mean something.
Cheers
George
01-23-2013 | 06:26 PM
Gets Weekends Off
Joined: Jan 2011
Posts: 403
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Bar,
I'm a HUGE fan of Roth accounts and I'm pretty aggressive about doing Roth conversions, including utilizing this methodology:
The Serial Backdoor Roth, A Tax-Free Retirement Kitty - Forbes
I recently learned that the DAL shares we received as a result of the DAL/NWA merger is eligible for conversion.
Probably the best deal out of the fiscal cliff legislation is a change to the law which liberalizes the rules on what accounts can be converted. The details, as far as Delta and the various 401K plans, haven't been worked out but I would expect Delta to make the necessary plan changes to permit employees to take advantage of this.
While I am frequently critical of ALPA, I do think they have a good handle on this and will push DAL to do the right thing.
With our massive ever-increasing national debt, I personally just can't see tax rates coming down in the future. I'd rather take the tax hit up front, let the money grow tax free, and withdraw it tax free.
I'm a HUGE fan of Roth accounts and I'm pretty aggressive about doing Roth conversions, including utilizing this methodology:
The Serial Backdoor Roth, A Tax-Free Retirement Kitty - Forbes
I recently learned that the DAL shares we received as a result of the DAL/NWA merger is eligible for conversion.
Probably the best deal out of the fiscal cliff legislation is a change to the law which liberalizes the rules on what accounts can be converted. The details, as far as Delta and the various 401K plans, haven't been worked out but I would expect Delta to make the necessary plan changes to permit employees to take advantage of this.
While I am frequently critical of ALPA, I do think they have a good handle on this and will push DAL to do the right thing.
With our massive ever-increasing national debt, I personally just can't see tax rates coming down in the future. I'd rather take the tax hit up front, let the money grow tax free, and withdraw it tax free.
Do you think doing 401k-to-Roth conversions is still a good idea for folks who make less than the $183k cutoff and thus can already contribute the $10k/year to Roth and $17k/year to a deductible 401k or Thrift Savings Plan? Thanks for the info.
01-23-2013 | 07:35 PM
Da Hudge
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
here's another dot:
two dozen current generation 320/737-family aircraft for 1B cash and a trade for some 50-seat RJs..
Delta Said to Talk With Airbus, Boeing on Jet Purchase - Bloomberg
Cheers
George
two dozen current generation 320/737-family aircraft for 1B cash and a trade for some 50-seat RJs..
Delta Said to Talk With Airbus, Boeing on Jet Purchase - Bloomberg
Cheers
George
May I suggest:
01-23-2013 | 07:36 PM
Gets Weekends Off
Joined: Aug 2010
Posts: 2,530
Likes: 0
Bar,
I'm a HUGE fan of Roth accounts and I'm pretty aggressive about doing Roth conversions, including utilizing this methodology:
The Serial Backdoor Roth, A Tax-Free Retirement Kitty - Forbes
I recently learned that the DAL shares we received as a result of the DAL/NWA merger are eligible for conversion.
Probably the best deal out of the fiscal cliff legislation is a change to the law which liberalizes the rules on what accounts can be converted. The details, as far as Delta and the various 401K plans, haven't been worked out but I would expect Delta to make the necessary plan changes to permit employees to take advantage of this.
While I am frequently critical of ALPA, I do think they have a good handle on this and will push DAL to do the right thing.
With our massive ever-increasing national debt, I personally just can't see tax rates coming down in the future. I'd rather take the tax hit up front, let the money grow tax free, and withdraw it tax free.
I'm a HUGE fan of Roth accounts and I'm pretty aggressive about doing Roth conversions, including utilizing this methodology:
The Serial Backdoor Roth, A Tax-Free Retirement Kitty - Forbes
I recently learned that the DAL shares we received as a result of the DAL/NWA merger are eligible for conversion.
Probably the best deal out of the fiscal cliff legislation is a change to the law which liberalizes the rules on what accounts can be converted. The details, as far as Delta and the various 401K plans, haven't been worked out but I would expect Delta to make the necessary plan changes to permit employees to take advantage of this.
While I am frequently critical of ALPA, I do think they have a good handle on this and will push DAL to do the right thing.
With our massive ever-increasing national debt, I personally just can't see tax rates coming down in the future. I'd rather take the tax hit up front, let the money grow tax free, and withdraw it tax free.
01-23-2013 | 07:39 PM
Gets Weekends Off
Joined: Aug 2006
Posts: 303
Likes: 0
From: C130
My favorite pic sans the collection of u-boob pics.
FTB's flow chart was pretty good too though.
I was a big flag waver on the ratio discussions...as in look out that doesn't really protect all that much...but I must say that current trends are encouraging with overall fleet projection rising. No one has totally nailed down organic growth as the reason though so until that happens I won't count chickens.
All said though I'm impressed with the direction of the company. Hopefully economic conditions allow for growth and increased market opportunities vs retrench with the ratios. Fleet plans change but I like the vector!
FTB's flow chart was pretty good too though.
I was a big flag waver on the ratio discussions...as in look out that doesn't really protect all that much...but I must say that current trends are encouraging with overall fleet projection rising. No one has totally nailed down organic growth as the reason though so until that happens I won't count chickens.
All said though I'm impressed with the direction of the company. Hopefully economic conditions allow for growth and increased market opportunities vs retrench with the ratios. Fleet plans change but I like the vector!
01-23-2013 | 07:49 PM
Da Hudge
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
My favorite pic sans the collection of u-boob pics.
FTB's flow chart was pretty good too though.
I was a big flag waver on the ratio discussions...as in look out that doesn't really protect all that much...but I must say that current trends are encouraging with overall fleet projection rising. No one has totally nailed down organic growth as the reason though so until that happens I won't count chickens.
All said though I'm impressed with the direction of the company. Hopefully economic conditions allow for growth and increased market opportunities vs retrench with the ratios. Fleet plans change but I like the vector!
FTB's flow chart was pretty good too though.
I was a big flag waver on the ratio discussions...as in look out that doesn't really protect all that much...but I must say that current trends are encouraging with overall fleet projection rising. No one has totally nailed down organic growth as the reason though so until that happens I won't count chickens.
All said though I'm impressed with the direction of the company. Hopefully economic conditions allow for growth and increased market opportunities vs retrench with the ratios. Fleet plans change but I like the vector!
Will we actually make it back to the pre-merger 12,434 pilot count with 30 more aircraft than we had pre-merger?
01-23-2013 | 07:50 PM
Gets Weekends Off
Joined: Aug 2006
Posts: 303
Likes: 0
From: C130
Will the Roths be tempting targets for new legislation when Uncle Sam gets a good look at that honey pot in 20 years?!?!! That would be nice if we could roll the stock there after it hits 30 or so...at least that's been the subject of a few good dreams
01-23-2013 | 07:55 PM
Gets Weekends Off
Joined: Aug 2006
Posts: 303
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From: C130
We are consistently doing things to make the operation more efficient and cutting time out of the operation. I would say the total count will be no more in the mid term but might cause a short term bounce. I hope that the rate of efficiency doesn't coincide exactly with the rate of impending retirement departures. just a little movement man...please?
01-23-2013 | 08:43 PM
Gets Weekends Off
Joined: Jul 2006
Posts: 1,724
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From: Boeing Hearing and Ergonomics Lab Rat, Night Shift
Fleet . . Pilots . . Ratio
767 . . 12,434 . . 16.21 (merger ratio)
720 . . 11784 . . 16.37 (current ratio)
[email protected] = 12,903 (merger ratio)
[email protected] = 13,030 (current ratio)
The question is, if we are overstaffed with 11,784 pilots and a fleet of 720 jets, what level are we overstaffed by?
The 15 pilots/plane number was bantered about in the 717 fleet discussion. Some fleets might be lower, with augmented crews some fleets are higher, so its's about a wash. At a ratio of 16 pilots/plane you got quite a few guys in training but that's not an unlikely scenario...
Current [email protected] = 11,520 (that would mean we are overstaffed by 264 right now)
Future [email protected] = 12,736 or roughly +1000
Cheers
George
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