Any "Latest & Greatest" about Delta?
Can't abide NAI
Joined: Jun 2007
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
I imagine we might be looking at a next gen IFE / Internet / Comm / Flight Bag concept.
A tablet would be a lot cheaper and more upgradeable than the Panasonic system.
Gets Weekends Off
Joined: Apr 2008
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DALPA's argument was we are getting this deal now, as opposed to negotiating for say another year or two. They more-or-less admitted the "pay raises" (more correctly partial restoration) were not very large, but then justified them with the TVM argument.
If interest rates are say 2% per year, then negotiating for an additional 12 months costs you 2%. But if you then got a "raise" greater then 2% you come out ahead. If I still haven't explained it well enough I suggest you Google "time value of money" and hopefully someone else will do a better job than I. (My (admittedly meager) excuse is my finance degree is over 30 years old.)
Yes, we got a 4% increase last July 1, but historically speaking any increases after the amendable date are paid to the pilots as "retro pay". So the new contract got you six months of a 4% increase.
Interest rates are literally at record lows, which means the TVM is also at record lows. The incentive to negotiate a fast (but mediocre) contract wasn't there if money is cheap as it is now. Perhaps you're happy with our contract and the pay raises - I was stunned at how poorly DALPA negotiators did, and what the pilot group settled for.
Generally speaking it's better to negotiate when the economy is healthy. Clearly the US and world economies are struggling, yet Delta is making record profits. As the economy picks up steam Delta will make even more money yet we've locked ourselves out of that, indeed partially negotiated that away in the form of reduced profit sharing.
Again, If you're content, I'm happy for you. Of the First Officers I fly with a substantial percentage have been narrowbody First Officers for well over 10 years. I think it's fair to say in many cases money is "tight" at their households. When the transmission craps out on their 10 year-old car with 150K on the odometer it's big deal. They white slip above the ALV not because they want to, but because they have to. Similarly they take advantage of the pay/no credit for vacation because they "have to" to make ends meet.
Gets Weekends Off
Joined: Feb 2012
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From: A big one that looks like a little one
Got no idea what is up, but one of our 737's was used as a testbed for wireless internet technology block to block. During recurrent there was mention made of seeing a few extra antennae.
I imagine we might be looking at a next gen IFE / Internet / Comm / Flight Bag concept.
A tablet would be a lot cheaper and more upgradeable than the Panasonic system.
I imagine we might be looking at a next gen IFE / Internet / Comm / Flight Bag concept.
A tablet would be a lot cheaper and more upgradeable than the Panasonic system.
Moderator
Joined: Oct 2006
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From: B757/767
Line Holder
Joined: Nov 2009
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From: C560XL/XLS/XLS+
All of you discussing babies, reminds me of the payraise I got when they were out of diapers/ pull ups. Looking forward to grand babies now.
ATL A320 B
Joined: Oct 2009
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From: No longer MEM or 9, but still a guy.
Disclaimer: I am a reserve guy, so WS does not come in to play for me. I am junior in a small category so GS don't make it down to me either. I see the the GS system help the same handful of people month after month, and not really get spread around much.
Last edited by Mem9guy; 02-11-2013 at 07:00 AM. Reason: Disclaimer addd
Can't abide NAI
Joined: Jun 2007
Posts: 12,078
Likes: 15
From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Got no idea what is up, but one of our 737's was used as a testbed for wireless internet technology block to block. During recurrent there was mention made of seeing a few extra antennae.
I imagine we might be looking at a next gen IFE / Internet / Comm / Flight Bag concept.
A tablet would be a lot cheaper and more upgradeable than the Panasonic system.
I imagine we might be looking at a next gen IFE / Internet / Comm / Flight Bag concept.
A tablet would be a lot cheaper and more upgradeable than the Panasonic system.
Banned
Joined: Oct 2012
Posts: 335
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The TVM means different things for different folks. If you leave $100k in the company's pockets while you negotiate, then get maybe half of that back in the form of a signing bonus, like the UCAL pilots did, then you're already starting in the hole at the DOS in just cash, we haven't even started to add in lost earnings on the cash left in the company's pockets.
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. I'd take the relief. My wife isn't thrilled about me working 7 straight! Not a DAL pilot..... Just a wannabe!


