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Originally Posted by SailorJerry
(Post 1350185)
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Originally Posted by Bucking Bar
(Post 1350172)
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. |
Originally Posted by Wasatch Phantom
(Post 1350182)
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. 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. |
Originally Posted by Wasatch Phantom
(Post 1350182)
No Sink, you didn't understand...
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. 1) I wasn't banking on retro, which strikes me as more of an oddity than "historical fact". Small signing bonuses are not rare, but retro? So I looked at two options: the one offered, and the normal track, probably with no retro. 2) WRT TVM, I'm not trying to craft an Economics thesis here. I'm more describing the value of the deal then, under the environment we were in, vs. the value of a hypothetical deal at some time in the future, when our leverage might be up, or it might have been down. Things look a lot better today than they did last summer, from a macroeconomic standpoint. I personally was fairly optimistic, but I was willing to test my optimism in the stock market, not so much the stock market and the job. 3) WRT timing, I was somewhat swayed by the idea that we were going to see follow-on pieces. If nothing else, I assumed we would need extensive negotiations, based on the new FTDT. I expected to see additional deals, mergers or alliances, that would give us more incremental gains. I have doubts about that logic now, but it's still early in the game. 4) WRT payrates, they really weren't such a big piece of the puzzle for me. I was more swayed by the certainty of the deal, the up-gauging piece, and the expectation of continued gains through engagement. It remains to be seen whether constructive engagement is still working. I think it's a given that any strategy or tactic is bound to fail if not constantly adapted to circumstances, and so we're eventually going to be so complacent, that we're going to take one on the chin. In particular, I don't think we're very good at following all the piecs on the chessboard, just because we're allowed to see some confidential moves. I continue to judge the TA by the situation as it unfolds, but I'm not losing much sleep over the payrate angle. I'm comfortable with that. Let's not be hypocritical, by the way: none of us knew where the economy was headed last year. The cost of locking in something reasonable always seem high, in hindsight, when things go well. Had the economy tanked, we would feel like geniuses. So, while I wouldn't describe myself as content, I also don't regret my vote. My remaining concerns center around the trade-offs in other areas, particularly advancement. So far, I'm still leaning towards saying it was a smart TA. |
Originally Posted by Wasatch Phantom
(Post 1350182)
No Sink, you didn't understand...
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. I'm not sure what leverage we thought we had. |
Originally Posted by Falcon7
(Post 1350243)
I don't believe the AA or US pilots will get full retro for the many years they've spent negotiating. You may be assuming too much if you think that somehow we would have completed section 6 any faster than the other guys and received full retro for years of flat wages, when others have not.
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. |
Just saw the following in PBS:
"The cities below are now being operated under domestic FARs • MGGT/GUA; GUATEMALA/LA AURORA" Does this mean no 24 Hr short call Res? And does anyone know when we are going to go to "Zones" for short call for Intl? Baja. |
Woohoo, the now-you-see-it, now-you-don't RJ Gates at T4 are getting the go-ahead!
Delta Air Lines and PANY Unveil Plans for Next Phase of Terminal 4 Expansion at JFK Airport - Feb 11, 2013 ADDITION OF 11 GATES CONTINUES DELTA'S INVESTMENT AT JFK HUB... ...With the new expansion, Terminal 4's Concourse B will house 27 Delta gates and completely replace Delta's current Terminal 2 regional jet operation... ...Once the new Terminal 4 opens in May, Delta will more than double the current shuttle bus operation for passengers connecting between Terminals 2 and 4. Ten buses will carry connecting passengers between the existing bus holdrooms in Terminals 2 and 4. By September 2013, Delta will open a new 8,000 square-foot bus holdroom facility adjacent to gate B20... http://cdn-www.airliners.net/uf/1078...php9nsgYa.jpeg Cheers George |
Originally Posted by Bucking Bar
(Post 1350246)
Is there any accounting for the fact Delta has shrank nearly 20% (18% actually) since the merger in 2008?
I'm not sure what leverage we thought we had. Anyone else find it odd that AA/US, Alaska and CAL/UAL are hiring and posting bids with upward movement and have wide bodies on order while we keep MDing into smaller equipment, leasing old vs purchasing new (refleeting long term )? I find it deeply troubling. |
Originally Posted by TOGA LK
(Post 1350254)
My buddy at AA is getting nearly $150k in their 13% equity stake in the company. That doesn't include his frozen pension or $400k cash into a third party retirement account.
TEN |
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