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Originally Posted by sailingfun
(Post 1380362)
What pension scheme? The pension had been in effect since at least the early seventies and was a standard 60% FAE plan.
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Originally Posted by Delta1067
(Post 1380610)
So in a nutshell the same "Whitlow" rule will apply to international with the new rules. I realize it wont be called Whitlow but you will duty out for SC for international in the same amount of time as you would for domestic. Thanks all I was looking for. :D
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Originally Posted by TenYearsGone
(Post 1380579)
And USAir's international operations. Their company views it as a safety issue so they bundled all the flying under Whitlow. Rules of the Road-->Safety is always FIRST!
TEN |
Originally Posted by Ferd149
(Post 1380584)
I tried to read the whole thing but got lost and then lost interest:D I'll try it again "sometime"........
There are a lot of moving pieces to the operation and it's really amazing how well it actually works. Well over 90% of the time everything goes as planned. Generally it's the unexpected things that throw a monkey-wrench into the operation. It's been my experience that when that happens most Delta people pick up the slack and "mask" the problem by making everything work out anyways...
Operational Excellence memo wants us to stop "masking" the problems and let the data speak. The problem is a lot of what we do at work is "masking" the operation's inefficiencies... Where is the cutoff for when to "mask" and when to just go at "normal speed?" When some of the AA pilots stopped "masking" issues caused by other departments what were the results? Again, I want Delta to run as well as the "European Train system" (maybe minus the Italian ;) ) but I don't think Flight Ops is the department in need of significant improvement... Cheers George |
Originally Posted by Delta1067
(Post 1380610)
So in a nutshell the same "Whitlow" rule will apply to international with the new rules. I realize it wont be called Whitlow but you will duty out for SC for international in the same amount of time as you would for domestic. Thanks all I was looking for. :D
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Originally Posted by Dash8widget
(Post 1380625)
Yep - except, I think, pilots who fly with an "augmented" crew will be able to sit SC for a little longer than unaugmented before timing out. But there will be no difference between "domestic" and "international" operations. Like you said ;)
Departing JFK for SEA -> subject to Whitlow 8-hour rest loock-back Departing JFK for SNN -> not subject to Whitlow 8-hour rest loock-back Cheers George |
Originally Posted by georgetg
(Post 1380557)
That's not exactly how percentages work...
A 40% cut on $100 leaves you with $60 But a 40% raise on $60 only get you to $84. You'll need a 67% raise to get back the 40% cut Cheers George
Originally Posted by Imapilot2
(Post 1380578)
yes...although he only just added the percentages up over the seven years...it is not a 35.8 percent raise. From seven years ago, applying those percentages, it would be an 41.7 percent increase by the seventh year. Not full recovery I know but better than a stick in the eye.:)
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Originally Posted by ExAF
(Post 1380642)
My apologies for not whipping out the abacus. I was making a T&C response without making it a basic math discussion. :rolleyes: I'm sure you both get the point that we still aren't anywhere near where we were pre-bk....especially when you consider the "time value of money" and lost pensions.:p
Time-value of money and inflation will have at it and make the number even more eye-watering. Since 2004 inflation is running a compounded 22.9%. Take the 66% required to get the numerical rate and adjust for inflation and you get about 82% to achieve the same buying power... Meanwhile Delta CEO pay is up five-fold in the same period, although I'd argue RA is a magnitude more effective and beneficial to Delta and its stakeholders than the 2004 CEO... I'm glad Wall Street doesn't have a problem with a +500% raise for key personnel to keep the company running well. Cheers George |
Originally Posted by Scoop
(Post 1380475)
Gotcha. Hey, is it 7 crews per A/C or 7 Pilots, now I am not even sure. :confused:
Scoop
Originally Posted by georgetg
(Post 1380622)
sad, but that was my first reaction also :D
There are a lot of moving pieces to the operation and it's really amazing how well it actually works. Well over 90% of the time everything goes as planned. Generally it's the unexpected things that throw a monkey-wrench into the operation. It's been my experience that when that happens most Delta people pick up the slack and "mask" the problem by making everything work out anyways...
Operational Excellence memo wants us to stop "masking" the problems and let the data speak. The problem is a lot of what we do at work is "masking" the operation's inefficiencies... Where is the cutoff for when to "mask" and when to just go at "normal speed?" When some of the AA pilots stopped "masking" issues caused by other departments what were the results? Again, I want Delta to run as well as the "European Train system" (maybe minus the Italian ;) ) but I don't think Flight Ops is the department in need of significant improvement... Cheers George |
Originally Posted by Bucking Bar
(Post 1380435)
Delta might have been setting records, but the music on those records was written during the Continental & US Air bankruptcies. When United filed in 2002 (using the same consulting group already on the Delta property) an astute watcher could correctly assume that the same model was going to be used on Delta. This began before C2K and before 9/11. The decision to strategically bankrupt Delta was probably made with the decision to bring on Leo Mullin with no experience in running an airline ... Leo Mullin was a banker / airline consultant who worked for the firm advising United on their bankruptcy.
So your timeline here is confusing to me...as an "astute watcher" (sic) are you asserting that Delta's bankruptcy was planned during the summer of 1997? Mullin showed up in September of that year. Also, for timeline purposes, which USAir and CAL bankruptcies are you referencing? You realize that the best year of profits for Delta was 1998, right? We recorded a 12% margin and the stock traded at a peak around $140/share that year. 1999 also produced over 10% returns. And the guys that sold their first lot of options made about $30K. The second lot was nearly worthless, and I don't think the 3rd lot ever paid, but the appreciation in stock price and option income was significant (at least for me). Oh, and one other thing, while Mullin proved incompetent at running an airline, he'd been in the railroad industry and helped cobble together what became Conrail from the ashes of 7 other companies. He wasn't just a banker/consultant as you portray him. Fred Reid had been the President and COO of Lufthansa. So there was some airline experience in the executive suite, it was just disconnected from post 9-11 reality.
Originally Posted by Bucking Bar
(Post 1380435)
In the spring of 2000 at a private lunch attended by Hollis Harris and other retired senior management the topic at the table was Delta's unsustainable pensions & pay (not just pilots, although that was a part of the puzzle) and the need for bankruptcy.
Originally Posted by Bucking Bar
(Post 1380435)
IMHO after 9/11 the plan got away from Leo Mullin and senior Delta management. American drastically cut costs and became a competitive monster, as did US Air. Leo, Fred and Michelle's profligate ways immediately put Delta into a much worse situation than they had anticipated. They had intended a well organized "planned burn off" (my term) and they now had an out of control forest fire on their hands.
So while your post is interesting reading, the timeline is very different from the facts as I know them. |
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