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-   -   Any "Latest & Greatest" about Delta? (https://www.airlinepilotforums.com/delta/36912-any-latest-greatest-about-delta.html)

gloopy 05-24-2013 09:29 AM


Originally Posted by Denny Crane (Post 1415108)
Just spitballin' but couldn't JB's move to increase competition on routes with major carriers be an attempt by their management to get one of said major carriers to purchase/merge with them?

Denny

That's probably a major part of it, although never underestimate the arrogance of an anemic route map's manifest destiny in the eyes of its beholder. At the fantasy phase, who wouldn't want to monetize theoretical growth potential? Hence the massive collective order books for the so called "LCC's". There is clearly no room for anywhere near that much additional domestic capacity. Arguably any at all, really. Yet billions are being bet on that gamble right now. They are also high on the progress they made during the "lost decade" which wasn't just an era of pilot devaluation. That is reversing, sharply, for the legacy carriers, yet some keep putting their chips on the same roulette number that hit last time because hey, it hit last time, so...

They are also rapidly diverting cash to "internal investments", some of them quite "contrarian", in a move that many say is perfectly orchestrated to position themselves to participate in consolidation one way or the other. I think their days as a stand alone are limited either way though. That said, and while a SWA takeover/fragmentation is still my prediction for them, this latest series of moves does seem to be more directed at agitating the legacies in an attempt to force someone's hand or, if nothing else, to get some more bidders in on things to drive up the price.

Carl Spackler 05-24-2013 09:31 AM


Originally Posted by Bucking Bar (Post 1415104)
Carl,

Our MEC both collectively and to a man can not under ALPA's Constitution advocate leaving ALPA.

We're not YET advocating that Bar. Only if Moak refused to apologize and pledge to never do it again.


Originally Posted by Bucking Bar (Post 1415104)
ALPA has a number of remedies and would likely throw the MEC into receivership ...

If Moak refused to abide by the letter and we decided to build a new union that actually is the exclusive bargaining agent for Delta pilots, who would care if ALPA put us into receivership. We would have effectively fired ALPA at that point.


Originally Posted by Bucking Bar (Post 1415104)
nothing of that sort is going to happen ... so lets go back to the real World.

Bar, if you don't think this is real world, you're doing nothing but practicing your typing skills. If you're unwilling to go to the mat on the question of whether DALPA has the exclusive right to bargain for Delta pilots, then you're just blathering.


Originally Posted by Bucking Bar (Post 1415104)
Just as ACL65 suggested, people need to continue to bring concerns with representational exclusion to their Reps. There is a perception that Delta pilots do not care about this issue.

That's the premise here Bar. The pilots are angry about this issue and the reps are aware. The question is, now what? What action is THIS MEC willing to take. How far are they willing to go? I want answers to those questions. I think they are fair questions.

Carl

gloopy 05-24-2013 09:37 AM


Originally Posted by forgot to bid (Post 1415195)
It's the bet I'd make too but with 3K orders already amassed you could get bit if MAX/NEOS turns out to have been the right move and your oldest airplanes start to become a headache.

So I think it's still a gamble but probably a safe bet. The other airlines see their bets as safe too I guess.

Question though. In the years to come the 738 will begin to approach the 20 year old mark. I'm sure there will be a plethora on the open market and probably cheap by then. The only question is how expensive are these NEOs in bulk?

I think DL could get NEO'ss or MAX's if it wanted to, no problem. Many of those 3000 orders are probably just options that will never be exercised, and many more were probably placed by leasing companies for the exclusive intent to flip. Not to mention DL has 40 optional conversions to prime the pump much earlier even if it comes out of the gate hitting home runs.

gloopy 05-24-2013 09:41 AM


Originally Posted by sailingfun (Post 1415205)
We are gambling on the price of oil pure and simple. If oil goes to 200 a barrel Delta has problems. If it stays around 100 a barrel we come out looking very smart.

More so on the 747-400 rumor but even that is only 6-12 planes so either way wouldn't be a game changer. The MAX/NEO order book hysteria just doesn't pan out. At 200+ oil you will have demand destruction and a crappy economy anyway. You may want some bleedless test flight tech if thats the case, but I doubt you'd want to be sitting on 800 of them at those prices.

We will get them, and the 787/350 stuff too. But there is no need, and no advantage, whatsoever, to be first in line for any of it. Its just not that miraculous and neither are game changers of any kind.

Going2Baja 05-24-2013 09:44 AM


Originally Posted by The Cavalier (Post 1415144)
Has anyone here done a mortgage with Delta Community Credit Union (or Wings for that matter)?

If in So Cal I have a person that does no cost loans and will notify you when the rates drop and they can save you some more $$$. I've done 3 w/ her in the past year. Now @ 3.5% and there wasn't a cost to me at all (other than a sore hand after signing papers for hours.) Good luck!! PM me if you'd like contact info.

Baja.

Elliot 05-24-2013 09:46 AM


Originally Posted by The Cavalier (Post 1415144)
Has anyone here done a mortgage with Delta Community Credit Union (or Wings for that matter)?


USAA was very competitive 3 years ago however they were not even close last fall.
My suggestion, stay FAR, FAR, ...............FAR AWAY from USAA Mortgage Services!! :mad:

I recently purchased a property through USAA Mortgage & it was, by far, the worst experience I've ever encountered! If I wasn't pushing the expiration if the contract, by almost missing the closing date, I would've dropped USAA like a hot lava rock in Hawaii.

There are also at least two threads in the "military" section of this forum on how horrible they are, & how people have discontinued their business with USAA after XX years. I still have my banking & insurance through USAA, but only because I haven't taken the time to transfer my accounts to another bank.

I'd recommend, & plan on doing the same when I purchase an additional property, is to go through your local hometown bank. Yes, they're still bound by the Federal Banking regulations, but it's so much nicer to be able to talk with someone in-person about a question either they or the underwriter's have, versus having to try and explain it to "one of a thousand" call center representatives, who are just trying to make sure you have a "pleasant experience during your phone call today, sir/ma'am". :mad:

Just my $0.02. Good luck.

GJ

FrankCobretti 05-24-2013 10:01 AM

Navy Federal now serves all the branches. I've done all my mortgages with them and have been happy every time.

Bucking Bar 05-24-2013 10:06 AM


Originally Posted by sinca3 (Post 1415143)
Good interview and insight into our CEO's view of the industry:
Delta CEO Richard Andersen on Airline Industry: Video - Bloomberg

Thanks Sinca

firstmob 05-24-2013 10:13 AM


Originally Posted by gloopy (Post 1415218)
I think DL could get NEO'ss or MAX's if it wanted to, no problem. Many of those 3000 orders are probably just options that will never be exercised, and many more were probably placed by leasing companies for the exclusive intent to flip. Not to mention DL has 40 optional conversions to prime the pump much earlier even if it comes out of the gate hitting home runs.

Interesting we have 40 Airbus options and the "NEW" rumor is for 10 A330-200's and 30 A321's.:cool:

Bucking Bar 05-24-2013 10:19 AM


Originally Posted by The Cavalier (Post 1415144)
Has anyone here done a mortgage with Delta Community Credit Union (or Wings for that matter)?

Yes. Great service. On my refinance I wanted to use DCU but they could not match the rates and prices offered by competitors on Quicken, Zillow, etc... DCU tends to lag the market, so if rates are going up you can score a great deal. If rates are going down they can not compete.

A word of caution about how you shop if you use Yahoo, Quicken or Zillow. The internet sites sell your query to anyone willing to pay. Your phone will ring, your e-mail will be full, etc ... Might even be worth giving them a discreet phone number to control the hassle factor from telemarketers. I gave an obviously bum number and in the comments asked that they only contact me through an e-mail I had set up specifically for that purpose.

Another word of caution, closing costs and fees. I asked for a pro forma statement, then shopped the product again. None of the really aggressive marketers exactly matched what they held out in their advertising. The market moves very quickly. Depending on your lock the deal they offer changes.

In the end the 1/8th to 1/4 point spread for a truly no closing cost loan (not adding anything to principal) is, IMHO, worth it with rates this low. There are good charting tools. If you are a trend analysis type, you'll have a good idea when to say "lock."

Since all of our mortgages end up with Fannie and Freddie, I don't think it matters who originates your loan ... just shop price.


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