Yup it's always a cumulative look-back of the previous of three years taken on March 30.

But 1.P.4, Note Two permits a one-time 12-month only cumulative loock-back if we reach 49.75%.
1.P.4 Note two then permits any previous year underages will be discarded...

Delta could technically still use this provision in 2015, looking back 12 months and meet the letter of the contract.

Cheers
George

Then I'll make a table off known data, graph it, and then be called a liar.
Then it'll pass and the next earnings investor call would prove the no votes were more correct then we knew and something something USAPA...

Well they did make it below flaps 40 extension speed a few seconds before touchdown. Besides, aren't the mains rated for 10'/sec? What is the rating on the nosegear? Indestructible? Apparently not.

In other news Steve Ballmer of Micrsoft said their company is sitting on nearly a billion dollars worth of unsold Windows RT Tablets. New models are about to come out and that's a lot of unsold versions sitting around. Fire sale prices to the public will only saturate what little demand there is.

I can think of one way to unload those things .....

Ballmer: Microsoft made too many Surface RT tablets | News | PC Pro

From all the publications it seems like a lot of new routes are starting up, specifically 767 flying.

75% of DAL's revenue block hours should come in to play in a big way, but I find it very unlikely that the company on the VS or DAL side of the fence or the VS Pilots Represented by BALPA would every agree to anything that would take that much flying away from VS. If they did, I bet the British government would step in and stop the slot transfer from a British company to a company run by Yanks.

Might get that flying with all growth to the point going to the DAL side and then future growth on a size and scale weight to our side (70%), but an immediate shift of flying and loss of British jobs would result in UK Government intervention.

If you say pound sand unless, then the other option is no JV and a CS agreement only that protects current block hrs on a 12 month pre announcement look-back but offers no metric or negotiated share of the possible growth. Not that there will be much in a ultra-mature market and the tightest slot controlled airport.

Our bigger concern should be beyond flying that has no CS rights for DAL that will allow DAL to flow customers away from current DAL metal to VS metal with 49% of the profits still going to DAL, and with absolutely no current protections to stop it.

Must say, I never get tired of seeing the Delta sign above "Braves Win" at Turner Field, especially when they beat the Cards!

Braves.... Oh, you mean the Card's doormat to the postseason these last few years?. Unlike the Braves, the Cards get it done in when it matters!

PS. The 'tomahawk chop' maybe the dumbest thing in sports. Rant over.

Okay George, how 'bout this: That note 2 revolves around a 3 year measurement period. The first 3 year period is up 3/31/14. Do you think the company is going to reach 49.75% in any year of the current 3 year window ending 3/31/14? If not then it seems to me that Note is moot. There is no reset of the beginning of the 3 year measurement period. It doesn't say they can do it in the 4th year. It has to be done in one of the 3 measurement years. At least that's the way I read it.

Back at ya!:)

Denny

I'm not advocating removing flying from other pilots.
We never have had that level of control nor could we ever realistically expect that.

Our only bargaining partner is Delta.

You bring up an interesting point because as Virgin shifts flying from long-haul to medium and short haul to feed their transatlantic network there is a distinct possibility of shifting some current non-stop service to connect via LHR and via Virgin beyond.

The same effect is in fact what has happened with our JV as Delta pulled out of secondary markets in Europe but continuing to serve via AMS and CDG beyond flying that only measures at a 25% level into our EASK numbers..

Cheers
George