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Old 04-02-2014 | 10:46 AM
  #152931  
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Old 04-02-2014 | 10:48 AM
  #152932  
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Default Scope Compliance

I am hoping someone here can fill in the info I am missing here.

The IAAC & Codeshare Presentation dated 15Aug13 claimed the company was on a path to be out of compliance with JV EASKs at the end of the measurement period i.e. Mar14. It further pointed out the path to compliance was rather steep.

The Codeshare Committee Presentation dated 18Nov13 states the company is in compliance with Sec. 1.E. and does the most recent presentation to the MEC dated 17Mar14.

LOA 13-03 [primarily addressed Pacific flying] amended Sec 1.E. but didn't seem to specifically make any changes which would affect the noncompliance situation.

What happened?

1Bob
Old 04-02-2014 | 11:25 AM
  #152933  
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Originally Posted by 1Bob
I am hoping someone here can fill in the info I am missing here.

The IAAC & Codeshare Presentation dated 15Aug13 claimed the company was on a path to be out of compliance with JV EASKs at the end of the measurement period i.e. Mar14. It further pointed out the path to compliance was rather steep.

The Codeshare Committee Presentation dated 18Nov13 states the company is in compliance with Sec. 1.E. and does the most recent presentation to the MEC dated 17Mar14.

LOA 13-03 [primarily addressed Pacific flying] amended Sec 1.E. but didn't seem to specifically make any changes which would affect the noncompliance situation.

What happened?

1Bob
1.E doesn't apply towards the Transatlantic JV.
The applicable section to the TAJV is 1.P.

It was last amended by MOU 14
  • TO signed MOU 14 in June of 2010.
  • Two days ago, the first 3-year look-back period ended on March 31 2014.
  • If the company was found to not meet the goals set in 1.P.4 for the Transatlantic JV, it has another 354 days to make good.

    Let's just hope the company isn't planning on using the 12-month 49.75% loophole to disregard our accrued lower 36-month look-back percentage.

Cheers
George
Old 04-02-2014 | 11:36 AM
  #152934  
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Originally Posted by georgetg
Let's just hope the company isn't planning on using the 12-month 49.75% loophole to disregard our accrued lower 36-month look-back percentage.
I would be very surprised if that wasn't exactly what they were planning on.

Then at the end of the 36 + 12 = 4 year blank check we gave up for the siren song promise of our 50% share of the AZ 2% for a grand total of 1%, they drop AZ and say "no harm no foul, thanks for the free 4 year gift a contract is a contract!"
Old 04-02-2014 | 11:42 AM
  #152935  
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Originally Posted by tsquare
Perhaps. And actually, there has been no order of any kind as of yet. The RFP included just about every thing that flies with 2 aisles, so kind of hard to get excited at this juncture about any of this. We are gonna buy some widebody airplanes. Don't know which ones, or how many, but we are gonna buy some. Good. Some are gonna be replacements for 747s and 767-ERs. Not so good. However, not liking the word "replacement" as you choose to call a doom and gloom position is myopic on your part. It is a very real English word that has in this case the very real intimation of swapping one airframe for another. I will however, stipulate that the growth part of the equation is open ended. An order of 50 widebodies under the auspices of "growth" would be far more exciting for all pilots at the airline. Replacement airframes are like kissing ones' sister. (or so I'm told). I am glad... really.. that you see the glass having something in it, and in most cases I tend to be way more optimistic. In this case however, I am withholding judgement until I see the order and the subsequent fleet retirement plan. If it is net positive, I'll be excited. If not, I will make sure my sister wears my shade of lipstick.
So you would prefer they plan on not ordering any aircraft at all?
Old 04-02-2014 | 11:44 AM
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Originally Posted by Big E 757
Anyone know when we elect what to do with our DC money? I don't want to end up with some crap annuity earning 2% when I could roll it into my 401K

Thanks, Erik
I went over it and the election period should be in April 2014. You can roll it to your DPSP, Fidelity IRA, Other IRA or Company Annuity.

Very important #1. If you dont do anything at all, your your remaining B fund money goes to an annuity. Per law.

Very Very Very Important #2. You need your Spouse's signature for a transfer to your DPSP, FID IRA or Other IRA. If you dont get your Spouse's signature, all your B fund money goes to an Annuity. A bad, very bad ju ju for most of us. Per Law.

Im anxiously waiting for more DALPA correspondence. On the Fidelity website there are 2 older letters.

TEN
Old 04-02-2014 | 12:03 PM
  #152937  
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It's been said before, but the article shows how even the media now, knows Southwest is no longer the "darling" of the industry.

Southwest Airlines, once a rebel, shows its age - - MSN Money
Old 04-02-2014 | 12:18 PM
  #152938  
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Originally Posted by TenYearsGone
I went over it and the election period should be in April 2014. You can roll it to your DPSP, Fidelity IRA, Other IRA or Company Annuity.

Very important #1. If you dont do anything at all, your your remaining B fund money goes to an annuity. Per law.

Very Very Very Important #2. You need your Spouse's signature for a transfer to your DPSP, FID IRA or Other IRA. If you dont get your Spouse's signature, all your B fund money goes to an Annuity. A bad, very bad ju ju for most of us. Per Law.

Im anxiously waiting for more DALPA correspondence. On the Fidelity website there are 2 older letters.

TEN
I just got the latest R&I Report. Window opens April 15th.
Old 04-02-2014 | 12:22 PM
  #152939  
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Originally Posted by TenYearsGone
I went over it and the election period should be in April 2014. You can roll it to your DPSP, Fidelity IRA, Other IRA or Company Annuity.

Very important #1. If you dont do anything at all, your your remaining B fund money goes to an annuity. Per law.

Very Very Very Important #2. You need your Spouse's signature for a transfer to your DPSP, FID IRA or Other IRA. If you dont get your Spouse's signature, all your B fund money goes to an Annuity. A bad, very bad ju ju for most of us. Per Law.

Im anxiously waiting for more DALPA correspondence. On the Fidelity website there are 2 older letters.

TEN
Thanks, just got an email from DALPA on this very subject. I should have waited two hours.

I thought I remembered reading the money went to an annuity if no election was made. I wanted to make sure I didn't forget to make an election. What an expensive mistake it would be having the money grow at 2% for the next 22 years.

Thanks for the response 10YG

Erik
Old 04-02-2014 | 12:23 PM
  #152940  
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Originally Posted by full of luv
Take it to it's logical ending outcome.... US bases isn't their goal, it's cabotage in the worlds biggest airline revenue pie. After the ME companies tear down the us companies they will not be subject to unionization or RLA for better or worse. In fact they would rule the terms of employment. As you said, if you can be NY based you'd go, well once there and they terms just get crappier what would you do then?
This is the winner, they could care less about the bases....its all about cabotage!
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