Originally Posted by Timbo (Post 1629261)

Here's some quick math to keep you up late...

A Billion dollars is a thousand Million dollars. When the company flushed our DB plan (with DALPA's blessing) to the PBGC, the Delta (south) DB plan was about 4 Billion 'underfunded', because Delta hadn't made -any- contributions to the plan during the Dot Com stock market boom.

With last year's 2.7 Billion, and this year's 3.7 Billion earnings forecast, the company could have put $4 Billion (4,000 Million) into our DC plans to make us nearly whole, to replace our DB plan, and still had "Record Earnings" in each year ($1.7 Billion in each year, while putting $4 Billion into our retirement plans).

Yeah, most of that money Delta is "Earning" is actually due to the PILOT contributions, through the loss of our DB plans and our pay cuts.

My 42% pay cut alone has been about $100,000 per year, for 10 years, which is $1 Million, PLUS my DB plan was worth $1.4 Million, 10 years ago. And there are at least another 1000 guys in my situation.

So put me down for a $2.4 Million contribution over the past 10 years, times 1000 others, we paid for the first $2.4 Billion of Delta's record earnings, but at least I'll get $4,000/mo. from the PBGC when I retire...so I've got that going for me.

Not even a thank you note from Richard...who, bye the way, got a 42% raise last year.:rolleyes:

Originally Posted by forgot to bid (Post 1629225)

Richard H. Anderson
the way our pilot agreement was already set up, we had a fair amount of flexibility in terms of being able to manage to the new rules

Originally Posted by Timbo (Post 1629261)

Here's some quick math to keep you up late...

A Billion dollars is a thousand Million dollars. When the company flushed our DB plan (with DALPA's blessing) to the PBGC, the Delta (south) DB plan was about 4 Billion 'underfunded', because Delta hadn't made -any- contributions to the plan during the Dot Com stock market boom.

With last year's 2.7 Billion, and this year's 3.7 Billion earnings forecast, the company could have put $4 Billion (4,000 Million) into our DC plans to make us nearly whole, to replace our DB plan, and still had "Record Earnings" in each year ($1.7 Billion in each year, while putting $4 Billion into our retirement plans).

Yeah, most of that money Delta is "Earning" is actually due to the PILOT contributions, through the loss of our DB plans and our pay cuts.

My 42% pay cut alone has been about $100,000 per year, for 10 years, which is $1 Million, PLUS my DB plan was worth $1.4 Million, 10 years ago. And there are at least another 1000 guys in my situation.

So put me down for a $2.4 Million contribution over the past 10 years, times 1000 others, we paid for the first $2.4 Billion of Delta's record earnings, but at least I'll get $4,000/mo. from the PBGC when I retire...so I've got that going for me.

Not even a thank you note from Richard...who, bye the way, got a 42% raise last year.:rolleyes:

Originally Posted by Timbo (Post 1629261)

Here's some quick math to keep you up late...

A Billion dollars is a thousand Million dollars. When the company flushed our DB plan (with DALPA's blessing) to the PBGC, the Delta (south) DB plan was about 4 Billion 'underfunded', because Delta hadn't made -any- contributions to the plan during the Dot Com stock market boom.

With last year's 2.7 Billion, and this year's 3.7 Billion earnings forecast, the company could have put $4 Billion (4,000 Million) into our DC plans to make us nearly whole, to replace our DB plan, and still had "Record Earnings" in each year ($1.7 Billion in each year, while putting $4 Billion into our retirement plans).

Yeah, most of that money Delta is "Earning" is actually due to the PILOT contributions, through the loss of our DB plans and our pay cuts.

My 42% pay cut alone has been about $100,000 per year, for 10 years, which is $1 Million, PLUS my DB plan was worth $1.4 Million, 10 years ago. And there are at least another 1000 guys in my situation.

So put me down for a $2.4 Million contribution over the past 10 years, times 1000 others, we paid for the first $2.4 Billion of Delta's record earnings, but at least I'll get $4,000/mo. from the PBGC when I retire...so I've got that going for me.

Not even a thank you note from Richard...who, bye the way, got a 42% raise last year.:rolleyes:

Originally Posted by boog123 (Post 1629169)

You folks ever see a rotation that you are flying (flying now) disappear from your timecard? Max pickup value went up 20 hours, but rotation is still on calendar. Not showing up on timecard though. Did I disappear?

Originally Posted by forgot to bid (Post 1629225)

Helane R. Becker – Cowen and Company, LLC
Okay. Thank you. And then just on the new pilot rules that went into effect in early January. Can you just talk about where the cost associated from that would be and whether or not – and how you’re able to handle that successfully?
Richard H. Anderson
We’ve been able to handle it from an operating perspective incredibly successfully, and Jill how many perfect completion factor days do we have?
Paul A. Jacobson
We’ve got 24 year-to-date.
Richard H. Anderson
We have 24 perfect completion factor days year-to-date. And we’ve been able to manage through that actually quite effectively because the way our pilot agreement was already set up, we had a fair amount of flexibility in terms of being able to manage to the new rules and we put a lot of work into our systems and our planning in advance of 117. In fact, we asked the FAA to let us start a little bit early so that we could have it for the full month of January for the purposes of planning. So you see it or not, we don’t break out separately that kind of detail in our non-fuel CASM, but you can see overall our non-fuel CASM in the quarter was excellent.
Glen W. Hauenstein
I would just also add that practically our operational control center manages that on a daily basis to mitigate the impact.

Originally Posted by Scoop (Post 1629306)

The above does not surprise me for two reasons:

1. I think the final 117 rules that went into effect have been watered down quite a bit while being developed. Hell, in some cases it actually seems a step back from the previous rules.

2. Our PWA was pretty good regarding crew rest/duty so we are not affected quite as much as some carriers that basically flew to the FARs.

On a 1-10 scale with 1 being great and 10 being crap as a domestic 737 pilot I personally rate the new rules a 4.5. I am sure some of the international guys may have a different opinion.

Also the jury is still out on the difference of opinion we have with management on the reserve acknowledgment issue. How that is adjudicated could change my opinion.

Scoop

Originally Posted by tsquare (Post 1629091)

Yeah, your buddy got me.... killjoy...

That information is meant to be disseminated. That's why they tell us, because they know we cannot keep our big mouths shut. The thing we are not supposed to do is put a name with a specific statement. Like... [redacted] But.... it is intended to be done face to face, not thru the interwebs via Flyboy1.

To answer orvils question, we do not sign nondisclosure statements per se, but I will not discuss things said there on the forum other than to verify when those statements have been proven true. (And many have so far) For that reason I have been accused of being "coy" (right scambo?) ;) but that is not the case.

It was fun while it lasted.

Originally Posted by Scoop (Post 1629306)

The above does not surprise me for two reasons:

1. I think the final 117 rules that went into effect have been watered down quite a bit while being developed. Hell, in some cases it actually seems a step back from the previous rules.

2. Our PWA was pretty good regarding crew rest/duty so we are not affected quite as much as some carriers that basically flew to the FARs.

On a 1-10 scale with 1 being great and 10 being crap as a domestic 737 pilot I personally rate the new rules a 4.5. I am sure some of the international guys may have a different opinion.

Also the jury is still out on the difference of opinion we have with management on the reserve acknowledgment issue. How that is adjudicated could change my opinion.

Scoop

Originally Posted by Timbo (Post 1629261)

Here's some quick math to keep you up late...

A Billion dollars is a thousand Million dollars. When the company flushed our DB plan (with DALPA's blessing) to the PBGC, the Delta (south) DB plan was about 4 Billion 'underfunded', because Delta hadn't made -any- contributions to the plan during the Dot Com stock market boom.

With last year's 2.7 Billion, and this year's 3.7 Billion earnings forecast, the company could have put $4 Billion (4,000 Million) into our DC plans to make us nearly whole, to replace our DB plan, and still had "Record Earnings" in each year ($1.7 Billion in each year, while putting $4 Billion into our retirement plans).

Yeah, most of that money Delta is "Earning" is actually due to the PILOT contributions, through the loss of our DB plans and our pay cuts.

My 42% pay cut alone has been about $100,000 per year, for 10 years, which is $1 Million, PLUS my DB plan was worth $1.4 Million, 10 years ago. And there are at least another 1000 guys in my situation.

So put me down for a $2.4 Million contribution over the past 10 years, times 1000 others, we paid for the first $2.4 Billion of Delta's record earnings, but at least I'll get $4,000/mo. from the PBGC when I retire...so I've got that going for me.

Not even a thank you note from Richard...who, bye the way, got a 42% raise last year.:rolleyes: