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The Refinery reduces the cracks spread, hurting it's own profitability. However, the money saved by keeping demand speculation out of the market has a larger overall benefit to Delta. Of course it benefits US Air, United and Southwest too. We are taking one for the team.
How much was our share of Virgin's losses? Some where north of the purchase price if I recall. (From my phone) |
Originally Posted by Bucking Bar
(Post 1629486)
The Refinery reduces the cracks spread, hurting it's own profitability. However, the money saved by keeping demand speculation out of the market has a larger overall benefit to Delta. Of course it benefits US Air, United and Southwest too. We are taking one for the team.
How much was our share of Virgin's losses? Some where north of the purchase price if I recall. (From my phone) |
Originally Posted by sailingfun
(Post 1629491)
Virgin was another negative. I think it was 26 million.
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Originally Posted by tsquare
(Post 1629478)
Anybody own AAPL? Holy smokes!
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Originally Posted by duder
(Post 1629500)
They had to do something T. AAPL stock has done nothing in the last year. Not sure if your an Apple user but there are rampant rumors of the iPhone 6 being delayed til next year now due to battery issues and that is bad news for the company. iPhones have been coming out like clockwork for the last 5+ years. The buy back seems like a nice way to distract the share holders if this is in fact true.
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Originally Posted by duder
(Post 1629500)
They had to do something T. AAPL stock has done nothing in the last year. Not sure if your an Apple user but there are rampant rumors of the iPhone 6 being delayed til next year now due to battery issues and that is bad news for the company. iPhones have been coming out like clockwork for the last 5+ years. The buy back seems like a nice way to distract the share holders if this is in fact true.
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Originally Posted by flyallnite
(Post 1629474)
We've been 'told' time and time again that a strong healthy balance sheet will be the best route to more compensation. So far, I've (personally) not seen it. I for one am tired of trading productivity and approved harassment for a few extra dollars, all the while I'm flying more and getting nickled and dimed by medical expenses (anybody looked at our vision plan? We're pilots for crying out loud!) and reduced profit sharing. And now we are even 'negotiating' to keep a part of our contract in force! If people aren't willing to tell DALPA enough is enough, by way of rejecting any future agreement that doesn't measure up to our level of contribution to the bottom line, then we deserve what we get, which I assure you will be more of the same. There are many ways to increase compensation without scaring off investors or starting a riot among non contract employees. More 401K, better trip and duty rigs, better compensation for training and vacation, and a much, much better medical plan for starters...
If I'm not mistaken, a few years ago, RA was talking about getting to 8-10% margins, as that would be a commendable goal for an airline (I agree). The employees would benefit from a stable company. Now we're talking 15%? I'm not really feeling the increased benefits of having the extra stability that 15% represents, vs. 10%. Seems like 10% is sufficiently stable, and the 5% is gravy. I think we have a legitimate claim to a substantial portion of the gravy. |
Originally Posted by tsquare
(Post 1629456)
DAL $444 profit
AAL close to $400 profit LUV $126M profit UAL $609M loss.... ouch. Smisek is the worst CEO outside of Obama. If it's about financials, in which direction has the budget deficit been going? ;) |
Medical benefits are a dead stick due to Obamacare, don't waste negotiating capital on that. You could negotiate the best medical coverage the world has ever know, and the company can simply dump it to the ACA.
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Originally Posted by flyallnite
(Post 1629474)
We've been 'told' time and time again that a strong healthy balance sheet will be the best route to more compensation. So far, I've (personally) not seen it. I for one am tired of trading productivity and approved harassment for a few extra dollars, all the while I'm flying more and getting nickled and dimed by medical expenses (anybody looked at our vision plan? We're pilots for crying out loud!) and reduced profit sharing. And now we are even 'negotiating' to keep a part of our contract in force! If people aren't willing to tell DALPA enough is enough, by way of rejecting any future agreement that doesn't measure up to our level of contribution to the bottom line, then we deserve what we get, which I assure you will be more of the same. There are many ways to increase compensation without scaring off investors or starting a riot among non contract employees. More 401K, better trip and duty rigs, better compensation for training and vacation, and a much, much better medical plan for starters...
As a NB FO, my 2012 versus 2013 compensation increased 27% for the same number of workdays. The medical plan increases were more than offset by the health rewards dollars, so my medical increase was 0%. |
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