Any "Latest & Greatest" about Delta?

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06-07-2014 | 09:01 AM

#159621

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

Likes: 1

Tsquare has probably made seven figures off Delta stock by now, he's been saying on here for years he's been buying, why the hell would he want that gravy train to stop?

06-07-2014 | 09:01 AM

#159622

marcal

Line Holder

Joined: Sep 2005

Posts: 1,393

Likes: 127

Hi,

I was wondering if someone could answer this question about the Delta B-Plan retirement?

Will I have the ability to invest in low-cost index funds i.e. Vanguard type within the plan, or do I have to choose from a bunch of expensive mutual funds that the provider offers?

Thanks!

06-07-2014 | 09:06 AM

#159623

scambo1

The Brown Dot +1

Joined: Jun 2009

Posts: 7,775

Likes: 0

From: 777B

Quote:

Originally Posted by marcal

thru the brokeragelink - something you set up within the plan, you can trade virtually anything. It is really a strong tool.

06-07-2014 | 09:07 AM

#159624

gloopy

Gets Weekends Off

Joined: Jul 2010

Posts: 12,831

Likes: 172

From: window seat

Quote:

Originally Posted by DALMD88FO

I think it matters less and less what the other airlines are doing. This management team has consistently said we want to be viewed as a leading transport company not just an airline company. So let's use that when we demand our restoration. Management cannot say to investors we are a leading transport company and tell us in negotiation we are an average airline.
Pay up

Quote:

I agree we have no peer in the industry, however this was posted on the UAL/CAL part of this website

1) Why are our pay rates less than DAL?
· Overall total contract value in 2013 matches DAL, then surpasses DAL in 2014
· We could have matched DAL pay rates in 2013 but we put the money in other areas of the contract
o 2013 our B/C fund defined contribution is 2% greater than DAL
o 2013 profit sharing percentage is greater than DAL
o Vacation value is greater than DAL
o Health care plans are better than DAL
o M5D rig will increase our W-2 compared to DAL despite lower pay rates

So we can move up in these areas if they are true.

The key takeaway IMO for this is the differential now is much lower than in 2012. Same for AA and the old OMGWTF USAir contract. Not to mention our company is doing way better now than it was doing then, with an even brighter projected future. They are literally scrambling around trying to find places to dump money. They are flushing over 2 billion into a black hole that won't help the company long term and they are still rolling in it.

We can make very good gains without having to "United Plus" anyone.

I do worry a little about not making enough gains. I worry way more about how much we may end up "paying for" whatever gains we get.

06-07-2014 | 09:43 AM

#159625

shiznit

Gets Weekends Off

Joined: Feb 2009

Posts: 2,642

Likes: 0

From: right for a long, long time

Quote:

Originally Posted by DALMD88FO

I agree we have no peer in the industry, however this was posted on the UAL/CAL part of this website
1) Why are our pay rates less than DAL?
· Overall total contract value in 2013 matches DAL, then surpasses DAL in 2014
I'm unconvinced their contract value is higher.... but nobody on here has shown the evidence (including me)
· We could have matched DAL pay rates in 2013 but we put the money in other areas of the contract
o 2013 our B/C fund defined contribution is 2% greater than DAL
Presently the UCAL DC is only 1% more than us
o 2013 profit sharing percentage is greater than DAL
In 2013, they didn't exceed the DAL actual profit sharing; in 2014 going forward, the UCAL profit sharing plan is LESS than DAL
o Vacation value is greater than DAL
Both UAL and DAL pay 3:15 for each vacation day
( but they get an extra week at yr 11 and 25)
o Health care plans are better than DAL
This is true, AFAIK
o M5D rig will increase our W-2 compared to DAL despite lower pay rates
The "M5D" is an ADG of 5:00. The LOA puts DAL above that at 5:15.

So we can move up in these areas if they are true.
AGREED!

It is my opinion that the UAL pilots do not create higher W-2's than DAL pilots. There are other considerations however, and it's a lot of apples v. oranges (think DH and dry cleaning v. reserve rules and 1CA3FO on 8:00-12:00 flts). How the value totals up in the end is up to the experts, but from what I've seen of my friends at UAL and what they are taking home (and how much time at home they get), I would not want to work under their UPA instead of ours.

Overall UALPA did get dang close in total value, AMR eliminated the "LCC anchor" and has a "pay rate parity review" in 2016. All of that plus working for a very profitable DAL enterprise with little debt and strong positive cash flow bodes very well for us in 9 months (much like 2000).

I truly don't care about seeing survey results... I really only care about seeing actual results**.

**My W-2 was up 23.6% YOY 2012 versus 2013 (for working the same # of days)
My 2013 versus 2014 gross (excluding PS) is up 26.7% YTD.
(in same seat for the entire time)

I'm leaning towards calling those real results, YRMV.