$2.75 billion in buybacks and dividends. Do you agree with that?

Near liquidation to buying back stock at 2B plus, not a bad swing.:D

Drive by foul.

Explain your statement with some details.

No trigger. Your GS pay on RES kicks in above guarantee. If you did rolling thunder and every trip was a GS from the beginning of the month and say it was 70 hours of flying, it'd be RES guarantee + 70.

So say you sat RES and flew 0 hours. On the last week of the month you were off and got a 4 day GS worth 20 hours. If your guarantee was say 80, you'd get 80 + 20. 100 hours for 20 hours of flying.

The trigger is for REG line pilots to make sure we fly ALV or 75, whichever is lower, before we start enjoying the spoils of 2x GS pay. So if you had a 80 hour line and picked up a 13.5 hour 3-day on a GS it'd be 80 + 13.5 x 2. If you were 67 hours and picked up the same GS with say a 73 hour ALV then the first 6 hours of that 13.5 hour GS is straight pay then you get double pay. So 67 + 6 + 7.5 x 2.

I am shooting from the hip. I think that's right.

FWIW, go on to the DALPA site and look up CA 09-12. It is for the old contract but it had all of the NWA merger "get to know your contract" type documents. It was great, I learned a lot from reading those.

Are there any RJs we can list S2 on?

I hear a lot from some on here about the gains we've made since ch11, merger etc. Compared to our peers we have done the best of the broke airlines. We know about the gains our mgmt team has made, but there has been some conflicting/difference of opinion on other work groups inside delta. How does one interpret the June 13 addition of the rumour has it on the inflight page?

I don't think so. American didn't take pay rate hits during their bankruptcy. They lost a portion of their pension, and other items - but not pay rates. Their rates were below average among peer airlines when they entered bankruptcy.

I'm not. The 2004 rates were high enough among peer airlines to make them vulnerable. During economic or industry down times, having pay rates that aren't too far ahead of peers helps take them out of the argument that we are the reason our company is losing money. If its not us, it must be our lousy management.

Adjusted for inflation, a 50" flat panel hi-def TV should cost $4,000.

I think they will have to pay us more. We will start negotiating those new rates in less than a year.

What rumor?

MGT has kind of boasted that they have restored everyone's pay to beyond pre bankruptcy levels, but not the pilots.

Very interesting reading about our pay and average daily guarantee.

Interesting to note that gate agents and flight attendants are making more than they were prior to bankruptcy. Sure would be nice if pilots could say the same.

It's also fun to watch management twist themselves into a pretzel trying to explain our average daily guarantee to flight attendants.

Whether we like it or not, management absolutely thinks about the effect on other employee groups whenever they are negotiating with us.