According to Jerry the deal is already done! Give me a 14% raise today and I am all over it to end the profit sharing.
You were here in 1999 when Delta was generating similar margins and everyone said it was a fundamental change in the industry and profits were here to stay. At the current margins capacity will start coming back into the industry with expansion and new entrants.

 

14% outside of section 6? I'd think about that, but only afterwards. If we had that going IN to section 6, we'd get nothing but a long drawn out fight.

 

How do we do that with the above not being counted as a raise?

I am solidly with Jerry on this one. When we were exiting BK, DALPA lauded the profit sharing - so why ditch it with record profits coming in?

Use common sense and remember our management is always one step ahead of us - if the company wants us to monetize our PS what does that tell you?

Initially I was very skeptical of PS but I trusted DALPA and they were correct - it was/is a good deal.

The industry has indeed changed - we are making record profits with a lackluster economy - when has this ever happened before?

I know that there is a risk with PS but I for one am willing to accept this risk over the risk of monetizing PS and that counting as our raise.

If we do pull in around 12% PS this year I think keeping PS will be high on everyone's survey. Too bad we will not have the final numbers until after the survey is closed.

Scoop

 

I must be misunderstanding you - iF PS came in at 12% this year you would be willing to monetize that for an additional 2% raise for C-2015.

Wow! Do you think a 2% raise would pass ratification?

Scoop

 

You don't necessarily need final numbers. You just need to look trends. Today there are several articles out that show DAL is guiding slightly down in the coming months/quarter. Slightly. I'll still take the chance on the PS. All downward guidance does imho is lower investors' expectations. So if the stock price takes a little hit, I'll buy more on sale. If we overproduce.. stock price goes up. win/win But my main point is that it perceptual at this point, and I still believe that DAL is gonna make good money going forward for any time frame that will involve our contract. YMMV

 

I have stated repeatedly and you know that that it would be above and beyond other gains.
It now looks like the profit sharing this year will be in the 14% range.

 

So this is how you invest your retirement?

Are you willing to bet your nest egg and our next contract on the fact that you "believe that DAL is gonna make good money going forward for any time frame that will involve our contract."

Have you looked at our stock lately?

I mean realllllyy looked at it on a fundamental and technical basis?

Tell us after you go look at a halfway respectable chart, when was the last high? What is the current trend, being that you say you actually look at them, on price and volume?

Here is my point. Stock is an asset that goes up and goes down. The science is buying and selling at the proper time.

Same can be said for profit sharing and hourly pay. First, profit sharing is not to be considered into pay. It is a bonus. Those around here that like to add it to a pay rate and claim higher hourly compensation are delusional.

In that line of reasoning, are these same people going to realize a pay cut to their hourly rates when profit sharing dips or evaporates?

Don't get me wrong. Currently I enjoy my yearly profit sharing bonus.

Point is: Going forward, I would prefer to see a substantial increase in contractually determined pay rates with status quo on profit sharing. No need to trade it for rates as we did before. No need to hope that Delta will continue to do well so that your extra check on Valentines Day shows up.

Profitability can be fleeting. Think anything. ISIS, Ebola, full on Putin Ukraine invasion, Islamic extremist attacks on oil supply/& or Hormuz. You get the point as we could go over scenarios for days.

 

If I may.... Two hands in a bush, if we say no then it could take years to get another, incremental gains, already leading, usair, best they could do otherwise we wouldn't have it to you, get em next time.

 

You seem to be taking both sides of the argument.

 

Sailing,

Thanks for letting me know what I knew - I must have forgot.

Seriously though, I did not know that - thanks for clarifying. You may not believe this, but not every DAL pilot that disagrees with someone is looking for an argument. How about giving your fellow DAL Pilots the benefit of the doubt instead of being trip-wired to critical. I probably agree with you more often than not.

So 14% PS and 14% above and beyond that - I must admit that is very appealing and would be quite tempting.

Scoop