Originally Posted by TheManager

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.

Originally Posted by Will

I guess I am confused on where you get 14%? The contract states that from $0-2.5 billion PTX Levels it's 10% in 2013 and each year thereafter. Over 2.5 billion 20%. As I read the contract it's either 10% or 20%. This is found of page 3-14 of the contract.

Originally Posted by Will

I guess I am confused on where you get 14%? The contract states that from $0-2.5 billion PTX Levels it's 10% in 2013 and each year thereafter. Over 2.5 billion 20%. As I read the contract it's either 10% or 20%. This is found of page 3-14 of the contract.

Originally Posted by sailingfun

If you lock in 25,000 verses a possibility of 25,000 that is a big gain. Delta is now returning yields in line with most companies. It's not likely those yields will go much if any higher. More capacity will flow into the market place preventing that. It's far more likely that Over the next 10 years profits will drop. If they can maintain the yields for a profit increase they will need to expand which means more employees and the same amount of profit sharing per employee.
Again if tomorrow Delta offered a 14% raise to end the profit sharing we should jump all over it. They won't offer it however because it would not be a good deal for management.

Originally Posted by Wingnutdal

I like this thinking. We are one black swan event away from losing a billion a year. And with everything going on in the world today it isn't that far fetched.

And I like the idea of negotiating the rates and then tacking ps on behind it in rates.

Originally Posted by sailingfun

If you lock in 25,000 verses a possibility of 25,000 that is a big gain. Delta is now returning yields in line with most companies. It's not likely those yields will go much if any higher. More capacity will flow into the market place preventing that. It's far more likely that Over the next 10 years profits will drop. If they can maintain the yields for a profit increase they will need to expand which means more employees and the same amount of profit sharing per employee.
Again if tomorrow Delta offered a 14% raise to end the profit sharing we should jump all over it. They won't offer it however because it would not be a good deal for management.