Any "Latest & Greatest" about Delta?
11-08-2014 | 06:20 AM
Gets Weekends Off
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RA has promised Wall Street zero labor risk. He needs a deal fast before the pilots realize Delta will make $6 billion in 2015 and their expectations will rise accordingly.
IMO we will retire an average of 30 pilots per month in 2015. They are already training off campus and it will get worse rapidly. New 330 base in NYC and 737 SEA.
We just need to sit on our hands and wait for the deal we deserve.
T.O. failed to follow his own lead and rushed into a bad deal. Let's actually not be rushed this time.
Remember the number one play on management's card is always to create a fictional deadline.
11-08-2014 | 06:24 AM
Happy to be here
Joined: Jun 2006
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From: A-320A
The NMB does not matter this round in the least. We will not see mediation.
RA has promised Wall Street zero labor risk. He needs a deal fast before the pilots realize Delta will make $6 billion in 2015 and their expectations will rise accordingly.
IMO we will retire an average of 30 pilots per month in 2015. They are already training off campus and it will get worse rapidly. New 330 base in NYC and 737 SEA.
We just need to sit on our hands and wait for the deal we deserve.
T.O. failed to follow his own lead and rushed into a bad deal. Let's actually not be rushed this time.
Remember the number one play on management's card is always to create a fictional deadline.
RA has promised Wall Street zero labor risk. He needs a deal fast before the pilots realize Delta will make $6 billion in 2015 and their expectations will rise accordingly.
IMO we will retire an average of 30 pilots per month in 2015. They are already training off campus and it will get worse rapidly. New 330 base in NYC and 737 SEA.
We just need to sit on our hands and wait for the deal we deserve.
T.O. failed to follow his own lead and rushed into a bad deal. Let's actually not be rushed this time.
Remember the number one play on management's card is always to create a fictional deadline.
PWA Section 28 A
SECTION 28 2
DURATION 4
A.Effective Date and Duration
Except as expressly provided otherwise, this agreement will become effective on July 1, 2012, will continue in full force and effect through December 31, 2015, and will renew itself without change through each succeeding December 31st, unless written notice of intended change is served in accordance with Section 6, Title I, of the Railway Labor Act, as amended, by either party hereto at least 60 days but no more than 270 days prior to December 31, 2015 or December 31st in any year thereafter. In the absence of an agreement by March 31, 2016, the parties agree to jointly petition the National Mediation Board for mediation services.
11-08-2014 | 06:28 AM
Gets Weekends Off
Joined: Feb 2008
Posts: 20,876
Likes: 193
The NMB does not matter this round in the least. We will not see mediation.
RA has promised Wall Street zero labor risk. He needs a deal fast before the pilots realize Delta will make $6 billion in 2015 and their expectations will rise accordingly.
IMO we will retire an average of 30 pilots per month in 2015. They are already training off campus and it will get worse rapidly. New 330 base in NYC and 737 SEA.
We just need to sit on our hands and wait for the deal we deserve.
T.O. failed to follow his own lead and rushed into a bad deal. Let's actually not be rushed this time.
Remember the number one play on management's card is always to create a fictional deadline.
RA has promised Wall Street zero labor risk. He needs a deal fast before the pilots realize Delta will make $6 billion in 2015 and their expectations will rise accordingly.
IMO we will retire an average of 30 pilots per month in 2015. They are already training off campus and it will get worse rapidly. New 330 base in NYC and 737 SEA.
We just need to sit on our hands and wait for the deal we deserve.
T.O. failed to follow his own lead and rushed into a bad deal. Let's actually not be rushed this time.
Remember the number one play on management's card is always to create a fictional deadline.
11-08-2014 | 06:35 AM
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From: 747-400 Captain
Carl
11-08-2014 | 06:38 AM
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From: 747-400 Captain
Agreed.
You may recall I caught a lot of grief here for stating that the commodity price spike of 2007 to 2008 was driven by speculators, namely sovereign wealth funds abroad and investment banks like Goldman Sach's.
While oil played a large part, other commodities like copper gained 300% in price.
We know nearly all economic models assume people will pay their bills. What we fail to adequately plan for is people not paying their bills. This includes governments.
The point being, at a $30 a barrel extraction cost there is plenty of room to tax energy, spend on infrastructure and supplement payouts to non producers. At $80 to $90 the margins for society are slim and at $180, the system begins to break down; immediate need for commodity goods outweighs fears of foreclosure on the family home.
This is a pattern history has watched as many societies have grown until they reached a decline in commodity supplies, often that being a decline in the quality of farm land and water. The pattern becomes a large income disparity and a growing reliance on government until that becomes insufficient and the masses take to the streets.
Consider this chart:
What you see is that that rising costs in some goods were offset in cost by declining prices until rising commodity prices spiked. That spike popped the bubble because people stopped paying their bills.
IMHO there is a role for a very active Department of Justice and Federal Trade Commission.* As global populations push the limits of resource sustainability we face tighter margins. Undisciplined trading of commodities has led to global crisis and will again.
We in the United States were well insulated. At the medical university adjacent to the orphanage my family runs in the philippines the staff and teachers saw a fire on campus and went to investigate. They found Medical Students trying to boil and eat sticks and foliage due to the extreme rise in rice prices. We used our supplies to feed the students (and we've long enjoyed a symbiotic relationship by which their students provide medical care to our kids). Point being, when orphans are feeding Doctors there is a clear market disruption.
Unions are a stabilizing force at the bottom of the market and should be highly valued by workers, governments and even the market. I am thankful for ALPA's work with Delta Air Lines to keep me employed when it would have been much easier to furlough in 2008. Instead of selling our house to pay bills, we were able to take advantage of the market's "half price" sale. Thus, we were keeping several bankers, real estate agents, crews of workers and people in the taxing agencies earning as well. Yes, the stock market took it in the shorts and the Company took a $500,000,000.00+ loss. But thousands of people reliant on Delta kept paying their bills.
---
* Legal carve outs for Health Care Maintenance Organizations and even permitted monopolization of data (Comcast, in a nutshell) should not exist.
You may recall I caught a lot of grief here for stating that the commodity price spike of 2007 to 2008 was driven by speculators, namely sovereign wealth funds abroad and investment banks like Goldman Sach's.
While oil played a large part, other commodities like copper gained 300% in price.
We know nearly all economic models assume people will pay their bills. What we fail to adequately plan for is people not paying their bills. This includes governments.
The point being, at a $30 a barrel extraction cost there is plenty of room to tax energy, spend on infrastructure and supplement payouts to non producers. At $80 to $90 the margins for society are slim and at $180, the system begins to break down; immediate need for commodity goods outweighs fears of foreclosure on the family home.
This is a pattern history has watched as many societies have grown until they reached a decline in commodity supplies, often that being a decline in the quality of farm land and water. The pattern becomes a large income disparity and a growing reliance on government until that becomes insufficient and the masses take to the streets.
Consider this chart:
What you see is that that rising costs in some goods were offset in cost by declining prices until rising commodity prices spiked. That spike popped the bubble because people stopped paying their bills.
IMHO there is a role for a very active Department of Justice and Federal Trade Commission.* As global populations push the limits of resource sustainability we face tighter margins. Undisciplined trading of commodities has led to global crisis and will again.
We in the United States were well insulated. At the medical university adjacent to the orphanage my family runs in the philippines the staff and teachers saw a fire on campus and went to investigate. They found Medical Students trying to boil and eat sticks and foliage due to the extreme rise in rice prices. We used our supplies to feed the students (and we've long enjoyed a symbiotic relationship by which their students provide medical care to our kids). Point being, when orphans are feeding Doctors there is a clear market disruption.
Unions are a stabilizing force at the bottom of the market and should be highly valued by workers, governments and even the market. I am thankful for ALPA's work with Delta Air Lines to keep me employed when it would have been much easier to furlough in 2008. Instead of selling our house to pay bills, we were able to take advantage of the market's "half price" sale. Thus, we were keeping several bankers, real estate agents, crews of workers and people in the taxing agencies earning as well. Yes, the stock market took it in the shorts and the Company took a $500,000,000.00+ loss. But thousands of people reliant on Delta kept paying their bills.
---
* Legal carve outs for Health Care Maintenance Organizations and even permitted monopolization of data (Comcast, in a nutshell) should not exist.
Carl
11-08-2014 | 06:44 AM
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From: 747-400 Captain
Carl
11-08-2014 | 06:51 AM
Works Every Weekend
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From: 737 ATL
The Railway Labor Act is a dead end. Nobody gets a good contract by following that path.
Our leverage is right here:
<Q – Jamie Baker – JPMorgan Securities LLC>:
Excellent. I appreciate that. And for Richard, and forgive me, this is a bit of a replay from last quarter, if you consider the next pilot contract it still isn’t clear to me what management’s ask is going to be. Unlike last time you don’t need additional scope relief, I don’t think, you don’t need 717 rate and so forth, so my concern is that ALPA may have the upper hand this time around at the negotiating table which could put pressure on the longer-term ex-fuel CASM targets that you were speaking about earlier. Any thoughts on this?
<A – Richard Anderson – Delta Air Lines, Inc.>:
We have an incredible track record working with our colleagues at ALPA. And if you just look at the track record over the last 10 years, it’s been just phenomenal and we expect it to continue to be that way. So if you look at what we’ve been doing in the business, we’ve really taken the labor risk totally off the table at Delta. And our employees are fully engaged in delivering a great product. And that’s one of the key de-risking events that we’ve undertaken at Delta that’s unique to the company. And it’s one of the most valuable things we have and that relationship is very important to us. And we will continue unabated on the track that we’ve been on for a decade.
11-08-2014 | 06:59 AM
Works Every Weekend
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From: 737 ATL
Going to NMB mediation means 3-5 years of purgatory. Totally unacceptable. That's why they are irrelevant.
If these profits continue and there's no agreement by March 2016 you will have a pilot group in open revolt.
The NMB will be the least of ALPA's worries.
11-08-2014 | 07:06 AM
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From: 747-400 Captain
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11-08-2014 | 07:11 AM
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From: 747-400 Captain
Maybe you can point out exactly where you think something the NMB is saying applies in a way that should stop us from asking for a restorative contract. I'll wait.
Carl
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