Bump to this as a reminder that the RLA could work very well for us this time for this exact reason. Dragging OUR feet means the status quo is maintained...as in status quo profit sharing. To capitalize on this however, we would need an MEC administration that actually wanted to use this leverage. We do not have that MEC administration.

Yes it would, if our MEC administration wanted to exert any such pressure. But they do not.

I guess it all depends on the definition of huge.

Don't say it FTB...it would be too easy.

Carl

Your deflection notwithstanding, the currency of purchase does matter. Here's the initial question posed:

If our 49% purchase was a stock swap, then you'd have a marginal point. But that's not what happened. Our 49% purchase of the VA stake included an actual cash infusion. That cash outlay reduced the PTIX profit in that year's accounting. And as such, reduced our profit sharing.

So again the answer to NewK's question is: Yes.

Carl

Nope - you obviously didn't do the homework assignment I gave you. Using cash to purchase an asset does not have any impact on PTIX. It is a balance sheet transaction, exchanging one asset (cash) for another (the 49% stake). Zero impact on PTIX.

Pineapple is right on this one.

However, the money could have been used to pay down debt or invest in Delta (airplanes, technology, real estate, employees, etc.) which would have been better for all of us rather than owning 50% of an airline that can do widebody flying for us.

Earnings statements and consolidated balance sheets are two different things.

Carl

How to keep the fan on in your hotel room. On Honeywell hold the DISPLAY button down and press off let go of off then press UP arrow then release Display button you are in override mode your fan stays on and it will disable the motion sensors. Most Hilton's and Hyatt

Very true -- but that has nothing to do with the topic at hand. It's OK, Carl, to admit you were wrong. We've all been there.

That is most likely the most useful thing I've gotten out of this thread the last 7 years. :) Awesome. I hate those dang things.

Well Carl here is section 1.E.3 you quote.
If the Company's ownership level (i.e., the percentage of ownership referred to in Section 23 1 B. 16. a.) in a foreign air carrier exceeds 25%, the Company flying block hours scheduled in any month between the United States and any country to or from which the foreign air carrier operates from or to the United States, will not be less than the Company flying block hours scheduled between the two countries in the same month of the twelve-month period prior to the month in which the Company's ownership level first exceeds 25%.

As you can see Carl we have a block hour floor and not a percentage of flying. That is a huge difference. The union has also put out several communications explaining this.

In broad strokes, what's the advantage to doing so (bidding reserve in a training/vacation month? Does it generally result in more days off, or more pay, or both? How/why?

I've tried playing with the calculator, but I'm not sure I'm using realistic numbers (I have yet to hit a training month)....