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Originally Posted by Timbo
(Post 1807750)
Yup, but in spite of that, they still made $4.6 Billion for 2014.
They said 2015 will be even better as they 'unwind' their hedges, and by 2016, they will do better still. |
Originally Posted by badflaps
(Post 1807827)
I wonder if the fuel guy they hired and fired told them not to hedge.....
That guy? :rolleyes: I'm pretty sure he had a lot to do with it! Buy high, sell low, make up the difference in volume! :D |
Originally Posted by Timbo
(Post 1807821)
Hey CE, thanks for the link to the investor's call, that was interesting.
Is it recorded, so I can listen to it again? Richard and Ed were talking so fast I missed a few things...something about opening a mx facility in Shanghai... Our mechanics must be thrilled, think of how much bigger their profit sharing checks will be! :rolleyes: The call is recorded. I don't think the link is up yet though. Maybe later today or tomorrow. You will find it somewhere on this page: Delta Air Lines, Inc. - Investor Relations The detailed financial info and most of what was said in the call is here: Delta Air Lines, Inc. - Delta Air Lines Announces December Quarter Results Richard talked about the Shanghai thing in an answer to a media question. He said its NOT going to be any kind of major installation. Just a line maintenance facility like Amsterdam or Narita. No heavy checks or engine overhauls. Nothing like that. Around 12 mechanics and a stockpile of parts. No hangar, etc. |
CE, thanks again for those links.
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Just talked to the NY reps in the lounge. They for sure did not say anything at all like what is being posted here from anonymous reps no one will name. They did have some interesting fleet observations and possible changes.
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Originally Posted by sailingfun
(Post 1807936)
Just talked to the NY reps in the lounge. They for sure did not say anything at all like what is being posted here from anonymous reps no one will name. They did have some interesting fleet observations and possible changes.
http://24.media.tumblr.com/tumblr_mc...258qo1_500.gif |
Originally Posted by Timbo
(Post 1807821)
Hey CE, thanks for the link to the investor's call, that was interesting.
Is it recorded, so I can listen to it again? Richard and Ed were talking so fast I missed a few things...something about opening a mx facility in Shanghai... Our mechanics must be thrilled, think of how much bigger their profit sharing checks will be! :rolleyes: |
Originally Posted by Pro Fessional
(Post 1807969)
He clarified that the PVG maintenance will be only 12 mechanics, overnight line maintenance at the gate - no hangar. Not exactly a maintenance facility.
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Originally Posted by sailingfun
(Post 1807936)
Just talked to the NY reps in the lounge. They for sure did not say anything at all like what is being posted here from anonymous reps no one will name. They did have some interesting fleet observations and possible changes.
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This might be a crazy idea, so don't 'tar & feather' me for the comment. Before I ask the possible absurdity, let me say that I am in no way, shape or form advocating concessions or any other give-back for a lesser pay-out at the end of the year. (Including monthly performance bonuses, profit sharing, hourly pay rate increases, etc.)
What if 'WE' (pilot [contract] employees) were able to receive stock-options, in the form of incentive pay, similar to how RA & sleepy-Ed receive stock options today? It automatically takes the "cost" of profit-sharing payouts for contract employees off the table, but still offers us the equivalent or greater pay-out, depending on what we choose to do with these options? (Theoretically, it could even increase our 'incentivized' pay-out.) All hidden behind the veil of 'stock' versus 'cash pay-out' for the greedy investors on Wall Street, who want to see the Corporate cash for themselves. Just an idea to get a greater amount of money, without seeing it as cash, or allowing Uncle Sam to touch it at a higher tax rate. (Assuming people don't contribute 100% to their DPSP.) Just an idea. Blast away! :eek::D GJ |
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