Any "Latest & Greatest" about Delta?
01-23-2015 | 05:01 AM
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No. That is not what I am asking. I actually lived under Delta C2k rates (and work rules) and that would be "restoration" for me.
NWA had their own rates and I don't know what they were. I was asking if he was talking about his c2k rates, Delta's? (at the time)
Just seems the word "restoration" may not be the right word if it is something he never actually had? (Unless he is talking NWA and maybe they were higher)
NWA had their own rates and I don't know what they were. I was asking if he was talking about his c2k rates, Delta's? (at the time)
Just seems the word "restoration" may not be the right word if it is something he never actually had? (Unless he is talking NWA and maybe they were higher)
01-23-2015 | 05:48 AM
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01-23-2015 | 06:27 AM
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Alpha
As you know Delta has returned billions to the shareholders.
And you also know our indusrty has changed forever.
Each year we make over $1 billion in bag fees.
Each year we make over $1 billion in ticket change fees.
And you know the Delta pilots have made well over $10 billion in life changing concessions. ($15 billion by my calculation and still waiting for DALPA numbers on this)
The Delta pilots are by far the largest financial contributors to the success and profitability Delta enjoys today.
Do you think it is right for Delta to announce yet another stock repurchase this May without snapping us up to the decade old Delta pilot May 2004 hourly pay rates?
Do you see these hourly rates plus some accounting for inflation as the absolute minimum for C2015 date of signing?
Jerry
As you know Delta has returned billions to the shareholders.
And you also know our indusrty has changed forever.
Each year we make over $1 billion in bag fees.
Each year we make over $1 billion in ticket change fees.
And you know the Delta pilots have made well over $10 billion in life changing concessions. ($15 billion by my calculation and still waiting for DALPA numbers on this)
The Delta pilots are by far the largest financial contributors to the success and profitability Delta enjoys today.
Do you think it is right for Delta to announce yet another stock repurchase this May without snapping us up to the decade old Delta pilot May 2004 hourly pay rates?
Do you see these hourly rates plus some accounting for inflation as the absolute minimum for C2015 date of signing?
Jerry
01-23-2015 | 06:41 AM
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IMO he crushed us on C2012 and called it self funded the very next day. I know some have big issues with his statement, but let's face it Sink Mr. Campbell could not lie just to please Wall Street or he would have gone to jail. He said it because it was true.
Just consider the lack of respect for the Delta pilots in making that statement before the line pilots even saw the details and voted.
Do you expect the same this time? I do. I believe the second we have a TA on C2015 Mr. Campbell will say it is cost neutral given our concessions on training (pay banding/longer freezes), sick leave and profit sharing. And probably some exciting surprises we don't know about.
Sink why are we going to make concessions? By management's own tally we will make $6.5 billion in 2015 and billions more in 2016 and beyond.
I can tell you right now we will not hit the 2004 Delta pilot hourly rates date of signing. Why not? Why is it that our own Union thinks it is ok to accept less than hourly rates that are over a decade old? Forget about inflation. The insiders say there is no such thing.
We are making the same mistakes. We are silent and letting management lead us down their path.
Our execs paid the latest buy back off a year early again. In May they will announce more and probably a higher dividend. That is awesome. But what about us? Why is DALPA laying there silent and dead?
Is it ok with you that we still need 20% to hit decade old pay rates and the shareholders get rewarded with billions again and again and again?
Why won't the union take the polite and professional position that our pay needs to be snapped up before the next round of buy backs in May?
Just consider the lack of respect for the Delta pilots in making that statement before the line pilots even saw the details and voted.
Do you expect the same this time? I do. I believe the second we have a TA on C2015 Mr. Campbell will say it is cost neutral given our concessions on training (pay banding/longer freezes), sick leave and profit sharing. And probably some exciting surprises we don't know about.
Sink why are we going to make concessions? By management's own tally we will make $6.5 billion in 2015 and billions more in 2016 and beyond.
I can tell you right now we will not hit the 2004 Delta pilot hourly rates date of signing. Why not? Why is it that our own Union thinks it is ok to accept less than hourly rates that are over a decade old? Forget about inflation. The insiders say there is no such thing.
We are making the same mistakes. We are silent and letting management lead us down their path.
Our execs paid the latest buy back off a year early again. In May they will announce more and probably a higher dividend. That is awesome. But what about us? Why is DALPA laying there silent and dead?
Is it ok with you that we still need 20% to hit decade old pay rates and the shareholders get rewarded with billions again and again and again?
Why won't the union take the polite and professional position that our pay needs to be snapped up before the next round of buy backs in May?
1) For all the trades being made, C21012 was most definitely not cost neutral on an individual basis. It wasn't for me, and it wasn't for you. I'm sure it's a stretch to say it's cost-neutral in the aggregate, but there are a lot of creative ways to make the claim. One of those is that we'll be replacing a lot of top-end retirees, with a lot of newhires.
2) You're still not explaining why Smith would be better.
As far as the balance between shareholders and employees, I think you make good points. We can't say on one hand that we're breaking from the pack and transforming Delta into a different sort of company, one that commands a premium, while at the same time focusing on American or United's successes and failures. This enterprise is generating extraordinary margins, higher than RA's highest objectives of just a few years ago, and we crushed our stated debt repayment schedule as well. There needs to be a solution that allows us to benefit handsomely, just as the shareholders and executives benefit greatly.
01-23-2015 | 06:57 AM
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Ok. Much of that actually makes sense, except for two things:
1) For all the trades being made, C21012 was most definitely not cost neutral on an individual basis. It wasn't for me, and it wasn't for you. I'm sure it's a stretch to say it's cost-neutral in the aggregate, but there are a lot of creative ways to make the claim. One of those is that we'll be replacing a lot of top-end retirees, with a lot of newhires.
2) You're still not explaining why Smith would be better.
As far as the balance between shareholders and employees, I think you make good points. We can't say on one hand that we're breaking from the pack and transforming Delta into a different sort of company, one that commands a premium, while at the same time focusing on American or United's successes and failures. This enterprise is generating extraordinary margins, higher than RA's highest objectives of just a few years ago, and we crushed our stated debt repayment schedule as well. There needs to be a solution that allows us to benefit handsomely, just as the shareholders and executives benefit greatly.
1) For all the trades being made, C21012 was most definitely not cost neutral on an individual basis. It wasn't for me, and it wasn't for you. I'm sure it's a stretch to say it's cost-neutral in the aggregate, but there are a lot of creative ways to make the claim. One of those is that we'll be replacing a lot of top-end retirees, with a lot of newhires.
2) You're still not explaining why Smith would be better.
As far as the balance between shareholders and employees, I think you make good points. We can't say on one hand that we're breaking from the pack and transforming Delta into a different sort of company, one that commands a premium, while at the same time focusing on American or United's successes and failures. This enterprise is generating extraordinary margins, higher than RA's highest objectives of just a few years ago, and we crushed our stated debt repayment schedule as well. There needs to be a solution that allows us to benefit handsomely, just as the shareholders and executives benefit greatly.
WRT Joanne, I believe she would be much easier to negotiate with. I believe she respects us and the Delta culture. I think Mike does not respect us as evidenced by his commments on C2012 to the press. I think he made fools of Scrappy and Tim O'Malley.
Are the new players up to taking him on? Let's hope so.
Obviously underestimating hiim would be an epic failure for all of us.
01-23-2015 | 07:13 AM
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I wouldn't, under any circumstances, recommend underestimating anyone we deal with, so I agree on Campbell' skills (even without having ever met the guy). As far as how/why you think Smith would be better, I'm not following. On background alone, and considering the IAM drive on the F/A side, I'd expect her to be dead set against giving us anything, except maybe a cold coffee and a door slam. She is going to have to deal with all groups going forward. She needs to show the non-union groups that unionization doesn't equate to gains, especially the 20,000+ F/A's. Campbell has no such restrictions.
01-23-2015 | 07:19 AM
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From: Stay THIRSTY, my friends!
It really doesn't matter who we negotiate against. Campbell makes it easier because he knows the contract and the ropes. That's a time saver, nothing more. What we get will directly relate to our resolve to improve our contract during record breaking profitability. The ball is in our court.
01-23-2015 | 07:19 AM
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01-23-2015 | 07:31 AM
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From: Light Chop
So, taking off out of JFK going to the MSP and climbing put of 5000, poorly given its a 717 with the engine a-ice on and heavy as could be, and the American 757 that launched behind us almost ran us over. You shouldve heard ATC, sure they didn't see that coming. It'd been an interesting tcas ra and my first because I was getting run over while at full ish power. 
01-23-2015 | 07:36 AM
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What are our chances of picking up the 2015 A321 slots PR are deferring?
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