As far as I can tell the shareholders are getting back more than any profits we've taken in. How much have they spent in buying back stock and the dividend vs how much we've actually posted as profit since exiting bankruptcy?


Sent from my crib.

Has my vote for the "understatement of the year" award!:cool:

Ok well, Im not going to automatically vote NO on the first TA just because. But there are circumstances I would vote NO, and I will tell you already what they are.

I expect our MEC to do the best they can and to stand behind a TA. Rejecting it is not likely not going to add gains, just shuffle around what we have attained.

Its like negotiating a 25% raise, represented by 25 cents, or a quarter. How do you want that? Two dimes and a nickel? Five nickels? A dime, two nickels, and five pennies?

I appreciate the caution to not let FUD cloud my judgement, but at some point I have to trust someone. I am not a lawyer, negotiator, airline or industry expert, finance and retirement specialist, etc. We have experts for all that. I know pilots think they know it all, but truly they do not.

So... I will vote NO only if there is some reasonable proof of fraud, deception, or major screw up. Not just because Im not happy with every single letter of it. We don't get a line item veto, that is not what your vote is for.

No more negotiating in public for Pete's Sake! After this:

No concessions. Huge pay-rates, better PS, better sick, better vacation, better training and the kitchen sink.

Request the board and managers to take a pay cut including PS, bonus and benefits.

TEN

Well I will vote No if it has any unnecessary concessions.

Of course we remember the pension termination. We all remember. If you are too junior to remember, then good for you.

Because the DC flavor of the DPSP we have now is probably way better than our old DB plan anyway. If you are a new hire today with 35 years to go you will likely have 3,4, 5 million in your DPSP when you retire. Maybe more. Probably more. All in your own name without any worry of DAL going bankrupt again and not paying it. Yes you will have other worries, but the kind that you have more control over.

FWIW, I think the last 15 years or so was a big @hit sandwich and we all had to take a bite. But it actually could have been worse, and all in all we did better than the other airlines. Look around.

Bitter? Resentful? Nah. No time for that. It is what it is. Learn and move forward. You still get what you negotiate, not what you deserve. Always will. We didn't get what we deserved in the bankruptcy years and we won't get what we deserve in the salad days either. Keep that in mind as you make your contract "demands".

If we can just negotiate what is reasonable in all circumstances I personally will sleep much better and worry less. But you do what you want.

In this economic environment, that is probably reasonable.

Contract improvements with nickle improvements throughout is probably pretty good as long as the company isn't taking nickles from other pockets.

The company is hitting homeruns and should be for the foreseeable future. We shouldn't be on the sidelines watching the derby, but participating. Analogies are fun.

Yeah Sports!

I like it! Obscure Sprint TV commercial reference! Sprint TV Commercial, 'Don't Be Too Rich to Care: Layover' - iSpot.tv

The message: "Don't be stupid rich"

More subtle message: How much money is enough? Will it ever be enough? At what point is the love of money more important than anything else?

I'd take your post and flyallnite's, blend the two, and let the results be the final answer.