Any "Latest & Greatest" about Delta?
06-13-2015 | 11:42 AM
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From: Delta M88 A ATL
Time to turn this around and Vote NO.
06-13-2015 | 11:57 AM
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06-13-2015 | 12:04 PM
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06-13-2015 | 01:17 PM
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From: 767-400
Don't plan on seeing any cons from DALPA. The only thing they can really highlight is compensation (which we are partially funding). It will be difficult for them to spin any of the rest of this in to anything positive so the vast majority of what we will see is compensation compared to other carriers.
Many of the onerous QOL nuggets buried in here will be long lasting negatives. I hope new hires and F/Os especially look past the promise of money and shiny new replacement aircraft because they ill have to live with the results a loooong time if this thing gets passed.
Many of the onerous QOL nuggets buried in here will be long lasting negatives. I hope new hires and F/Os especially look past the promise of money and shiny new replacement aircraft because they ill have to live with the results a loooong time if this thing gets passed.
I'm not at all worried about NEW HIRES or FOs, they are the most outspoken for voting NO!!!
I'm worried about the CAPTAINS (specifically in ATL). We have a better chance of playing pickup sticks with your a$$ cheeks, than getting those greedy guys to vote NO!!!
06-13-2015 | 02:03 PM
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From: Downward-Facing Dog Pose
^^^^^^This is one of the biggest liabilities to any union and a key weakness of a seniority system.
The guys with all the seniority are usually the least affected by and most likely to vote yes for any new TA, because the BEST way to get a union riled up is to mess with the top of the food chain. Mgmt knows this and avoids that accordingly.
It's been said before but the changes to medical info and sick leave in Sec. 14 needs to be hammered home to the top of the seniority list!
The guys with all the seniority are usually the least affected by and most likely to vote yes for any new TA, because the BEST way to get a union riled up is to mess with the top of the food chain. Mgmt knows this and avoids that accordingly.
It's been said before but the changes to medical info and sick leave in Sec. 14 needs to be hammered home to the top of the seniority list!
06-13-2015 | 02:52 PM
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Oh, someone needs some proof?? Here ya go...
Now tell us all why would either of these two firms lie about something like this? Btw, they employ PROFESSIONAL analysts who do this kind of research for a living. Both have reiterated their "overweight" recommendations on DAL stock because of TA2015.
If you can't believe DAL mgmt or your reps, maybe you can believe Wall St.
Now tell us all why would either of these two firms lie about something like this? Btw, they employ PROFESSIONAL analysts who do this kind of research for a living. Both have reiterated their "overweight" recommendations on DAL stock because of TA2015.
If you can't believe DAL mgmt or your reps, maybe you can believe Wall St.
06-13-2015 | 03:03 PM
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From: Downward-Facing Dog Pose
By: Martin Blanc Published: Jun 10, 2015 at 1:37 pm EST
According to a research note published on Wednesday, Credit Suisse weighs-in on tentative pilot agreement while reiterating an Outperform rating on Delta Air Lines, Inc. (NYSE
AL) stock with a price target of $57. The sell-side firm believes that 15% increase in fixed rates should offset by 20% profit sharing threshold increase from $2.5 billion to $6 billion.Details of the tentative pilot agreement were released today ahead of the Master Executive Council (MEC) voting this week on whether to send the agreement to the membership for ratification. With the release of details before a closed vote shows that MEC members will ratify the agreement over the next several weeks, which allows Delta to reach an agreement with its pilots approximately six months ahead of the amendable date.
Credit Suisse noted that the fixed increase of 15% by the amendable date is slightly more than it expected, but the profit sharing offset is more significant at this point. With the 20% profit sharing threshold moving to $6 billion for all employees, the firm expects approximately $500 million of potential savings, compared to $2.5 billion of threshold. The firm believes that this will be large enough saving to offset the fixed increase of 15% for pilots, giving extra cost of approximately $400 million.
According to Bloomberg, 15 analysts recommend a Buy on Delta Air Lines stock, two mark a Hold, and only one tags a Sell. The consensus 12-month target price on the stock is $58.15, showing an upside potential of 41.14% on the current trading price. The stock is currently trading up 1.18% at $41.2 as of 12:41 PM EDT.
Delta Air Lines Inc Stock: Profit Sharing Reduction Helps Offset 15% Increase, Says Credit Suisse
06-13-2015 | 03:21 PM
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06-13-2015 | 03:24 PM
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Are you saying a majority of Delta pilots wanted to reduced profit sharing in the DALPA contract survey?
You don't need a survey to make severe concessions in exchange for on 8% hourly increase and two 3%.cost of living increases.
Maybe Mike Hanson will say we won't see the 3% and 3%. We can trust him.
You don't need a survey to make severe concessions in exchange for on 8% hourly increase and two 3%.cost of living increases.
Maybe Mike Hanson will say we won't see the 3% and 3%. We can trust him.
06-13-2015 | 03:49 PM
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CS says they expect $500 million in savings.
We reduced profit sharing from 20% to 10% from $2.5 to $6Billion.
That's a savings of $350 million. The non-contracts get a 5% match on their 401K, we get a 15% contribution. Rolled together that's just under 10%, or another $35 million. Total of $385 million in savings.
Employer SSDI/OASDI and payroll taxes are a wash, as our wage rates completely replace our profit sharing payment. I suspect, but can't prove, that non-contract wage rate changes will do the same thing, just like they did in 2012.
The biggest error is in timing. Wages are paid ahead of profit sharing accrual (those are at the end of quarter).
The Barrons article used a profit sharing change up to $6.5 billion, which induced another $50 million+ of error.
FWIW.
We reduced profit sharing from 20% to 10% from $2.5 to $6Billion.
That's a savings of $350 million. The non-contracts get a 5% match on their 401K, we get a 15% contribution. Rolled together that's just under 10%, or another $35 million. Total of $385 million in savings.
Employer SSDI/OASDI and payroll taxes are a wash, as our wage rates completely replace our profit sharing payment. I suspect, but can't prove, that non-contract wage rate changes will do the same thing, just like they did in 2012.
The biggest error is in timing. Wages are paid ahead of profit sharing accrual (those are at the end of quarter).
The Barrons article used a profit sharing change up to $6.5 billion, which induced another $50 million+ of error.
FWIW.
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