This is how it was explained at the roadshow: The 5.74% calculation is essentially what we would receive if the company made 6b today. We lose the 20% above 2.5b (will now be 10% PS up to 6b), but receive the 6% raise on JAN1, 2016. That is our monetized 20% portion of PS, paid on day 1 as part of our normal pay. If the company makes less than 6b, we actually come out ahead because of the 6% raise. If the company makes more than 6b, that portion above 6b will pay out at 20% PS. That's why the chart only goes to 6b.

THIS IS MY UNDERSTANDING of how it was explained. I HAVE NOT personally worked the math myself.

 

My rep told me the same thing.Who ever was on property between certain dates and it will go by earnings in that period.

 

Truedat! filler

 

It's insane that United has basically pulled out of NYC, all that's left are a few flights from lga. Is united in really such bad shape?

 

They are huge in Newark (CAL's big hub), why spread your self thin between there and JFK? Newark is nearly as close to downtown NYC as JFK is, and if they want to feed their international hub in EWR, why serve JFK?

They also have a huge operation at Dulles, I don't think they need JFK.

 

Agreed. This makes sense for UAL. They were struggling with an orphaned JFK transcon operation with no connectivity anywhere. This allows them and DL to better focus on their strengths, particulaarly in the premium transcon markets and should help both defend the yield trashing wars of attrition in those markets from JB and VX.

 

Newark isn't new york.

 

Someone is live blogging the ATL road show on FB. It's hilarious! MD is in trouble on his home court. I mean how much safer can you be in PTC, i.e. Koolaideville!

 

It was pretty heated. Two cop cars parked outside, cops in lobby of hotel. Looked like they were looking for anyone bringing in signs etc. Other than that it started pretty calm. Mike interrupted opening speech to tell someone to watch their language, their are ladies and children present, and if they want to mess with him they can bring it on anytime, anywhere - "I'm from Chicago!" Other than that is was pretty quiet for him and the negotiator's first and largest presentation on pay. That alone lasted a good 25 minutes and as usual, the charts blithely ignored the presence of inflation. Rest of negotiator's presentations got a few groans and shouted comments until they got up to sick leave, when Morgado said "Ok, we'll just breeze right through sick leave" - meaning before taking a break, I think - and there was a lot of laughter, groaning, some heckling, so they just took the 10 minute break right there. Crowd got increasingly restless during sick leave portion, and then when Mike D made his closing remarks he made the mistake of asking the rhetorical questions? "Was this agreement made too quickly? Was it concessionary?" but each time he said no the crowd drowned him out with yesses. It went downhill quickly from there and Mike ended up yelling for about 4 minutes straight. Extremely defensive. Q&A time was actually less chaotic, but lots of applause for many of the speakers critical of the TA. Bill Rourke (sp?), former rep, gave the first speech & was quite good. Another guy whose name I didn't catch gave a very emotional speech about all the things lost over the last 10 years and all the things we didn't ask for in our surveys. Another relayed a hilarious (and likely exaggerated) conversation he had with Ed Bastian when Ed was on the jumpseat and concluded his speech with "Thank you for your work, gentlemen...now go and do it over!" to much laughter, cheers, & applause. Female FO raked em over the coals for saying only 2% of FOs would be affected. They repeated it several times and she kept going after for them for it, and finally Mike got tired of it and said "Well, you have your vote."

I had to leave 3 hours into the meeting, there were still speakers lined up but energy seemed to be flagging. Overall, it was far more incendiary than I expected Peachtree City to be...but keep in mind there were 400 people there, only about 10% of ATL pilots, they weren't all hostile, and don't necessarily represent an accurate cross-section so I'm not going to read too much into the reception. That said...if PTC was rough...can't wait for NYC, DTW, and MSP!

 

If you're just making a connection to Europe, what does it matter?

And I've been to both, many, many times.

Close your eyes and they smell the same...