Any "Latest & Greatest" about Delta?
11-07-2015 | 02:40 PM
Looking for a laugh
Joined: Feb 2008
Posts: 4,099
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No. My understanding is that the only GS pay a reserve gets is when you GS on an off day. Ex Rolling Thunder. Only line holders get the 2X pay above the trigger.
11-07-2015 | 03:45 PM
Gets Weekends Off
Joined: Nov 2013
Posts: 2,605
Likes: 12
From: A320 Left seat
YGTBSM.
You understand that there are very limited protections in our current PWA and that the change to 1.E. in the rejected TA was an improvement, right?
Yesterday a major airline analyst wrote about Delta changing tax strategy for international operations. Here's what Hunter Keay of Wolfe Research said:
DAL has made public comments about a desire to lower tax payments in the context of discussing its international operations, initially at its Dec-14 analyst day. We’ve spent considerable time evaluating potential actions in this area and we expect DAL to announce specific tax initiatives at its analyst day next month. We view this as a catalyst for the stock.
Many options. DAL may establish one or more international subsidiaries to shelter some profits from U.S. taxes while keeping its AOC as long as the parent company remains U.S.-based, regulators were convinced that citizenship and control requirements were met through clear operating agreements, and aircraft were housed in the U.S., enabling FAA oversight. This feels like the most likely outcome but we also evaluate more exotic options for DAL like a full blown tax inversion (a reincorporation outside the U.S.) or earnings stripping (e.g., establishing an Irish leasing subsidiary).
Karma police. DAL has strong opinions on many regulatory topics like Ex-Im and Gulf Airline subsidies, to name two. With Ex-Im now likely being renewed and unclear progress on the Gulf airline subsidy issue it seems DAL has increasingly less to lose from the Hill in the event of a bold tax saving move, which may be met with displeasure from regulators. But if regulators are going to tax airlines heavily (both overtly and covertly) and then pile it on further by investigating them for price fixing when prices are clearly falling, well… this is what they’ll get, to paraphrase Radiohead.
We know of no specific plans by DAL. But we do know that DAL has an NOL tax shield that should burn off soon, DAL has specifically mentioned Amsterdam as a “good place” in the context of discussing lowering its effective tax rate, and we know DAL is unafraid of taking bold, calculated and unprecedented risks. Especially lately.
I know, you "didn't think they'd do that". Sheesh.
You understand that there are very limited protections in our current PWA and that the change to 1.E. in the rejected TA was an improvement, right?
Yesterday a major airline analyst wrote about Delta changing tax strategy for international operations. Here's what Hunter Keay of Wolfe Research said:
DAL has made public comments about a desire to lower tax payments in the context of discussing its international operations, initially at its Dec-14 analyst day. We’ve spent considerable time evaluating potential actions in this area and we expect DAL to announce specific tax initiatives at its analyst day next month. We view this as a catalyst for the stock.
Many options. DAL may establish one or more international subsidiaries to shelter some profits from U.S. taxes while keeping its AOC as long as the parent company remains U.S.-based, regulators were convinced that citizenship and control requirements were met through clear operating agreements, and aircraft were housed in the U.S., enabling FAA oversight. This feels like the most likely outcome but we also evaluate more exotic options for DAL like a full blown tax inversion (a reincorporation outside the U.S.) or earnings stripping (e.g., establishing an Irish leasing subsidiary).
Karma police. DAL has strong opinions on many regulatory topics like Ex-Im and Gulf Airline subsidies, to name two. With Ex-Im now likely being renewed and unclear progress on the Gulf airline subsidy issue it seems DAL has increasingly less to lose from the Hill in the event of a bold tax saving move, which may be met with displeasure from regulators. But if regulators are going to tax airlines heavily (both overtly and covertly) and then pile it on further by investigating them for price fixing when prices are clearly falling, well… this is what they’ll get, to paraphrase Radiohead.
We know of no specific plans by DAL. But we do know that DAL has an NOL tax shield that should burn off soon, DAL has specifically mentioned Amsterdam as a “good place” in the context of discussing lowering its effective tax rate, and we know DAL is unafraid of taking bold, calculated and unprecedented risks. Especially lately.
I know, you "didn't think they'd do that". Sheesh.
INSY slow play. The current PWA, section 1 covers permitted types of flying by non-Delta pilots. In it the aircraft are limited to RJ size aircraft. That language has prevented management from doing what TA15 would have allowed with the MEC chairman approval.
Do you remember when a few RJ's were spotted at JFK, I believe, where the word "connection" was painted with such a light gray paint, we called management on it because our contract says the word "connection" has to be visible with the word Delta. We won that too, and the carrier was required to use a darker paint and fix the issue.
You may think the current language is weak, some of you even said during the vote that we had no protection currently, but so far it has held up and prevented them from outsourcing mainline size aircraft flying. And I hope if you are currently working in ALPA, that you know our contract well enough to know better. Which means you and your Dalpa PTP guys are flat out lying to us. Either that or you are very ignorant when it comes to our contract. Either way, you have absolutely no business discussing matters related to our contract with us.
11-07-2015 | 05:30 PM
Racketeer
Joined: Mar 2015
Posts: 13,320
Likes: 814
From: N60.4858 W149.9327
Where Delta's subsidiaries are based has absolutely nothing to do with anything except how to avoid taxes. If they moved the headquarters to Europe we would still have a contract and the provisions in it. Scare tactics about tax strategies are ridiculous. Management types just trying to head off the outrage on Dec. 1.
Look... look... look...over here, over here! Distraction! Over here...look...look!
Look... look... look...over here, over here! Distraction! Over here...look...look!
11-07-2015 | 06:17 PM
Straight QOL, homie
Joined: Feb 2012
Posts: 4,202
Likes: 1
From: Record-Shattering Profit Facilitator
When a hack like slow play shows up and continually rationalizes that POS, I'm reminded that Moakists like him are still hard at work against the line pilot.
Imagine how idiotic we'd feel if we agreed to NA15.
We should feel equally idiotic for allowing clowns like slow play anywhere near important union business. That guy could politicize, bilk, and ruin the flower fund. Get him out.
11-07-2015 | 06:26 PM
Gets Weekends Off
Joined: Nov 2013
Posts: 2,605
Likes: 12
From: A320 Left seat
What a bunch of garbage.
When a hack like slow play shows up and continually rationalizes that POS, I'm reminded that Moakists like him are still hard at work against the line pilot.
Imagine how idiotic we'd feel if we agreed to NA15.
We should feel equally idiotic for allowing clowns like slow play anywhere near important union business. That guy could politicize, bilk, and ruin the flower fund. Get him out.
When a hack like slow play shows up and continually rationalizes that POS, I'm reminded that Moakists like him are still hard at work against the line pilot.
Imagine how idiotic we'd feel if we agreed to NA15.
We should feel equally idiotic for allowing clowns like slow play anywhere near important union business. That guy could politicize, bilk, and ruin the flower fund. Get him out.
LOL, that flower fund comment was hilarious.
11-07-2015 | 07:32 PM
Banned
Joined: Oct 2014
Posts: 2,001
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From: 6 Train - Panhandler
I have perhaps the dumbest question, but a question none the less. Curiously, I wonder why many upon many B737 wing inspection lights are on at the gate. In cities all over the country, there's always a Delta 737 with the wing looking light on. Why is that? That is all.
11-07-2015 | 08:00 PM
Gets Weekends Off
Joined: Apr 2010
Posts: 203
Likes: 0
From: B737NG-B
I have perhaps the dumbest question, but a question none the less. Curiously, I wonder why many upon many B737 wing inspection lights are on at the gate. In cities all over the country, there's always a Delta 737 with the wing looking light on. Why is that? That is all.
11-07-2015 | 08:46 PM
Da Hudge
Joined: Oct 2006
Posts: 17,473
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From: Poodle Whisperer
11-08-2015 | 04:00 AM
Line Holder
Joined: Mar 2006
Posts: 1,808
Likes: 27
From: 330 B
I have perhaps the dumbest question, but a question none the less. Curiously, I wonder why many upon many B737 wing inspection lights are on at the gate. In cities all over the country, there's always a Delta 737 with the wing looking light on. Why is that? That is all.
11-08-2015 | 04:54 AM
Works Every Weekend
Joined: Dec 2007
Posts: 3,506
Likes: 0
From: 737 ATL
Not sure how it became part of the walk-around routine but that's why you see it turned on at the gate all the time. The FO flips on the wing and wheel well lights when he walks into the cockpit and they stay on until he or the captain gets the walk around done.
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