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-   -   Any "Latest & Greatest" about Delta? (https://www.airlinepilotforums.com/delta/36912-any-latest-greatest-about-delta.html)

vicpilot 11-11-2008 08:49 AM

Delta Pilot Profit Sharing
 
Does anybody know when we will see the stock from the merger in our accounts?:confused:

PilotFrog 11-11-2008 08:52 AM


Originally Posted by Ferd149 (Post 496295)
Hey, what do you have against being a Citgo service station manager:D. Your right, ugly.........and I like red;)

I know! And isn't Citgo owned by the Venezuelans? Maybe Delta gets a good deal on fuel from Chavez .

iaflyer 11-11-2008 08:56 AM


Originally Posted by vicpilot (Post 496301)
Does anybody know when we will see the stock from the merger in our accounts?:confused:

After the first of the year is what people are saying in the ALPA forums. Also, we will not get the stock - ALPA is selling it for us and giving us the cash.

PilotFrog 11-11-2008 09:08 AM


Originally Posted by iaflyer (Post 496307)
After the first of the year is what people are saying in the ALPA forums. Also, we will not get the stock - ALPA is selling it for us and giving us the cash.

If the whole reason was to have equity in the "new" company, why is ALPA selling that equity.

forgot to bid 11-11-2008 09:10 AM

Superpilot, ha. Good one. But what I mean was new categories, to see what the computer would take. I was plugging away seeing outside of CVG ER was there anything else loaded in the system on the DAL side. If ER is in your system well thats good, you'll have an AE on it before we do. :D

vicpilot 11-11-2008 09:43 AM


Originally Posted by iaflyer (Post 496307)
After the first of the year is what people are saying in the ALPA forums. Also, we will not get the stock - ALPA is selling it for us and giving us the cash.

Well... it would have been better to get stock and have the option to sell the stock at some other point, because it is definitely priced low right now, and I don't see it going up by the beginning of the year.

vicpilot 11-11-2008 09:50 AM

Not to scare anyone... but...
 
Airlines could cut more flights - USATODAY.com

Signs of weakening demand:

•Continental Airlines last week sharply reduced its forecast for a key benchmark of revenue growth for November. It now expects a 4% to 6% increase from a year ago in revenue per seat per mile flown instead of growth in the "low to mid-teens." Continental is the only U.S. airline that publishes such a forecast, but history has shown it to be a reliable gauge of industry trends.
FIND MORE STORIES IN: New Year | Delta | Continental Airlines | Express | Betsy Talton | American Express | after-Christmas

•A Southwest Airlines official says Continental's outlook conforms with her airline's. Tammy Romo, Southwest's vice president of financial planning, says trends have worsened in the month since the airline announced a 5% cutback in January flying capacity — a big reversal for an airline that's grown steadily for 34 years.

"We have seen signs of weakness in our recent booking and revenue trends," Romo says.

•American Express, one of the largest corporate travel agencies, forecast three weeks ago that 2009 coach fares typically paid by business travelers could range from down 3% to up 5%, depending on the length and severity of the U.S. economic downturn. Now it looks like the lower end of that forecast will prove most accurate because business travelers increasingly are seeking cheaper fares aimed mainly at leisure travelers, says AmEx spokeswoman Tracy Paurowski.

So how will airlines react?

In the past they turned to widespread price cutting. But this year's fare and fee hikes, along with recent drops in fuel prices, put profits in sight in 2009.

During earnings conference calls with analysts and reporters last month, executives at several airlines hinted their bias is toward further capacity cuts if demand weakens more. Officials at Delta, now the world's biggest carrier, have dropped the strongest such hints.

"Managing your capacity is critical to controlling your revenues," spokeswoman Betsy Talton says.

reddog25 11-11-2008 10:24 AM


Originally Posted by iaflyer (Post 496307)
After the first of the year is what people are saying in the ALPA forums. Also, we will not get the stock - ALPA is selling it for us and giving us the cash.

My understanding is that it may be stock or cash, but that it will be placed in our 401K account for tax purposes

80ktsClamp 11-11-2008 11:09 AM


Originally Posted by reddog25 (Post 496364)
My understanding is that it may be stock or cash, but that it will be placed in our 401K account for tax purposes

You have come correct.

DAL4EVER 11-11-2008 11:27 AM


Originally Posted by PilotFrog (Post 496315)
If the whole reason was to have equity in the "new" company, why is ALPA selling that equity.

Try and find a pilot that made a fortune of airline stock and then you will have your answer.


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