Any "Latest & Greatest" about Delta?
04-20-2010, 05:36 PM
Gets Weekends Off
Joined APC: Apr 2010
Position: B737 FO
Posts: 165
Originally Posted by forgot to bid
As to the reserve roulette game, I've never personally had scheduling add SC after all of the SCs were already given out which typically happens around 10am-12pm mecca time or at the worst 3pm. Few people would be home by then. So don't leave town until you call DAL-CREW and go 1 > 2 > 2.
Now that said, I've noticed a trend with scheduling in that most of the week they only put a few people on SC for a given slot 0400-1600, 0700-1900, etc. But on Thursdays, they put about double or even more on SC then they do at other times. It might be because Thursday trips go TH-FR-SA or -SU, i.e. people tend to get sick. I don't know but I'd actually hope thats the case rather than the Thursday scheduler does it different then the others.
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Captain Sully was in the American Idol audience, they took time to clap for him.
Now that said, I've noticed a trend with scheduling in that most of the week they only put a few people on SC for a given slot 0400-1600, 0700-1900, etc. But on Thursdays, they put about double or even more on SC then they do at other times. It might be because Thursday trips go TH-FR-SA or -SU, i.e. people tend to get sick. I don't know but I'd actually hope thats the case rather than the Thursday scheduler does it different then the others.
---
Captain Sully was in the American Idol audience, they took time to clap for him.
The last year or two we have been overstaffed which has led to more open time to be covered by white slips and therefore less need for SC's. This summer I am expecting a revival of the great tradition of working us reserves to the bone. Not too long ago I remember getting off a redeye to find min rest and another trip later that night. And few things suck more than commuting home, checking the "1>2>2" before leaving the airport and having to get on the exact same jumpseat back to ATL.
04-20-2010, 05:37 PM
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,707
Originally Posted by Waves
Sorry, I haven't reviewed recent posts, so I'm not up to date on this thread. BUT: My FA wife just got her line for next month. She bid low time and got 90hrs. Does anyone know where this time is coming from? Is it increased flying on the widebodies?
04-20-2010, 06:03 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Originally Posted by forgot to bid
As to the reserve roulette game, I've never personally had scheduling add SC after all of the SCs were already given out which typically happens around 10am-12pm mecca time or at the worst 3pm. Few people would be home by then. So don't leave town until you call DAL-CREW and go 1 > 2 > 2.
Now that said, I've noticed a trend with scheduling in that most of the week they only put a few people on SC for a given slot 0400-1600, 0700-1900, etc. But on Thursdays, they put about double or even more on SC then they do at other times. It might be because Thursday trips go TH-FR-SA or -SU, i.e. people tend to get sick. I don't know but I'd actually hope thats the case rather than the Thursday scheduler does it different then the others.
---
Captain Sully was in the American Idol audience, they took time to clap for him.
Now that said, I've noticed a trend with scheduling in that most of the week they only put a few people on SC for a given slot 0400-1600, 0700-1900, etc. But on Thursdays, they put about double or even more on SC then they do at other times. It might be because Thursday trips go TH-FR-SA or -SU, i.e. people tend to get sick. I don't know but I'd actually hope thats the case rather than the Thursday scheduler does it different then the others.
---
Captain Sully was in the American Idol audience, they took time to clap for him.
Do not bet on that. I have had them many times add a SC to my schedule as late as 2300. 10 hrs the start of the period, as the contract states. Many times I have had them add a SC at 1900 for a 0500 start. Do not think they will not do it. They need 10 hrs to assign you a SC period and 12 to assign a LC a trip, so they will use a SC for tomorrow and give you a 10 hr notice for the start of the period. Of course you are considered as commuting in for the first two hours of it if it is preceded by an X day, but they cannot do that unless you answer your phone.
You see this a lot on the second day of your reserve period. I expect it to increase this summer as we are way short and they need bodies.
It is safe to say, I will be in position if I am on reserve.
04-20-2010, 06:08 PM
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Joined APC: Apr 2008
Posts: 1,619
Originally Posted by Sink r8
Thanks Alfa,
I'm not particularly latching on to the consiracy theory angle, but obviously we make decisions as to what we finance and what we don't based on rates. If we have a mountain of debt, and we choose to pay the latest purchase in cash, that would suggest to me we don't have a great rate for it, vs. the rate on debt we are currently financing.
Obviously, paying cash for those 777's doesn't increase our cash position. This is probably strictly a negotiation/rate issue that's not of particular importance to the pilots. Not in terms of negotiating a contract, anyway.
I'm not particularly latching on to the consiracy theory angle, but obviously we make decisions as to what we finance and what we don't based on rates. If we have a mountain of debt, and we choose to pay the latest purchase in cash, that would suggest to me we don't have a great rate for it, vs. the rate on debt we are currently financing.
Obviously, paying cash for those 777's doesn't increase our cash position. This is probably strictly a negotiation/rate issue that's not of particular importance to the pilots. Not in terms of negotiating a contract, anyway.
When you make a capital expenditure you are just exchanging one asset for another. If you have cash then you lose $100 million in cash but you have an asset that is worth $100 million so your net worth is the same. If you finance it, then you exchange $100 million in debt for the asset. That is why capex doesn't affect profit or loss and paying down debt doesn't either. You change your net worth by making or losing money running your business.
There are things such as asset writedowns that can affect the net worth of the company and thus they are included on profit/loss. Post-Enron it is getting tougher to play too many games with those and not end up in the pokey. It could happen, but the disincentives are much stronger now.
Another thing to look for in the 8-K is the relationship between depreciation and capital investment. Depreciation is a business saying my stuff is now worth less than last year because it is older. Capital investment is replacing that old worn out stuff. If a business is spending less on capital investment than they are depreciating they are burning the furniture to survive. If they are spending more on capital investment, then the business is growing. At Delta, we are about even this quarter which makes sense because we are upgrading our existing equipment but we already have extra jets, no need to buy more.
04-20-2010, 06:13 PM
Gets Weekends Off
Joined APC: Apr 2007
Position: Flying the SEC
Posts: 2,350
I liked it when the ER didn't have any domestic time. If you had three days left of reserve and didn't get a short call for that day you were done as there were no trips less than three days. 12 days off could become 15 easily. Now I see guys with 2 days left getting short calls. I hope this is not a trend.
04-20-2010, 06:13 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Originally Posted by alfaromeo
I don't know what interest rate they could get, they did send out EETC's last year on 777's and I think they paid around 7% for those. Brand new 777's are pretty marketable aircraft so I think we could still get a decent interest rate. There are also a bunch of upfront fees when you do a EETC because we wouldn't want the poor starving investment bankers on Wall Street to go hungry. Avoiding those upfront fees would be a strong incentive to use cash if you have it.
When you make a capital expenditure you are just exchanging one asset for another. If you have cash then you lose $100 million in cash but you have an asset that is worth $100 million so your net worth is the same. If you finance it, then you exchange $100 million in debt for the asset. That is why capex doesn't affect profit or loss and paying down debt doesn't either. You change your net worth by making or losing money running your business.
There are things such as asset writedowns that can affect the net worth of the company and thus they are included on profit/loss. Post-Enron it is getting tougher to play too many games with those and not end up in the pokey. It could happen, but the disincentives are much stronger now.
Another thing to look for in the 8-K is the relationship between depreciation and capital investment. Depreciation is a business saying my stuff is now worth less than last year because it is older. Capital investment is replacing that old worn out stuff. If a business is spending less on capital investment than they are depreciating they are burning the furniture to survive. If they are spending more on capital investment, then the business is growing. At Delta, we are about even this quarter which makes sense because we are upgrading our existing equipment but we already have extra jets, no need to buy more.
When you make a capital expenditure you are just exchanging one asset for another. If you have cash then you lose $100 million in cash but you have an asset that is worth $100 million so your net worth is the same. If you finance it, then you exchange $100 million in debt for the asset. That is why capex doesn't affect profit or loss and paying down debt doesn't either. You change your net worth by making or losing money running your business.
There are things such as asset writedowns that can affect the net worth of the company and thus they are included on profit/loss. Post-Enron it is getting tougher to play too many games with those and not end up in the pokey. It could happen, but the disincentives are much stronger now.
Another thing to look for in the 8-K is the relationship between depreciation and capital investment. Depreciation is a business saying my stuff is now worth less than last year because it is older. Capital investment is replacing that old worn out stuff. If a business is spending less on capital investment than they are depreciating they are burning the furniture to survive. If they are spending more on capital investment, then the business is growing. At Delta, we are about even this quarter which makes sense because we are upgrading our existing equipment but we already have extra jets, no need to buy more.
04-20-2010, 06:16 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Originally Posted by satchip
I liked it when the ER didn't have any domestic time. If you had three days left of reserve and didn't get a short call for that day you were done as there were no trips less than three days. 12 days off could become 15 easily. Now I see guys with 2 days left getting short calls. I hope this is not a trend.
04-20-2010, 06:16 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
Originally Posted by satchip
I liked it when the ER didn't have any domestic time. If you had three days left of reserve and didn't get a short call for that day you were done as there were no trips less than three days. 12 days off could become 15 easily. Now I see guys with 2 days left getting short calls. I hope this is not a trend.
Considering that the domestic category is slowly mixing into the ER category, I think that will be the new normal...
04-20-2010, 06:17 PM
Gets Weekends Off
Joined APC: May 2007
Posts: 593
Originally Posted by sinca3
What happens to the merger stock we all received when the new 401K takes effect?
I have heard we MUST sell it prior to the new choices or it will be sold and placed into one of the predesignated funds.....any truth to this?
What are the opinions out there on these changes?
I have heard we MUST sell it prior to the new choices or it will be sold and placed into one of the predesignated funds.....any truth to this?
What are the opinions out there on these changes?
04-20-2010, 06:24 PM
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Joined APC: Apr 2007
Position: Flying the SEC
Posts: 2,350
I know, I am not that naive. I don't see how we will be short, though. There are over 60 reserves available most days this month. How many more trips a day does it take to eat into that?
We are adding what, 3 or 4 destinations from JFK this summer? Throw in added frequency and you get maybe 10 additional crews a day. On the other hand, I may not know what the heck I'm talking about.
FTB, that is not a cue for you to make a witty remark!
We are adding what, 3 or 4 destinations from JFK this summer? Throw in added frequency and you get maybe 10 additional crews a day. On the other hand, I may not know what the heck I'm talking about.
FTB, that is not a cue for you to make a witty remark!
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