Any "Latest & Greatest" about Delta?
Anyone listen to Jim Graham on the 411 podcast? He mentioned that Delta should have a decision on airplane orders sometime in 3rd quarter for deliveries beginning in 2013. My question is what is available in 2013? Apparently C-Series orders are backed up until 2016. I don't know about Airbus or Boeing, but I think they are backed up as well. Also, are these replacement aircraft or for growth? Just wondering if anyone has any insight.
I would take it with a grain of salt until they are parked at the concourse, especially true with the current state of the economy. My first bet though would be the jets for which we already have a payrate in the contract.
Two quick contract questions as ALPA has not returned my call and I cant find the reference in the contract. How does the continuous duty pay work? We were late arriving and ended up with an 8:51 layover. Scheduler said we dont get the pay unless your layover is less than 8:15, FO said it should be 9:00..who's correct? Also do we get paid for repositioning an aircraft to the hanger? And if we do, how does one submit for pay? Thanks guys
That has been my overall average cash flow yield per year. Some years have been slightly higher than that and some have been slightly lower... like plus or minus a couple percent. I've been very pleased with the consistency and feel this is one of the greatest benefits of the method. In 2008, when the market was melting down big time, I had a 15% yield in my 401k and an 11% yield in my DC Plan. I have never realized any losses.
"Actively involved" is not the way I would classify my level of involvement at all. I have 5 accounts that I manage with the method (including my DPSP/401k and my DC Plan). You only trade this method one day each month. It's on the Monday following the third Friday (the third Friday is the day option contracts expire). It takes me about an hour on Sunday evening to do bookkeeping to get ready for trading on Monday. And then it takes me about 1 1/2 hours on Monday to actually run through the checklist and do the trades... followed by about another 45 minutes of bookkeeping to wrap things up. So all totaled, my Oklahoma public school education tells me this is a grand total of 3:15 per month. I like that I don't have to do anything else or even pay attention to it the rest of the time.
The method is not perfect. There's no such thing as a perfect investment method. If you consider it, just make sure you have a good, solid understanding of what it is, what it is not, and whether or not it fits in with your objectives, tolerance for risk, and temperament. I think Snider's web site does a pretty fair and balanced job of presenting the pros and cons. There's a lot of material there and you should be able to find what you need to help you figure out whether or not it is right for you.
Hope that helps.
"Actively involved" is not the way I would classify my level of involvement at all. I have 5 accounts that I manage with the method (including my DPSP/401k and my DC Plan). You only trade this method one day each month. It's on the Monday following the third Friday (the third Friday is the day option contracts expire). It takes me about an hour on Sunday evening to do bookkeeping to get ready for trading on Monday. And then it takes me about 1 1/2 hours on Monday to actually run through the checklist and do the trades... followed by about another 45 minutes of bookkeeping to wrap things up. So all totaled, my Oklahoma public school education tells me this is a grand total of 3:15 per month. I like that I don't have to do anything else or even pay attention to it the rest of the time.
The method is not perfect. There's no such thing as a perfect investment method. If you consider it, just make sure you have a good, solid understanding of what it is, what it is not, and whether or not it fits in with your objectives, tolerance for risk, and temperament. I think Snider's web site does a pretty fair and balanced job of presenting the pros and cons. There's a lot of material there and you should be able to find what you need to help you figure out whether or not it is right for you.
Hope that helps.
Two quick contract questions as ALPA has not returned my call and I cant find the reference in the contract. How does the continuous duty pay work? We were late arriving and ended up with an 8:51 layover. Scheduler said we dont get the pay unless your layover is less than 8:15, FO said it should be 9:00..who's correct? Also do we get paid for repositioning an aircraft to the hanger? And if we do, how does one submit for pay? Thanks guys
After the fact... I'd use the "Block Time Time" on the left side of Deltanet, and enter the stuff and put an explanation in.
First deliveries will be the CFM powered A321s with increased MTOW and sharklets... They become available late 2012, early 2013...
Phase II will be the replacement of the oldest A320s with A320NEO around 2016
Delta won't buy the C-Series. Too new, To little, too late and most of all too much... Why spend 30M+ on a 130 seater, when you can pick up 160 seaters for 10M/pop. That's a lot of cash for low single digit fuel burn/seat improvements.
In this case Boeing got nothing...except for a bunch of little brothers of the 160-seater looking for a home
Phase II will be the replacement of the oldest A320s with A320NEO around 2016
Delta won't buy the C-Series. Too new, To little, too late and most of all too much... Why spend 30M+ on a 130 seater, when you can pick up 160 seaters for 10M/pop. That's a lot of cash for low single digit fuel burn/seat improvements.
In this case Boeing got nothing...except for a bunch of little brothers of the 160-seater looking for a home
Two quick contract questions as ALPA has not returned my call and I cant find the reference in the contract. How does the continuous duty pay work? We were late arriving and ended up with an 8:51 layover. Scheduler said we dont get the pay unless your layover is less than 8:15, FO said it should be 9:00..who's correct? Also do we get paid for repositioning an aircraft to the hanger? And if we do, how does one submit for pay? Thanks guys
According to DALPA MEC Scheduling Alert 06-07 (excerpt without the example rotation they show):
Because the
pilots’ actual rest was less than the 8:15 minimum required, they did not receive a
contractual break in duty and were therefore due “1 for 2” duty period credit for the
continuous duty from the report on C day to release on D day. This continuous duty
period is reflected in the combined block time for C and D days shown on D day.
And PWA 12.K
K. Duty Period Credit (“1 for 2”)
1. A pilot who reports for duty will be guaranteed a minimum duty period credit. Such
credit will be calculated on the greater of scheduled or actual duty time, prorated on a
minute-by-minute basis, for each duty period, as follows:
a. one hour credit for every two hours of duty time from 0600 to 2200 (pilot’s base
time), and
b. one hour credit for every one and three quarters hours of duty time,
1) from 2200 to 0600 (pilot’s base time), or
2) from 2200 to release from a duty period that includes 0359 (pilot’s base time).
2. A pilot who is granted a personal drop for a duty period(s) or portion thereof, will not be
eligible for duty period credit for such duty period(s).
And 12.G
3. While away from his base, the actual break-in-duty of an international category pilot on a
duty period composed solely of domestic or intra-theatre flying and a domestic category
pilot will be at least:
a. 8:15 hours, if his scheduled duty time in the duty periods immediately before and
after such break-in-duty totals 20 hours or less.
b. 9 hours, if his scheduled duty time in the duty periods immediately before and after
such break-in-duty totals more than 20 hours.
From DALPA MEC Scheduling Alert 06-04
MYTH: We do not get paid for going “1 for 2” anymore.
FACT: We are still paid “1 for 2” duty credit. However, the way that duty period credit is now applied
means that it can be absorbed into total rotation time in the same way that trip credit can.
Prior to Letter #48, the flight time and the duty period credit for each duty period were compared, and
the pilot was paid the greater of the two on a day-by-day basis. This often resulted in three to four hours
of additional pay. Now, the total flight time for the rotation is compared to the total duty period credit for
the rotation, and the pilot is paid the greater of the two. In other words, the duty period credit that is
generated in the continuous “1 for 2” duty period may be offset by the flight time in another, more
efficient, duty period. As a result, going “1 for 2” results in one to two hours of extra pay at the most.
Section 12 I. 5. allows a pilot who, through no fault of his own, arrives at his layover hotel less than eight
hours before scheduled pick up to inform Crew Scheduling that he will be unable to report for pickup until
at least eight hours after his arrival at the hotel. In accommodating a pilot’s request for eight hours at the
hotel, the company may choose to delay the departure time of the next day’s flight; the new report may
result in the pilot receiving a contractual break in duty making him no longer eligible for “1 for 2” pay.
And from when Scheduling Calls:
Contractual Break in Duty
There are two sets of contractual minimum break-in-duty criteria the
company must follow—one is for scheduling purposes, i.e., creating
rotations and reroutes for pilots, and the other is for actual use once a
18 August 2009
rotation is under way. The required break varies according to the type
of fl ying being performed and the combined length of the duty periods
on either side of the break. Note: The applicable break in duty may be
higher for line construction purposes. See Section 23 D. 12 and 13.
Reroutes into revised layovers must be scheduled with the applicable
contractual scheduled minimum break in duty. Upon arrival at the
layover, actual minimum break-in-duty times apply. Under some
circumstances, FAR required rest may exceed Contractual Minimum
Break.
A pilot’s duty period will continue until he has received a break-in-duty
as specifi ed below. This may generate additional duty period credit (“1
for 2”).
Two quick contract questions as ALPA has not returned my call and I cant find the reference in the contract. How does the continuous duty pay work? We were late arriving and ended up with an 8:51 layover. Scheduler said we dont get the pay unless your layover is less than 8:15, FO said it should be 9:00..who's correct? Also do we get paid for repositioning an aircraft to the hanger? And if we do, how does one submit for pay? Thanks guys
I haven't looked it up but it used to be if the total of the scheduled duty periods before and after was under 20 hours, 1 for 2 kicked in with less than an 8:15 break in duty. If the sum of the scheduled duty periods was over 20 hours, 1 for 2 kicked in with less than a 9 hour break.
Denny
If you decide to take the class, just be sure you get a referral from someone who has already taken it... you will get a small discount. PM me if you don't know any Snider alums and need me to put a referral in for you.
Thread
Thread Starter
Forum
Replies
Last Post