Any "Latest & Greatest" about Delta?
09-23-2011, 09:37 AM
Gets Weekends Off
Joined APC: Oct 2009
Position: Delta M88 A ATL
Posts: 383
Delta Pilots C2K Restoration Facts
(Contract 2013 Survey Reference Guide)
♦ 2004 LOA #46 concessions saves Delta nearly $1B per year1
♦ 2006 LOA #51 Pilot Pension termination savings potential excess of $1B2
♦ Concessions1: Since 2004 (just a few of the highlights)
• 32.5% Pay Cut - 29.5% adjusted for pay rate increases through 2012
(Requires a 41.5% increase to restore C2K w/o a COLA)
• Per Diem Reduced (Int. $2.90 to $2.50, Dom. $2.40 to $2.00)
• Night Pay lost (CA - $15, FO - $10)
• International Pay reduced (CA - $8 to $6, FO - $6 to $4)
• Reduced Vacation Day Value (3.75 to 3.0)
• Lost 6th week of Vacation
• Sick Leave Bank system greatly reduced & diluted
• Accident Leave reduced (120 days to 90 days)
• Change to PBS scheduling system with loss of reserve High/Low Yellow Slip
• Monthly Cap system changed to ALV reducing the minimum monthly guarantees
♦ Delta 2008 Contract vs Industry Leaders3: (a few more highlights)
• 15+ year CA B767, $189hr vs $262hr (a 39% increase, C2K = $268hr)
• 12 year FO % of CA pay, 68.3% vs 71.6%
• Regular Line Guarantee, 65hrs vs 81hrs
• Reserve Line Guarantee, 70hrs vs 81hrs
• Vacation Pay Per Day, 3.00hrs vs 6.00hrs
• Training Pay, 3:15hrs vs 4:40hrs (3:30 if <6:00hrs, think CQ on CD or distance learning)
• Sick Leave, 240hrs (3yr spread) w/ no bank vs 90hrs year w/ 1080hr bank
• Medical PPO + Dental monthly premium, $399 vs $35
• Disability Pay, 50% vs 66.6%
♦ Delta carries 160 million passengers per year4
♦ Delta has successfully raised fares 10 times this year $6 - $10 round trip5
♦ Delta made $952M in “Baggage Fees” alone during 20106
♦ A $1B contract restoration would cost $6.25 per passenger!
(This happens to be the price of Delta’s “Fruit & Cheese Plate” or a Venti, Non-fat Latte)
♦ Can Delta Air Lines afford to restore C2K ? or even C2K+ ?
Tell DALPA what YOU think, fill out the survey AND contact your LEC representatives.
1 DALPA 2011 Contract History
2 AirWise News, US Bankruptcy Court – Reuters, 9/5/06
3 DALPA 2011 Contract Comparison
4 Delta News Release 7/6/11, news.delta.com
5 J.P.Morgan – Jamie Baker, USA Today 9/9/11
6 AirlineReporter.com 7/1/11
(Contract 2013 Survey Reference Guide)
♦ 2004 LOA #46 concessions saves Delta nearly $1B per year1
♦ 2006 LOA #51 Pilot Pension termination savings potential excess of $1B2
♦ Concessions1: Since 2004 (just a few of the highlights)
• 32.5% Pay Cut - 29.5% adjusted for pay rate increases through 2012
(Requires a 41.5% increase to restore C2K w/o a COLA)
• Per Diem Reduced (Int. $2.90 to $2.50, Dom. $2.40 to $2.00)
• Night Pay lost (CA - $15, FO - $10)
• International Pay reduced (CA - $8 to $6, FO - $6 to $4)
• Reduced Vacation Day Value (3.75 to 3.0)
• Lost 6th week of Vacation
• Sick Leave Bank system greatly reduced & diluted
• Accident Leave reduced (120 days to 90 days)
• Change to PBS scheduling system with loss of reserve High/Low Yellow Slip
• Monthly Cap system changed to ALV reducing the minimum monthly guarantees
♦ Delta 2008 Contract vs Industry Leaders3: (a few more highlights)
• 15+ year CA B767, $189hr vs $262hr (a 39% increase, C2K = $268hr)
• 12 year FO % of CA pay, 68.3% vs 71.6%
• Regular Line Guarantee, 65hrs vs 81hrs
• Reserve Line Guarantee, 70hrs vs 81hrs
• Vacation Pay Per Day, 3.00hrs vs 6.00hrs
• Training Pay, 3:15hrs vs 4:40hrs (3:30 if <6:00hrs, think CQ on CD or distance learning)
• Sick Leave, 240hrs (3yr spread) w/ no bank vs 90hrs year w/ 1080hr bank
• Medical PPO + Dental monthly premium, $399 vs $35
• Disability Pay, 50% vs 66.6%
♦ Delta carries 160 million passengers per year4
♦ Delta has successfully raised fares 10 times this year $6 - $10 round trip5
♦ Delta made $952M in “Baggage Fees” alone during 20106
♦ A $1B contract restoration would cost $6.25 per passenger!
(This happens to be the price of Delta’s “Fruit & Cheese Plate” or a Venti, Non-fat Latte)
♦ Can Delta Air Lines afford to restore C2K ? or even C2K+ ?
Tell DALPA what YOU think, fill out the survey AND contact your LEC representatives.
1 DALPA 2011 Contract History
2 AirWise News, US Bankruptcy Court – Reuters, 9/5/06
3 DALPA 2011 Contract Comparison
4 Delta News Release 7/6/11, news.delta.com
5 J.P.Morgan – Jamie Baker, USA Today 9/9/11
6 AirlineReporter.com 7/1/11
09-23-2011, 09:56 AM
Line Holder
Joined APC: Sep 2007
Position: Stuck in the north!
Posts: 75
When did this survey come out? Is it for everyone to take or just sent to people at random.
I looked for it on the ALPA but could not find it.
Thanks
BFS
I looked for it on the ALPA but could not find it.
Thanks
BFS
09-23-2011, 10:06 AM
Gets Weekends Off
Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
Contract Survey is indeed out! Its on the DALPA site. Let 'er rip boyz!
09-23-2011, 10:09 AM
Gets Weekends Off
Joined APC: Nov 2010
Position: Boardroom Chair
Posts: 126
Originally Posted by BigGuns
#27 on the survey:
I request the DAL MEC pursue a 20% reduction in allowable regional carrier airframes that are capable of, or currently contain, 70 or more seats to be completed within no later than two years from the date of signing of our next contract.
If ALPA can even legally ask for that without being sued by other ALPA DCI carriers... We will see!
I request the DAL MEC pursue a 20% reduction in allowable regional carrier airframes that are capable of, or currently contain, 70 or more seats to be completed within no later than two years from the date of signing of our next contract.
If ALPA can even legally ask for that without being sued by other ALPA DCI carriers... We will see!
In order to restore unity, provide for career protection, advancement, opportunity and the growth of Delta Air Lines, I demand my union's stated goal be that ALL Delta flying be performed by Delta pilots. Joint Ventures and code shares will be submitted individually to the MEC and open to membership ratification, but in no case will Delta allow operations where the Delta seats on any flight exceed 50% of that flights total passenger load and Delta pilots operate at least 50% of the code share flying. ANY NEW FLIGHT OPERATIONS UNDERTAKEN BY DELTA, a parent corporate structure which includes Delta Airlines, any successor Company, or any subsidiary, or affiliate, WILL BE FLOWN BY DELTA PILOTS.
09-23-2011, 10:18 AM
Gets Weekends Off
Joined APC: Jan 2008
Position: blueJet
Posts: 4,512
Originally Posted by BigGuns
I request the DAL MEC pursue a 20% reduction in allowable regional carrier airframes that are capable of, or currently contain, 70 or more seats to be completed within no later than two years from the date of signing of our next contract.
Reduction?
Allowable?
Regional?
Carrier?
Capable?
Currently?
Seats?
And does two years mean 24 months, or 730 days, or two full years in addition to the year in which the new contract is signed?
09-23-2011, 10:22 AM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
Let this influence your contract survey:
Investors jump into airlines
September 23, 2011, 1:51 PM
Investors jumped into airlines on Friday after J.P. Morgan made a bullish case for the sector.
In the past week the NYSE Arca Airline Index XAL has declined about 8%, and carrier stocks are down nearly 40% from their November peak. Enthusiasm for the economically-sensitive sector has been hard to come by in the face of global economic slowdowns and the credit turmoil in Europe.
“The market ‘appears’ to be discounting a 2009 redux,” said J.P. Morgan, referring to the 2008-2009 equity slump that occurred following the collapse of Lehman Brothers and the freezing up of credit markets.
In that year airlines had been posting huge losses as fuel prices climbed and demand dried up. Capital markets were shut and liquidity was running thin, the investment firm said.
Today the carriers are flush with cash, the industry is making money and consolidation has allowed for tighter capacity control to keep ticket prices high.
“Airline stocks have behaved the way they have in the past upon entering a typical recession,” J.P. Morgan said. “Turns out, most look cheap to us, meaning cheaper still should the economic outcome ultimately be less severe.”
J.P. Morgan has overweight ratings on Delta Air Lines DAL, United Continental UAL, US Airways LCC, and JetBlue JBLU.
Analysts say to steer clear of AMR AMR, which has a high cost structure and looks poised to see wider losses next year.
-Christopher Hinton
September 23, 2011, 1:51 PM
Investors jumped into airlines on Friday after J.P. Morgan made a bullish case for the sector.
In the past week the NYSE Arca Airline Index XAL has declined about 8%, and carrier stocks are down nearly 40% from their November peak. Enthusiasm for the economically-sensitive sector has been hard to come by in the face of global economic slowdowns and the credit turmoil in Europe.
“The market ‘appears’ to be discounting a 2009 redux,” said J.P. Morgan, referring to the 2008-2009 equity slump that occurred following the collapse of Lehman Brothers and the freezing up of credit markets.
In that year airlines had been posting huge losses as fuel prices climbed and demand dried up. Capital markets were shut and liquidity was running thin, the investment firm said.
Today the carriers are flush with cash, the industry is making money and consolidation has allowed for tighter capacity control to keep ticket prices high.
“Airline stocks have behaved the way they have in the past upon entering a typical recession,” J.P. Morgan said. “Turns out, most look cheap to us, meaning cheaper still should the economic outcome ultimately be less severe.”
J.P. Morgan has overweight ratings on Delta Air Lines DAL, United Continental UAL, US Airways LCC, and JetBlue JBLU.
Analysts say to steer clear of AMR AMR, which has a high cost structure and looks poised to see wider losses next year.
-Christopher Hinton
09-23-2011, 10:28 AM
Gets Weekends Off
Joined APC: Nov 2010
Position: Boardroom Chair
Posts: 126
Elvis,
What you see is mostly a reaction to oil prices and the fact that manipulative traders like Goldman Sachs (who use our tax money to bet against us) are getting their butts handed to them.
Airlines are not a counter trend trade for the overall economy. Just oil.
The market is foolish. Republic's stock is up today while insiders are dumping like an ER FO on his first day home from a 9 day after a breakfast of raisin bran. That even with the fact that most of RJET's fuel is a pass through cost.
What you see is mostly a reaction to oil prices and the fact that manipulative traders like Goldman Sachs (who use our tax money to bet against us) are getting their butts handed to them.
Airlines are not a counter trend trade for the overall economy. Just oil.
The market is foolish. Republic's stock is up today while insiders are dumping like an ER FO on his first day home from a 9 day after a breakfast of raisin bran. That even with the fact that most of RJET's fuel is a pass through cost.
09-23-2011, 10:34 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by buzzpat
Hey, a little tofu with a drizzle of aged balsamic and extra virgin olive oil pairs well with a crisp Pinot Grigio with fruity undertones.
Buzz;
Do you wear eurotrash glasses? You know like ted danson.
09-23-2011, 10:35 AM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,990
Originally Posted by Boomer
Be sure our legal experts at ALPA include the official definitions of:
Reduction?
Allowable?
Regional?
Carrier?
Capable?
Currently?
Seats?
And does two years mean 24 months, or 730 days, or two full years in addition to the year in which the new contract is signed?
Reduction?
Allowable?
Regional?
Carrier?
Capable?
Currently?
Seats?
And does two years mean 24 months, or 730 days, or two full years in addition to the year in which the new contract is signed?
The DPA is building on their false platform with a meaningless demand.
Jabberwock stated it perfectly.
09-23-2011, 10:40 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by Jabberwock
Why the pansy, lacy waist, nut less "request." Instead of something arbitrary, why not something based on sound principle ... like
In order to restore unity, provide for career protection, advancement, opportunity and the growth of Delta Air Lines, I demand my union's stated goal be that ALL Delta flying be performed by Delta pilots. Joint Ventures and code shares will be submitted individually to the MEC and open to membership ratification, but in no case will Delta allow operations where the Delta seats on any flight exceed 50% of that flights total passenger load and Delta pilots operate at least 50% of the code share flying. ANY NEW FLIGHT OPERATIONS UNDERTAKEN BY DELTA, a parent corporate structure which includes Delta Airlines, any successor Company, or any subsidiary, or affiliate, WILL BE FLOWN BY DELTA PILOTS.
In order to restore unity, provide for career protection, advancement, opportunity and the growth of Delta Air Lines, I demand my union's stated goal be that ALL Delta flying be performed by Delta pilots. Joint Ventures and code shares will be submitted individually to the MEC and open to membership ratification, but in no case will Delta allow operations where the Delta seats on any flight exceed 50% of that flights total passenger load and Delta pilots operate at least 50% of the code share flying. ANY NEW FLIGHT OPERATIONS UNDERTAKEN BY DELTA, a parent corporate structure which includes Delta Airlines, any successor Company, or any subsidiary, or affiliate, WILL BE FLOWN BY DELTA PILOTS.
Keep 'em coming boys!!! I heart this.
Thread
Thread Starter
Forum
Replies
Last Post
