Airline Pilot Central Forums - Any "Latest & Greatest" about Delta?

I know you know this Johnso but full planes are no accurate reflection on capacity...

There never has been over or under capacity, just under revenue.
Unfortunately if you cut capacity to fix revenue you end up in a zero-sum game: A low margin business with reduced volume (capacity) means already low margin is further reduced.

For contract time we will hear all about how CASM is up, RASM is down, etc.

Let's keep in mind the DAL pilot portion of CASM is 30% less than the WN pilot portion of CASM. Pilot pay is not what is driving up cost...

Cheers
George

gloopy

10-04-2011 01:22 PM

Quote:

Originally Posted by dragon (Post 1064496)

Ok -10. Now how do I resize this thing?

That's what she said?

gloopy

10-04-2011 01:29 PM

Quote:

Originally Posted by scambo1 (Post 1064528)

Not investment advice, do your own due diligence, you are responsible for your own actions.

That said and I hope I'm right. The Bernanke just finished talking and quite eloquently I must say. Clearly he put responsibility in the lap of the government. While he was talking, the market was slightly buoyed, bear market rally. Dead cat bounce for the laymen.

I'm not recommending that anyone does anything, but I like TZA at this point, maybe for the next week.

Anyone else got an opinion?

DYODD, not investment advice.

Long on prescious metals, buying the dips while dollar cost averaging (poor man's arbitrage [sp]) while staying liquid enough to jump into real estate when phase 2 of that bubble collapse happens (we're not done falling yet and it's still being propped up quite a bit).

I'm not smart enough to day trade so I gotta surf the long term trends.

ShyGuy

10-04-2011 01:32 PM

Where's that Delta hiring spree that was suppose to come? :rolleyes:

Maddoggin

10-04-2011 01:33 PM

Off topic but planning a pop up trip to Barcelona next week. Anyone know any hotel deals in BCN.

johnso29

10-04-2011 01:33 PM

Quote:

Originally Posted by georgetg (Post 1064698)

With system wide capacity down & ticket prices staying high, I believe capacity discipline can increase profits. Isn't it supply & demand?

gloopy

10-04-2011 01:34 PM

I'll grant you that, but it keeps coming back to the same intellectual catch 22. My main problem is someone telling me to trust them based on secret information and then me having to make a decision on said info. At the very least I think a majority of those in power should not sign NDA's or it gets quasi-oligarchy real quick.

Quote:

Originally Posted by georgetg (Post 1064554)

gloopy, I kind of disagree.

I don't really care if we have internal guys "in the know" under NDA.
What's important is how that information is used.

If the information leads to great improvements in pay/workrules/seniority/qol then we all win.

I think the issue up for debate is how effective the people with access to non-public information are at getting those improvements... And the only way to know that would be to see the NDA information and look at the results...

Cheers
George

gloopy

10-04-2011 01:38 PM

Quote:

Originally Posted by tsquare (Post 1064558)

Uh.. what? Why WOULDN'T they be above board with those sworn not to tell what they have learned? I have no idea what the penalty for violating those kinds of agreements would be, but I would think it would damage any future relationship with management. With that in mind, it would be STUPID for someone to violate that trust, unless they had an agenda of screwing the pilot group as a whole. I know there are those that believe that might be the case, but... really?

Easy. Let's assume management wants to give us as little as possible. Let's further assume that they will go to borderline ruthless lengths to do so. We all know how even "true" statistics can skew the reality (like 5/4/4/4 is a "raise" when clearly it is barely a wheel spinning 4 year break even extension) it's not that big a stretch to see how management can "give" just enough top secret information to win someone's favor over lobster and brandy and then count on that guy to go to the rank and file with "trust me you want to sign this but I can't tell you why" and presto we end up with less than the best deal.

hockeypilot44

10-04-2011 01:45 PM

Quote:

Originally Posted by johnso29 (Post 1064712)

With system wide capacity down & ticket prices staying high, I believe capacity discipline can increase profits. Isn't it supply & demand?

There are always airlines expanding where we contract. Right now it's Jetblue, Virgin America, Alaska, and Hawaiian. It's usually Southwest.

gloopy

10-04-2011 01:47 PM

Quote:

Originally Posted by dragon (Post 1064636)

Love it.

I said the same thing on training and am especially interested in hiding pay increases from the other employee groups and Wall Street.

I went on to say, I don't care if the company feels they have to give whatever we negotiate to the other groups. That's not our problem. Each group should get what THEY negotiate.

It's not about hiding anything. The company will squeal total costs if they have to. Don't think they won't. When they say percentage we translate that into plus or minus SWA and then back out all expected compounded inflation. Suddenly that 70% is a small fraction of that.

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