Any "Latest & Greatest" about Delta?
10-11-2011 | 10:59 AM
veut gagner à la loterie
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From: Light Chop
Gary K., 1seat, 1eng, and all those other WN guys are all over it!! 
Airtran Deal Could Hold Southwest Back: Deutsche Bank - Stocks To Watch Today - Barrons.com
Deutsche Bank analyst Michael Linenberg downgraded Southwest (LUV) today to Hold from Buy on concerns that it will have trouble integrating Airtran, the company it bought earlier this year. Southwest plans to integrate Airtran’s routes next year.
“The key downside risk factor for LUV, in our view, is integration risk given that airline mergers are complex and time consuming as disparate technology systems, labor groups
, cultures, fleets, and facilities are combined,” Linenberg writes.
He dropped his price target to $9 from $16. Southwest closed on Monday at $7.97, up 3.6%.
Airtran Deal Could Hold Southwest Back: Deutsche Bank - Stocks To Watch Today - Barrons.com
Deutsche Bank analyst Michael Linenberg downgraded Southwest (LUV) today to Hold from Buy on concerns that it will have trouble integrating Airtran, the company it bought earlier this year. Southwest plans to integrate Airtran’s routes next year.
“The key downside risk factor for LUV, in our view, is integration risk given that airline mergers are complex and time consuming as disparate technology systems, labor groups
, cultures, fleets, and facilities are combined,” Linenberg writes.He dropped his price target to $9 from $16. Southwest closed on Monday at $7.97, up 3.6%.
Im surprised they didnt tell FL pilots they've got to repay SWA for their 737 types and 717 types. Payroll deduct.
10-11-2011 | 11:06 AM
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From: "Prof" button manipulator
If one hasn't, to summarize one of the steadfast points in the book, one must always take care of their "production" & "production control". (P/PC equation.)
To take the analogy from the book, they use the "Goose and the Golden Egg tale". The "Golden Egg" = "product" = "award winning customer service". The "Goose" = "production control" = "happy employees". Without one, the newly merged "SouthTran" will never have the other. Gary K. is literally killing the "Golden Egg producing Goose" by bringing a labor group into the mix with the animosity that the FL guys will carry with them.
Gary's myopia to ensure the culture remains intact will be his Achilles heal.
Fly safe,
GJ
10-11-2011 | 12:14 PM
Underboob King
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From: Guppy Commander
Starting January the Memphis hub will be will be down from 164 to 149 with 7 routes plus reductions on selected markets.
Cancelled:
George
Cancelled:
- Baltimore
- Grand Rapids
- Gulfport
- Mobile
- Panama City
- Seattle
- Memphis
- Cleveland
- Huntsville
- Jacksonville
- Newark
- Philadelphia
- Shreveport
George
10-11-2011 | 12:35 PM
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From: Boeing Hearing and Ergonomics Lab Rat, Night Shift
10-11-2011 | 12:38 PM
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I think we all agree on the basics of providing a secure survivor benefit but finding a good way to do it remains elusive. What if it was a fund separate from Delta much like the DPMA fund? Is that something that is doable? I understand avoiding "broken promises" but having the company fund an account that is not controlled by them might be the way to go.
Your thoughts??
Your thoughts??
I'll take the cash now, thank you very much; and provide for my survivor's on my own, without trusting Delta for ANYTHING.
Pay me....TODAY.
10-11-2011 | 12:44 PM
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I don't think you are either. After the pension debacle I understand completely where you are coming from as far as having the benefit in your own name but I'm not ready to completely give up on JL's proposal just yet.
Is the D&S plan protected by ERSIA? If it is, I would think the company would have a hard time getting rid of it outside of bankruptcy and even inside of bankruptcy if the plan is close to being self funding. I know this would be a hard if not impossible question to answer but how close is the plan to being self funding? I know it all depends on the investment return but I would be curious how it has performed in the last few years and what it's expenses each year have been. Before I make a decision about what I'd like, I'd want to see the actual numbers of potential future survivors receiving benefits that you alluded to in a previous post.
Thanks for the civil discussion.
Denny
Is the D&S plan protected by ERSIA? If it is, I would think the company would have a hard time getting rid of it outside of bankruptcy and even inside of bankruptcy if the plan is close to being self funding. I know this would be a hard if not impossible question to answer but how close is the plan to being self funding? I know it all depends on the investment return but I would be curious how it has performed in the last few years and what it's expenses each year have been. Before I make a decision about what I'd like, I'd want to see the actual numbers of potential future survivors receiving benefits that you alluded to in a previous post.
Thanks for the civil discussion.
Denny
10-11-2011 | 01:15 PM
At home on the maddog!
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From: Retired (mandatory age 65)
Denny, I googled "Delta Air Lines Form 5500". Up popped a link to download that off the "Disabled Delta Pilots & Survivor's Association" website. If you reference that, it pretty much validates what slowplay said earlier. As of 6/30/10, the D&S has about $1B in assets, but $1.8B in liabilities, with the majority of those liabilities to pay current survivors and future survivors of current retirees. Considering, its substantially underfunded at present, it seems a bit unfair to drain the fund further to pay me a future survivor benefit, unless, of course, we want to negotiate to greatly increase the funding. But that would be significant cash, and I'd rather have that in my paycheck, rather than the D&S Trust.
10-11-2011 | 01:20 PM
veut gagner à la loterie
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From: Light Chop
10-11-2011 | 01:28 PM
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10-11-2011 | 02:05 PM
Underboob King
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From: Guppy Commander
Reports in lga slot swap I'd DONE!
http://www.businessweek.com/news/201...lot-trade.html
Delta Wins LaGuardia Growth Bid as U.S. Backs Flight-Slot Trade
October 11, 2011, 5:05 PM EDT
Oct. 11 (Bloomberg) -- Delta Air Lines Inc. won federal regulators’ approval to build a domestic hub at New York’s LaGuardia airport by trading takeoff and landing slots with US Airways Group Inc.
The accord gives Delta 132 more LaGuardia slot pairs and control of about half the flights there, in exchange for swapping 42 of its pairs at Washington’s Ronald Reagan National Airport with US Airways, the U.S. Department of Transportation said today in a filing. The carriers must divest 24 pairs to smaller rivals, 16 at LaGuardia and eight at National.
Delta’s advantage at LaGuardia over AMR Corp.’s American Airlines, the second-biggest carrier there, will grow as it takes over most of the US Airways terminal space. Creating a domestic hub at LaGuardia will complement Atlanta-based Delta’s international hub at Kennedy airport.
http://www.businessweek.com/news/201...lot-trade.html
Delta Wins LaGuardia Growth Bid as U.S. Backs Flight-Slot Trade
October 11, 2011, 5:05 PM EDT
Oct. 11 (Bloomberg) -- Delta Air Lines Inc. won federal regulators’ approval to build a domestic hub at New York’s LaGuardia airport by trading takeoff and landing slots with US Airways Group Inc.
The accord gives Delta 132 more LaGuardia slot pairs and control of about half the flights there, in exchange for swapping 42 of its pairs at Washington’s Ronald Reagan National Airport with US Airways, the U.S. Department of Transportation said today in a filing. The carriers must divest 24 pairs to smaller rivals, 16 at LaGuardia and eight at National.
Delta’s advantage at LaGuardia over AMR Corp.’s American Airlines, the second-biggest carrier there, will grow as it takes over most of the US Airways terminal space. Creating a domestic hub at LaGuardia will complement Atlanta-based Delta’s international hub at Kennedy airport.
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