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

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Quote:

Originally Posted by sailingfun (Post 1095370)

I don't remember specific details but the rumor of a change to 3 year compliance was posted on the Dalpa website and the contract guys corrected the post and said it was not the case. The rumor that drifted over there came from there. They posted how it would actually function and the original poster spoke with someone directly and got the gouge on how it works. In fact the clause is why we are picking up several routes from AirFrance such as Chicago and SEA. The Airfrance people are hopping mad about it by the way.

It's not a rumor.
Read the Live contract PWA Section 1 P 4.

The new compliance window began April 1 2011 and closes March 31 2014.
While we are in that period we have no ability to contractually require the company to any balance of flying.

Capacity share percentages for all previous years are disregarded.

We are currently at 46%...

At the end of the period in 2014 Delta will be required to get the 3-year average to at least 48.5% by 2015, either by increasing delta flying of decreasing AFKLM/AZ flying.

I take no pleasure, nor do I care that AFKLM/AZ are "hopping mad"

I'm "hopping mad" that we are stuck with less flying and unable to contractually require a remedy until 2014.

Cheers
George

As for ORD that's temporary till March 2012, then it goes away...

So I was shopping with the wife in Victorias Secret today and noticed all the models from a few years ago are all gone and replaced with brand new 18-20 year old models. I started thinking, "dam if Victoria Secret can do it, then why can't the airlines?" I hear that's how it used to be in the golden days of aviation!

Quote:

Originally Posted by sailingfun (Post 1095370)

It might behoove you to check out the live contract and check out all the fancy crossing out and adding that has been done below our noses.

Quote:

Originally Posted by cni187 (Post 1095386)

Things certainly can change over time.

http://3.bp.blogspot.com/__BHmyOMAaQ...cashopping.jpg

Quote:

Originally Posted by hockeypilot44 (Post 1095327)

Have we actually had anybody retire prior to reaching age 65 other than the perps? It seems that very few (single digits each year) are retiring prior to the mandatory retirement age. To make things even worse, it seems the over 60 crowd are all flying as much as possible (think trip parking).

The answer is YES. We even have guys retiring BEFORE 60 that aren't PERPS.

Quote:

Originally Posted by sailingfun (Post 1095370)

The Airfrance people are hopping mad about it by the way.

How is this in the slightest bit relevant?

and why is this of the slightest concern to DALPA?

Quote:

Originally Posted by johnso29 (Post 1095426)

The answer is YES. We even have guys retiring BEFORE 60 that aren't PERPS.

What are PERPS?

Quote:

Originally Posted by Delta1067 (Post 1095430)

What are PERPS?

Early retirement program.

Quote:

Originally Posted by groundstop (Post 1095235)

I think most guys that say they are leaving around 61/62 are wishful thinking. They are going to get to that point and realize that they are going to need some extra money for their retirement. College tuition has wiped them out and they are going to want to recover from that. They have decent seniority so they can build pretty easily.

I hear a lot of guys say 62. But I have my doubts. I hate to say it, but most guys probably just have nothing better to do. Of course this doesn't only apply to pilots, but that whole age group. The rare few actually will actual retire at 60 and go fishing, travel, and visit their grandchildren.

Actually, I think the biggest thing that hits guys trying to go before 65 is the cost of health care (until 65 and medicare - another pyramid scheme that will go bust - topic for another thread). Our retiree medical care premiums are very expensive and private alternatives are even worse. While they may choose to fly less (semi-retirement) it still doesn't open up their slot. The other thing is with life expectancies continue to improve it's takes a lot of money to retire without a pension. If you want some idea what that means most planner say you can figure on a 4-5% withdrawal rate which means for senior Captains with an income of $200,000 plus they are going to need 4-5 MILLION in the bank if they want to keep their same lifestyle and stop working.

Quote:

Originally Posted by johnso29 (Post 1095426)

The answer is YES. We even have guys retiring BEFORE 60 that aren't PERPS.

Actually, what usually happens is the guys go out on Long Term Disability for the last few years before retirement (heart problems, no First Class med for a variety of reasons). For the first 18 months they are basically on full pay (Short Term disability and DPMA). After that, they are at 50% pay but the benefit of only paying normal premiums and even being able to save in the 401K (no match obviously) means that they are essentially retired without showing up as "Retired" until they reach 65. I have been told (by people in the Disability office) that most people on long term disability do not return to work.