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Originally Posted by forgot to bid
(Post 1122307)
I bid reserve on purpose. I am not in favor of raising the guarantee above 70.
I'd rather get paid the same for doing the same work. And paid for short call. tinkering with the min guarantee is to me asking for the trap door below you to be opened. ---- As to a 2-year 20% raise, I'm all for that... if we're paid by the duty hour. |
ACL, I realize quoting this it makes it look like I'm quoting stuff you said, I hope people go back and read what you posted because I'm not disagreeing with you.
Originally Posted by acl65pilot
(Post 1121982)
A presidential election is the Super Bowl of politics. In this game, sides form, deals are made, and presidents are created by the public vote—and sometimes not. In 2000 we witnessed the Electoral College decide the presidential race when the popular vote was for another candidate. In that election, Gore won the popular vote by close to 500,000 votes, only to lose the Electoral College vote to Bush (271 to 266) and lose the presidency. There are a total of 538 Electoral College votes; you need 270 votes to win. At this moment, the race might be close. If it is, the Electoral College could again be the deciding vote. As we saw in Florida in 2000, every chad counts. Could the employee-lobbying efforts on behalf of Delta and US Airways to gain the swap slot have been a test run for bigger events? While the timing of American’s bankruptcy was not known, many experts were prognosticating it was going to happen, just not when.
Originally Posted by acl65pilot
(Post 1121982)
Our recent dealings with government regarding the LGA slot swap and the flight time/duty time cargo “carve out” of rest rules show that money, manpower, politics, and politicians goes hand in hand.
Originally Posted by acl65pilot
(Post 1121982)
For us to summarily dismiss a Delta purchase of AMR due to combined size would not be wise.
Originally Posted by acl65pilot
(Post 1121982)
In an election year could the normally unthinkable be possible?
Four pivotal states in this year’s election are classified as swing states or up for grabs. These states are Pennsylvania (20), North Carolina (15), Michigan (16), and Florida (29). While this scenario is not worthy of an Oliver Stone movie, the truth is out there and a plausible and possible scenario exists. Each of the swing states has a corresponding hub—Delta has DTW in Michigan, US Airways has hubs in CLT North Carolina and PHL Pennsylvania, and AMR has MIA in Florida. So these four states, full of airline employees hold one-third or 90 of the 270 Electoral College votes needed to win the Electoral College*vote for president. If*Delta and US Airways were to use their previously demonstrated*skills*at lobbying*in Washington, D.C., is it*possible that they might use the*same tactic to support a candidate for president who supports a transaction involving AMR? In addition to the many employees in these swing states, there are*many banks headquartered in Charlotte and with the new*Boeing assembly plant in South Carolina, how much pressure could their respective employees*exert? Put it this way, the CHS Boeing plant is iced by the NLRB, that's political on so many levels that the average joe in SC and WA see it as a free enterprise vs D.C. vs union issue. Pick your political side. AMR goes bankrupt? Hubs and assets split up? It won't register on the national or any state care-o-meter for three reasons: First, there is nothing political to it as there is with the CHS Boeing plant. To the average American finding out an airline went bankrupt is like finding out an alcoholic got a DUI. If your business is flying airplanes, you'll go bankrupt at some point. Happens all of the time for the last twenty years it seems and there is little expectation of the airline industry in the minds of the public. They've got the internet to help them find the next cheapest ticket anyways. So what happens next is about as interesting to them as CSPAN and won't garner much attention.Second, unemployment is probably close to 11%, lots of people have lost jobs. No love lost towards "overpaid" and, according to Pan Am, oversexed airline employees. Third, a vast majority of AMR's passengers probably don't even know they're riding on a bankrupt airline and most know bankruptcy doesn't mean insolvency and liquidation. |
Originally Posted by forgot to bid
(Post 1122326)
...As a political junkie I disagree on how much the airline industry plays in Presidential politics. I think it will be next to nothing. The Keystone pipeline was halted and that had a lot of jobs, including mandatory union jobs tied to it, but that didn't stop it from being rejected.
Put it this way, the CHS Boeing plant is iced by the NLRB, that's political on so many levels that the average joe in SC and WA see it as a free enterprise vs D.C. vs union issue. Pick your political side. AMR goes bankrupt? Hubs and assets split up? It won't register on the national or any state care-o-meter for four reasons: First, there is nothing political to it as there is with the CHS Boeing plant. To the average American finding out an airline went bankrupt is like finding out an alcoholic got a DUI. If your business is flying airplanes, you'll go bankrupt at some point. Happens all of the time for the last twenty years it seems and there is little expectation of the airline industry in the minds of the public. They've got the internet to help them find the next cheapest ticket anyways. So what happens next is about as interesting to them as CSPAN and won't garner much attention.Second, unemployment is probably close to 11%, lots of people have lost jobs. No love lost towards "overpaid" and, according to Pan Am, oversexed airline employees. Third, a vast majority of AMR's passengers probably don't even know they're riding on a bankrupt airline and most know bankruptcy doesn't mean insolvency and liquidation. The Airline industry is the whipping boy of any politician of any persuasion. Call it what you will but the only airline out there with any sense of political good-will is Southwest. JetBlue used to have that same sense of public "admiration" before they lost control of the message. My guess is Southwest isn't far behind and will fumble on message with the upcoming AirTran integration. Just look at the sentiment towards their new higher density cabin or the general tone and reaction to the last few big "news" stories they came up in...(dressed to revealing/to big for the seat) On the other hand the PBGC as a creditor will have a say in what happens with AMR... Cheers George |
A story from AP News:
Jet slides off Iowa taxiway; no injuries reported http://m.apnews.com/ap/db_260825/con...tguid=SYP98yyO |
Wow, they actually got the right airline brand name!
I'm shocked! |
Originally Posted by Bill Lumberg
(Post 1122315)
My friend at Jetblue said they were told that they would have to hire an extra 200 due to the fatigue rule change. How much bigger are we compared to Jetblue? And, I asked them a couple times if that number was correct, and they said it was the NEW number produced by ES. Ask people in the check airman community who ES is.
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DAL beats the street concensus Q4
RELATED QUOTES
Symbol Price Change DAL 9.38 0.00 ATLANTA, Jan. 25, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL - News) today reported financial results for the December 2011 quarter. Key points include: * Delta's net income for the December 2011 quarter was $379 million, or $0.45 per diluted share, excluding special items(1). This is a $221 million improvement year over year. * Delta's net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program. * Delta's GAAP net income was $425 million, or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011. * 2011 results include $264 million in profit sharing expense, including $89 million in the December quarter, recognizing Delta employees' contributions toward meeting the company's operating and financial goals. * Delta's adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009. "Delta people pulled together in 2011 to produce a solid profit, strong cash generation, and the best operational performance in the industry for our customers. I want to thank them for their hard work through a challenging year and congratulate them on earning $264 million in profit sharing and $60 million in Shared Rewards for their exceptional performance," said Richard Anderson, Delta's chief executive officer. "Looking forward to 2012, we will continue our commitment to sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending." Revenue Environment Delta's operating revenue grew $610 million, or 8%, in the December 2011 quarter compared to the December 2010 quarter. Load factor increased to 81.7%, with traffic down 3% on a 3.5% decrease in capacity. * Passenger revenue increased 8%, or $555 million, compared to the prior year period. Passenger unit revenue (PRASM) increased 12%, driven by an 11% improvement in yield. * Cargo revenue increased 8%, or $20 million, on higher cargo yields. * Other revenue increased 4%, or $35 million, from higher third-party maintenance revenue. |
Pat yourselves on the back boys, that $1.2 Billion is just about what we gave up in our pay cuts to "...keep Delta (and NW) out of bankruptcy'...
Almost. But not quite enough to cover all we gave up. Good news, after your 42% pay contribution, every year, for the past 8 years...you'll get a whopping 4.5% back in Profit Sharing, so you got that going for you. |
DAL beats estimates by 10 cents per share
I'll bet the stock will shoot up this morning due to exceed estimates.
------------------------------- 7:41AM Delta Air Lines beats by $0.10, reports revs in-line (DAL) 9.38 : Reports Q4 (Dec) earnings of $0.45 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.35; revenues rose 7.8% year/year to $8.4 bln vs the $8.32 bln consensus. "Looking forward to 2012, we will continue our commitment to sustained profitability and superior returns by growing and diversifying our revenues, while taking a disciplined approach to capacity, costs and capital spending....Delta's solid cost performance, in an environment of 25% higher market fuel prices, came as a result of our cost reduction initiatives and benefits from our fuel hedging program..We are focused on total cost productivity, including fuel, and implementing the structural initiatives needed to return our non-fuel costs to our targeted level." |
Originally Posted by 1234
(Post 1122321)
You do get paid the same for doing the same work. The difference is that your schedule is adjusted after the month end to make sure you get the average daily credit as a line holder would. This allows the company to utilize reserves more, but in the end, you get the same pay for the same work.
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