We are going though password synchronization and the e-mail server is the only one that will tell you that your password needed to be reset, which it does every few months. Ergo the reason for them making you reset your password.

Nothing nefarious here.

I see the C2K contract comparison is providing you a ton of info. :D

http://www.chipsplace.com/docarch/DeltaContract.pdf

Meeting today with all four unions, AMR announced 15K layoffs and ending its employee pension plan. Last month AMR underfunded its required pension payment to the PBGC by $91M.

The $4B AMR had going into CH11 is disappearing quickly. In December alone AMR posted a $904M loss...

To cover the last months pension payment shortfall, the PBGC has taken out liens against AMRs unencumbered assets that are not part of the bankruptcy, mainly in Latin America. Essentially this begins the step of foreclosure on those assets...

Cheers
George

I don't think the 10,000-15,000 employees is just the unions. The NBC news afflicted in Dallas said that was for the entire company.

Second, they lost $904 million but they still have $4.1 billion in cash. Their revenue was actually a but more than expenses, so they have slightly more cash on hand than before.

I've been off this board for a couple of days... so I apologize in advance if this is not pertinent to the discussion that was taking place surrounding FTB's C2K/current pay rate comparison charts.

But what "C2K contract comparison" are you talking about? FTB's? Or something put out by DALPA? Cause I haven't seen anything put out by DALPA that compares/contrasts our current pay with C2K... inflation adjusted or otherwise.

I guess I don't understand the point of your above post. Again, maybe I'm missing some background from the previous discussion?

It's not from DALPA. The PDF linked above is the C2K comparison to other airlines. I guess it's a good summary of what C2K was all about. FTB took those numbers and is comparing them to our current payscale.

Some might say that what FTB did was what DALPA should be doing - comparing our current contract to C2K. Then adding inflation. ie, restoration.

But as you see, those are some big numbers. I just can't see the company giving us that. But I'm just one guy - the contract survey showed what the pilots wanted. It's up to the neg committee to try and get that.

Absolutely, didn't mean to imply that... Although with an 81% unionized workforce, there will be a lot of cuts.
The layoffs were announced while they were negotiating, standard shot-across-the-bow type tactic...

AMR was losing approx. 300M/month pre bankruptcy reducing cash reserves month-by-month.

The December loss does just the same but at a 3x greater rate.
My only takeaway is that I see the AMR Ch11 process accelerating as a result of that burn rate...

Cheers
George

And yet I have not reset my DBMS/Travelnet passwords in...10 years(?) or more, and it's still working fine.

Is that only because I DON'T also have a DL.com email account? Or have they just not got to me yet?

Ah, I see what you meant. Yes, 15K of jobs losses is significant. I didn't realize AMR was that unionized. I suspect that front-line employees will be cut at a different percentage than the rest of the airline. (ie, depends on efficiencies on work rules, etc.

People who were at Delta in 2005 can fill in those details about the percentage cuts by pilots/FAs vs the rest of the company.

My other point was that even though they lost money, their cash position didn't go down. You can lose money but keep your cash position up by moving money around accounts, etc. That must be what they are doing. It would be more detail than needed for the L&G thread, but they need a certain amount of cash to keep the operation running (to pay for fuel, CC hold backs, pay employees, etc)

I think this afternoon we'll see what is going to be demanded of labor.

You do have one, it's your name, first, last, separated by a period.

[email protected]
(if you have a listed middle initial that will go between the first and last)

You probably haven't ever used it and if you try, you'll be in PW change hell...

Cheers
George