Any "Latest & Greatest" about Delta?
Banned
Joined APC: Jul 2006
Position: Space Shuttle PIC
Posts: 2,007
Mea Culpa. The merger is the third rail. You probably share our disgust with outsourcing and you are correct in the snapshot zombiepocolypse of 2008. When we were financing fuel at (what was it, 14%?) it did seem unlikely we would survive. So let me re-phrase the question:
Where's the bottom?
I forecast last fall would be the last big downbid, but now it appears the company is going to push at least 350 to staff the Douglas jets. Do you have any prognostications when things will turn around?
Where's the bottom?
I forecast last fall would be the last big downbid, but now it appears the company is going to push at least 350 to staff the Douglas jets. Do you have any prognostications when things will turn around?
Gets Weekends Off
Joined APC: Dec 2011
Posts: 114
If they start to offer leave of two years or greater those Chinese contracts will look really good! Perhaps that's when they'll call it a furlough
Gets Weekends Off
Joined APC: Feb 2006
Position: A320 CA
Posts: 973
I would think the DC9 guys in MSP and maybe some in DTW would go to the MD88/90, since 21 are coming this year, and 8 next year, and the -9s are on the way out. A pay increase is included going from the -9 to the MD88 too. There may be some movement from some higher up positions, but that may give some senior guys the push to think about taking an early out if offered. Eventually those widebodies will all come back from the cabin and crew rest mods, and that will induce more upward movement.
That's nice and all and I used to be into the turbine mix but since the 88 I've come to appreciate the past. So for $310M...
I don't think I have to identify the thing now do I?
btw that peninsula will come with it. And so shall that mountain.
I don't think I have to identify the thing now do I?
btw that peninsula will come with it. And so shall that mountain.
1) $234,000 W2 with the company putting a 9% match into your 401k.
or
2) $156,000 W2 with the company putting a 14% contribution (no match required) into your 401k.
Let's think about this for a minute.
In #1 - You have $234,000 in gross income. Let's assume taxes are 30%. In in order to get the 9% match, you have to contribute 9% of your $234,000 to your 401k. So $234K - 21,060 (9%) = $212,940. Take home pay (after taxes) on that is $149,058. You get a total of $42,120 in your 401k (the $21,060 you contributed plus the company match in the same amount).
In #2 - You have $156,000 in gross income. (That's what I made last year as a narrowbody domestic Captain.) Again, assume taxes are 30%. No match required, but you probably want to contribute to your 401k... so let's say you contribute 9% just like your SWA buddy did. So $156K - 14,040 (9%) = $141,960. Take home pay (after taxes) on that is $99,372. You get a total of $35,880 in your 401k (the $14,040 you contributed plus the company's 14% contribution).
So, let's summarize what we are netting in these two examples.
1) - Take home pay is $149,058. Contribution into 401k is $42,120.
2) - Take home pay is $99,372. Contribution into 401k is $35,880.
I wasn't a finance major, but I think I can figure out which one of these is a better deal.
Gets Weekends Off
Joined APC: Jul 2006
Position: Boeing Hearing and Ergonomics Lab Rat, Night Shift
Posts: 1,724
Sorry Slow,
No way. For just about any Atlanta based pilot this merger has been a big shove backward. The further network consolidation is a continuation of a trend NWA had sustained since their exit and was a course reversal for Glen Hauenstein. We then made it worse by finishing what the NWA guys started with Compass.
The conglomerate might be a better Corporation, but there is no doubt we are liquidating our assets for short term gains. We are not investing sufficiently in the business. We are outsourcing our brand:If you don't see this, it is only because your educated bet that it will not catch up with you before you retire.
No way. For just about any Atlanta based pilot this merger has been a big shove backward. The further network consolidation is a continuation of a trend NWA had sustained since their exit and was a course reversal for Glen Hauenstein. We then made it worse by finishing what the NWA guys started with Compass.
The conglomerate might be a better Corporation, but there is no doubt we are liquidating our assets for short term gains. We are not investing sufficiently in the business. We are outsourcing our brand:If you don't see this, it is only because your educated bet that it will not catch up with you before you retire.
The merger has been beneficial to the current Delta pilots.
Let's go back to 2008, the company was willing to grease the skids to provide for a smooth merger. The stock options, incremental pay raises and no furloughs for 2 years were all benefits that have improved things for the pilots on the seniority list. None of that came for free and some items like incorporating the AS codeshare from the NWA contract are what we gave the company in return. Our cooperation was worth money and the company delivered.
The merger happened at a time when record fuel prices left most airlines pretty unprepared. Since then great strides have been made by Delta and others to reduce fuel price volatility and associated risk along with passing on some of the increased fuel cost to the pax.
Fast forward 4 years and the merger has been very successful for the company, both operationally and financial. The EF&A team predicted that 2012 would offer a much better financial environment for contract negotiations and thus warranted and extension.
All of the financial predictions have been spot on and Delta has had 2 consecutive years with full year profit exceeding $1B. What Delta has not delivered is the equivalent of shareholder value for the pilot group: seniority advancement. Because we have a Seniority based system that's an inherent promise and the frustration coming from the ranks is a direct result of the failure to deliver on seniority advancement.
I'm "happy to have a job", but I didn't sign up for a job, I signed up for a career at Delta.
If we can't turn 2 consecutive years of record profits during trying economic times into pay and seniority gains, then there is not much hope moving forward.
Cheers
George
Differences training + FMS + a Digital Flight Guidance System. And a lot of procedures that are different from the old "north" way to the way Delta operates the 88.
Not disagreeing with you. I suspect a lot of the DC-9 guys will go to the 88. Just pointing out that the transition is not quite as simple as differences training.
Not disagreeing with you. I suspect a lot of the DC-9 guys will go to the 88. Just pointing out that the transition is not quite as simple as differences training.
Gets Weekends Off
Joined APC: Jan 2008
Position: 320A
Posts: 333
Cubdrick,
We should get rid of trip parking but lets be clear about 1 thing - trip parking is currently 100% legal. I think it sucks, but lets face it, guys are exploiting a loophole in the contract to their personal advantage.
Calling them abusers and publishing a list is not the right answer - closing the loophole is.
.
Scoop
We should get rid of trip parking but lets be clear about 1 thing - trip parking is currently 100% legal. I think it sucks, but lets face it, guys are exploiting a loophole in the contract to their personal advantage.
Calling them abusers and publishing a list is not the right answer - closing the loophole is.
.
Scoop
It is using the "Swap with Friends" function to get around the normal contractual line value limits of ALV+15.
The PCS method of swapping and white-slipping trips will not allow a pilot to exceed the contract limit. "Swap with Friends" WILL allow the contract violation.
When a regular line holder wants to add a trip to his line from open time that would take him over the limit he asks a "friend" with an opening on his schedule to temporarily pick-up (park) a trip from his schedule so he can then white slip the trip that would otherwise violate the contract. Then he takes his original "parked" trip back from his "friend".
It is a blatant contract violation but it has not been enforced and therefore has legally become "past practice".
Managment loves it because they don't have to award green slips and they can run the airline with fewer pilots. It hurts all of us who don't want to work 120 hours at straight pay and would like to advance to a higher paying category.
Applause to DALPA for fixing it. I hope they write that "all pilot" letter to put a damper on it this summer before the computer programming is complete.
The PCS method of swapping and white-slipping trips will not allow a pilot to exceed the contract limit. "Swap with Friends" WILL allow the contract violation.
When a regular line holder wants to add a trip to his line from open time that would take him over the limit he asks a "friend" with an opening on his schedule to temporarily pick-up (park) a trip from his schedule so he can then white slip the trip that would otherwise violate the contract. Then he takes his original "parked" trip back from his "friend".
It is a blatant contract violation but it has not been enforced and therefore has legally become "past practice".
Managment loves it because they don't have to award green slips and they can run the airline with fewer pilots. It hurts all of us who don't want to work 120 hours at straight pay and would like to advance to a higher paying category.
Applause to DALPA for fixing it. I hope they write that "all pilot" letter to put a damper on it this summer before the computer programming is complete.
Hope you enjoy those few extra % points as you continue to go backwards due to outsourcing.
Carl
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