Any "Latest & Greatest" about Delta?
They are out there.
There are several different variations of padre.
Some dream of moving into management. (or already think of themselves as management because they are "Captains")
Some want to be union honchos and think managing expectations is their mission.
Some derive their satisfaction, pride and self worth from the corporation's success. They regularly wear Delta ball caps and clothing when they are not at work and have a Delta bumper sticker on their car. The bankruptcy nearly killed them.
Others have a blue collar mentality, live modestly and frugally, already make more money than their neighbors and can't understand why anyone needs to make more than $150,000 to live a comfortable life. They may even feel guilty about their compensation.
We need those people. We need their votes. We should calmly and rationally refute their arguments. Explain to them why airline pilots should be highly compensated professionals and why the current level of compensation is grossly inadequate for our training, skill level and responsibilities.
Last edited by Check Essential; 04-04-2012 at 06:38 AM.
Herman will be glued to the military channel starting may 5th. A NASA special starts that day. Heck, I may bring some beer and join Herman on the couch. Maybe we should all go there and have an APC party.
I don't know if padre is real but we ignore the "padre" segment of our pilot group at our own peril.
They are out there.
There are several different variations of padre.
Some dream of moving into management. (or already think of themselves as management because they are "Captains")
Some derive their satisfaction, pride and self worth from the corporation's success. They regularly wear Delta ball caps and clothing when they are not at work and have a Delta bumper sticker on their car. The bankruptcy nearly killed them.
Others have a blue collar mentality, live modestly and frugally, already make more money than their neighbors and can't understand why anyone needs to make more than $150,000 to live a comfortable life. They may even feel guilty about their compensation.
We need those people. We need their votes. We should calmly and rationally refute their arguments. Explain to them why airline pilots should be highly compensated professionals and why the current level of compensation is grossly inadequate for our training, skill level and responsibilities.
They are out there.
There are several different variations of padre.
Some dream of moving into management. (or already think of themselves as management because they are "Captains")
Some derive their satisfaction, pride and self worth from the corporation's success. They regularly wear Delta ball caps and clothing when they are not at work and have a Delta bumper sticker on their car. The bankruptcy nearly killed them.
Others have a blue collar mentality, live modestly and frugally, already make more money than their neighbors and can't understand why anyone needs to make more than $150,000 to live a comfortable life. They may even feel guilty about their compensation.
We need those people. We need their votes. We should calmly and rationally refute their arguments. Explain to them why airline pilots should be highly compensated professionals and why the current level of compensation is grossly inadequate for our training, skill level and responsibilities.
Might I add, the people who have no idea what happens in other parts of this industry and don't really care. Ie, not knowing that SW fo's make as much as they do in the left seat.
Scambo,
I don't have a clue what the numbers are either, but I remember reading a Chevron annual report a number of years ago.
The Chairman's letter discussed the sale of a big refinery and the gist of it was this huge refinery was old, fully depreciated and more of a liability than an asset. The potential environmental clean up costs can be astronomical.
I don't have a clue what the numbers are either, but I remember reading a Chevron annual report a number of years ago.
The Chairman's letter discussed the sale of a big refinery and the gist of it was this huge refinery was old, fully depreciated and more of a liability than an asset. The potential environmental clean up costs can be astronomical.
Gets Weekends Off
Joined APC: Jul 2006
Position: Boeing Hearing and Ergonomics Lab Rat, Night Shift
Posts: 1,724
Just spitballin here:
DAL is one of the worlds largest users of jet fuel. When you remove the crack spread from the equation, you save a lot of money. If we aren't going to run on waste veggie oil or fischer tropsh and petroleum continues to be the fuel of choice, then this is just a smart vertical integration strategy.
Refineries are capital intensive businesses, but if we are buying one that is already built and which has also been depreciated, it might be like buying MD90s. I have no idea what the hard numbers might be.
DAL is one of the worlds largest users of jet fuel. When you remove the crack spread from the equation, you save a lot of money. If we aren't going to run on waste veggie oil or fischer tropsh and petroleum continues to be the fuel of choice, then this is just a smart vertical integration strategy.
Refineries are capital intensive businesses, but if we are buying one that is already built and which has also been depreciated, it might be like buying MD90s. I have no idea what the hard numbers might be.
The crack speed is where its at... Huge increase from just a few years ago and a significant component of our fuel cost. There is a disconnect between the crude price and the price of the refined distillates. Most of the delta is attributable to speculative markets where simultaneously buying and selling futures of crude and finished distillates, typically heating oil and gasoline.
Traditionally the crack spread was a hedging tool used by refineries to control raw product price and maximize yield by producing the the optimal quantities of gasoline and oil. With the widespread increase of speculators from outside the supply chain, many smaller refineries have found themselves unable to participate from a capital standpoint and as ironic as it seems fallen on hard times with the record high fuel cost...
The large fully integrated refineries owned by the multinationals have had no such capital conturing putting further pressure on the independents.
In town, a local refinery recently was modernized, upgraded and capacity increased 30-40%. The owner was unable to participate on the necessary scale in the capital markets to control the crack spread, so the refinery was sold to an Israeli company for $20M about a year and a half ago. MD90 indeed Scambo Ironically production was halted in Jan 2012 because of the inability of the current owners to adequately participate in the financial markets...
So guess who comes to the rescue? Goldman Sachs.
The refinery will now buy crude oil at market price from a unit of Goldman Sachs and also sell refined products to the same unit of Goldman at market price. So now Goldman Sachs controls the crack spread directly...
The crack spread and the financial markets controlling it is why fuel prices currently are high and exactly why Delta is getting in the refinery game. By controlling raw materials, refining and refinery output, Delta can massage yields at every step using the revenue to offset fuel price fluctuations. The cost for entry is low and the financial benefits of running a refinery are realized before and after refining operations...
Cheers
George
Gets Weekends Off
Joined APC: Feb 2012
Position: A big one that looks like a little one
Posts: 633
Originally Posted by Check Essential
I don't know if padre is real but we ignore the "padre" segment of our pilot group at our own peril.
They are out there.
There are several different variations of padre.
Some dream of moving into management. (or already think of themselves as management because they are "Captains")
Some want to be union honchos and think managing expectations is their mission.
Some derive their satisfaction, pride and self worth from the corporation's success. They regularly wear Delta ball caps and clothing when they are not at work and have a Delta bumper sticker on their car. The bankruptcy nearly killed them.
Others have a blue collar mentality, live modestly and frugally, already make more money than their neighbors and can't understand why anyone needs to make more than $150,000 to live a comfortable life. They may even feel guilty about their compensation.
We need those people. We need their votes. We should calmly and rationally refute their arguments. Explain to them why airline pilots should be highly compensated professionals and why the current level of compensation is grossly inadequate for our training, skill level and responsibilities.
When you begin to follow the money you may begin to realize a few things.
1) CRM and TEM has all but extinguished the pilot error accident. Airlines can get by attracting less qualified applicants to work in their policy constructed bubbles. Therefore your compensation is sapped away as the company manages your expectations and functions at ever improving safety levels. Wonder how Pinnacle got an "industry leading" contract? And you see how quickly the people that pay PNCL for their services forget a cold winters night in Buffalo.
2) The high historical earnings of pilots created a pilot surplus when there was no demand for major airline pilots (2003-2007). The regionals attracted the lowest bidder with a promise of providing experience which would be the golden ticket to the big money. All the while investors compared safety rates at major and regional and couldn't see a difference. Therefore the boards were compelled to drive wages lower. Supply and demand right? Think about how many of your friends this concept left as a low seniority RJ Captain.
3) On the cusp of a massive shortage of pilots almost all of you look aft, knowing what was, but not looking forward, knowing that your next contract must be good enough today to buy pilots away from UAL, SWA, FDX, UPS, Emirates, Cathay, and basically every airline on the planet in 2018. When you wait around for revenue generation to be hampered by pilot staffing it's too late. You've lost the fight, and by then it'll be practically too late for 5000 of you just at DAL. 5 years is a reasonable amount of time to fill your pool with steelhead. The deal should only be 3-4 years though.
So basically what I'm saying is that asking for your old contract back makes you look foolish and entitled. Selling the idea that all of your friends will be directed to the highest paying airline by you come crunch time will do more than claiming if you aren't paid more you'll make a bad decision and crash an airplane is a much better business strategy. Besides, you had better odds of winning the lottery.
So don't think for a second that I don't fully support parity plus 5% with SWA. If we want our friends in waiting to have long and fruitful careers we need to sell the idea that we'll send them elsewhere unless we're certain that's what they'll have at the helm of their MD-88.
Demand that Delta keep the bar high to ensure the money continues to flow like the salmon of Capistrano.
So I'm not managing your expectations, and I've done my Section 10 time, and run my own committee for ALPA. I'm just saying you all need to look forward. And not compare yourselves to NWA 1992 and $20/barrel oil. You're making an apples and oranges comparison.
I don't know if padre is real but we ignore the "padre" segment of our pilot group at our own peril.
They are out there.
There are several different variations of padre.
Some dream of moving into management. (or already think of themselves as management because they are "Captains")
Some want to be union honchos and think managing expectations is their mission.
Some derive their satisfaction, pride and self worth from the corporation's success. They regularly wear Delta ball caps and clothing when they are not at work and have a Delta bumper sticker on their car. The bankruptcy nearly killed them.
Others have a blue collar mentality, live modestly and frugally, already make more money than their neighbors and can't understand why anyone needs to make more than $150,000 to live a comfortable life. They may even feel guilty about their compensation.
We need those people. We need their votes. We should calmly and rationally refute their arguments. Explain to them why airline pilots should be highly compensated professionals and why the current level of compensation is grossly inadequate for our training, skill level and responsibilities.
They are out there.
There are several different variations of padre.
Some dream of moving into management. (or already think of themselves as management because they are "Captains")
Some want to be union honchos and think managing expectations is their mission.
Some derive their satisfaction, pride and self worth from the corporation's success. They regularly wear Delta ball caps and clothing when they are not at work and have a Delta bumper sticker on their car. The bankruptcy nearly killed them.
Others have a blue collar mentality, live modestly and frugally, already make more money than their neighbors and can't understand why anyone needs to make more than $150,000 to live a comfortable life. They may even feel guilty about their compensation.
We need those people. We need their votes. We should calmly and rationally refute their arguments. Explain to them why airline pilots should be highly compensated professionals and why the current level of compensation is grossly inadequate for our training, skill level and responsibilities.
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,524
angrypilotwife
A few of us got a shoutout tonight from the queen of internet pilot awesomeness. I'm preparing my celebration speech.
A few of us got a shoutout tonight from the queen of internet pilot awesomeness. I'm preparing my celebration speech.
Indeed.
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