Any "Latest & Greatest" about Delta?
04-30-2012, 11:54 AM
Da Hudge
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04-30-2012, 11:59 AM
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04-30-2012, 12:03 PM
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Long time lurker/occasional poster, but I can't not share this one. Let me say right up front that this is 3rd hand so please don't shoot the messenger!
OK, here goes:
Jumpseater with us today claims to have ties to a CPO and was told by his buddy in the CPO that we should see a TA on 18 May. Supposedly the MEC will see it on the 15th, and to us on the 18th. Details include 20% increase to the rates with "COLA" type increases per year later. 717s are in the deal and supposedly via a lease from Boeing after turn in from SWA. SWA pays some penalties etc but we get "new" leases from Boeing. Company will offer 500 early outs, and hiring will begin quickly. 50 seaters reduced to around 125 total. Now for the bad news: Supposedly company wants 90 seaters with some type of production balance. Also they want increased Code share with Alaska. The reason he claims the company wants a deal done quickly has to do with the loan for the refinery.
Again, please don't shoot the messenger. There is no way I can confirm any of this...it is just the rumor I heard today with a lot of details and a firm date (supposedly). I guess we will know soon.
Ready for incoming...Philly
OK, here goes:
Jumpseater with us today claims to have ties to a CPO and was told by his buddy in the CPO that we should see a TA on 18 May. Supposedly the MEC will see it on the 15th, and to us on the 18th. Details include 20% increase to the rates with "COLA" type increases per year later. 717s are in the deal and supposedly via a lease from Boeing after turn in from SWA. SWA pays some penalties etc but we get "new" leases from Boeing. Company will offer 500 early outs, and hiring will begin quickly. 50 seaters reduced to around 125 total. Now for the bad news: Supposedly company wants 90 seaters with some type of production balance. Also they want increased Code share with Alaska. The reason he claims the company wants a deal done quickly has to do with the loan for the refinery.
Again, please don't shoot the messenger. There is no way I can confirm any of this...it is just the rumor I heard today with a lot of details and a firm date (supposedly). I guess we will know soon.
Ready for incoming...Philly
We shall see. Some of this sounds like a trial balloon. They know that we will not give up 90 seat jets. If we are that dumb, we get what we deserve. Period.
Also the timeline jives with the Regular MEC Meeting that is scheduled for around that time frame. Many suspect that we will see a TA just before or just after the MEC meeting(after if more direction is needed)
They ask for 90 seaters, it makes many grateful that we are only allowing the 70 seaters to stay(102 jets) and cutting totally allowable 76 seaters though the total number on property will increase. (based on my hypothesis a few days ago that I posted here)
04-30-2012, 12:03 PM
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04-30-2012, 12:06 PM
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I have a hard time believing that our deal has anything to do with the refinery. Reports say that Delta would buy for $150 million and JP Morgan would finance the refining. Hard to believe those small terms would justify a quick settlement for management. But what do I know.
I agree with this. How much did they invest on GOL? 150 million is peanuts and would not precipitate a need for adding 500ln-900bln to the pilot costs. Its something else.
On a side note, I have been sitting here today pondering RA's comments about LHR. I have been focusing on OneWorld and BA, but his words could also be an indication that they want to go ahead and buy Singapore's 49% stake in Virgin Atlantic. Now that would require financing, and that would precipitate a desire for a quick deal with the pilots.
04-30-2012, 12:12 PM
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I agree with this. How much did they invest on GOL? 150 million is peanuts and would not precipitate a need for adding 500ln-900bln to the pilot costs. Its something else.
On a side note, I have been sitting here today pondering RA's comments about LHR. I have been focusing on OneWorld and BA, but his words could also be an indication that they want to go ahead and buy Singapore's 49% stake in Virgin Atlantic. Now that would require financing, and that would precipitate a desire for a quick deal with the pilots.
On a side note, I have been sitting here today pondering RA's comments about LHR. I have been focusing on OneWorld and BA, but his words could also be an indication that they want to go ahead and buy Singapore's 49% stake in Virgin Atlantic. Now that would require financing, and that would precipitate a desire for a quick deal with the pilots.
04-30-2012, 12:20 PM
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Exactly. We need to have outside the box thinking in this group to see where the airline is headed, and this is exactly the type of thinking and maneuvering I see DAL doing.
AMR assets are important, but so if feed to those assets. From a corporate perspective VA would be critical in that. So would JAL and beyond access in HND.
The ball is rolling guys, we need to see over two or three hills down the road.
AMR assets are important, but so if feed to those assets. From a corporate perspective VA would be critical in that. So would JAL and beyond access in HND.
The ball is rolling guys, we need to see over two or three hills down the road.
04-30-2012, 12:21 PM
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It's official, refinery announcement is on the Deltanet.
04-30-2012, 12:22 PM
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04-30-2012, 12:24 PM
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I agree with this. How much did they invest on GOL? 150 million is peanuts and would not precipitate a need for adding 500ln-900bln to the pilot costs. Its something else.
On a side note, I have been sitting here today pondering RA's comments about LHR. I have been focusing on OneWorld and BA, but his words could also be an indication that they want to go ahead and buy Singapore's 49% stake in Virgin Atlantic. Now that would require financing, and that would precipitate a desire for a quick deal with the pilots.
On a side note, I have been sitting here today pondering RA's comments about LHR. I have been focusing on OneWorld and BA, but his words could also be an indication that they want to go ahead and buy Singapore's 49% stake in Virgin Atlantic. Now that would require financing, and that would precipitate a desire for a quick deal with the pilots.
If we keep focusing on RJs we might miss that this is currently permitted:
- 4 flights/week to LHR -> check.
- 175 seats on every VA flight -> approved!
The 76 seat RJ issue looks trivial if you picture what our current PWA permits for revenue sharing JVs...
How about 175 seats on every Emirates flight?
Cheers
George
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