Details on Delta TA
07-04-2015, 08:36 AM
Gets Weekends Off
Joined APC: Apr 2007
Position: 320
Posts: 709
Originally Posted by BenderRodriguez
I think that believing a turn back on this TA will result in removal of all concession is living in a fantasy world. There WILL be concessions going forward. Or there will not be a contract beyond C12. If anybody truly believes that we will get untouched PS, a pay raise and no concessions by voting no, they are not in this reality.
And welcome aboard by the way. All this angst aside, this is a great place to be.
And welcome aboard by the way. All this angst aside, this is a great place to be.
07-04-2015, 08:52 AM
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Tom.....there has always give and take in our pwa.
There was no memrat at delta until the 90's. The mec and company went into a room and shook hands on the pwa.
Very cozy. After all memrat can get messy.....from the concerned parties view im sure.
The history of never rejecting a ts speaks to the mindset of cooperation and acceptance of this pilot group that the 'best' deal....for delta and the pilot group......had been struck.
There was no memrat at delta until the 90's. The mec and company went into a room and shook hands on the pwa.
Very cozy. After all memrat can get messy.....from the concerned parties view im sure.
The history of never rejecting a ts speaks to the mindset of cooperation and acceptance of this pilot group that the 'best' deal....for delta and the pilot group......had been struck.
07-04-2015, 08:52 AM
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by mark350
What would 1B look like as a straight pay raise? Rough mental math gives me $35/$22k) (ca/fo) over 3 yrs. Can't be right- our "historic contract" is our current contract adjusted for inflation!!
And take 1.0B and put it into pay rates alone with no other changes. At whatever percentage increase that winds up being. I would vote yes for that without even seeing the pay tables.
We'd avoid the concessions and get an extra Billion over 3 years, and the company would save 100 Million Dollars over the TA even including the concessions.
Win-Win.
#reasonable
07-04-2015, 08:55 AM
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,642
Originally Posted by forgot to bid
Planetrain where did you find the wage pool? I've been trying to get the best bet. I used the CA 02-15 that showed 3.75M for last year.
$5.8 PTIX = $910M PS ($250M+$660M)
$910M 2014 PS/X=16.58 solve for X
x= $5.5B wage pool
BTW, all this is a wag. Wage pool could go down with less green slips, 757 pay traded for a321/B739, e190 rate, younger work force (less longevity pay), retired 747s, higher TLV, etc. That in turn raises PTIX. There's a lot of moving parts that go into PS % payout.
07-04-2015, 09:43 AM
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by BenderRodriguez
I think that believing a turn back on this TA will result in removal of all concession is living in a fantasy world. There WILL be concessions going forward. Or there will not be a contract beyond C12. If anybody truly believes that we will get untouched PS, a pay raise and no concessions by voting no, they are not in this reality.
And welcome aboard by the way. All this angst aside, this is a great place to be.
And welcome aboard by the way. All this angst aside, this is a great place to be.
Last edited by notEnuf; 07-04-2015 at 10:23 AM.
07-04-2015, 09:55 AM
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by Planetrain
$4.5B PTIX + $1.1 PS Cost + $231M Exec plan = $5.8 Adj PTIX for PS purposes: Contract Awareness Bulletin 15-02
$5.8 PTIX = $910M PS ($250M+$660M)
$910M 2014 PS/X=16.58 solve for X
x= $5.5B wage pool
BTW, all this is a wag. Wage pool could go down with less green slips, 757 pay traded for a321/B739, e190 rate, younger work force (less longevity pay), retired 747s, higher TLV, etc. That in turn raises PTIX. There's a lot of moving parts that go into PS % payout.
$5.8 PTIX = $910M PS ($250M+$660M)
$910M 2014 PS/X=16.58 solve for X
x= $5.5B wage pool
BTW, all this is a wag. Wage pool could go down with less green slips, 757 pay traded for a321/B739, e190 rate, younger work force (less longevity pay), retired 747s, higher TLV, etc. That in turn raises PTIX. There's a lot of moving parts that go into PS % payout.
What was the date on CA 15-02?
Last edited by notEnuf; 07-04-2015 at 10:06 AM.
07-04-2015, 10:28 AM
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,642
Originally Posted by notEnuf
Looking for the Bulletin. In the meantime, if you reverse the calculation by taking $1.1B as 16.58% of payroll you get a PTIX number around $6.5B for a $1.1B payout. There is more to the PTIX add back, $4.5B GAAP + capex + onetime expenses etc.
What was the date on CA 15-02?
What was the date on CA 15-02?
Check the 2014 earnings before tax:$1.07B
http://www.nasdaq.com/symbol/dal/financials?query=income-statement
Add in the one times and you get $4.5B. Check the 2014 DAL annual shareholder report for a more in depth accounting.
It doesn't include profit sharing payout, doesn't include management incentive exclusion. PTIX definition change under TA would "exclude" the management incentive exclusion i.e. PTIX+PS payout only.
I think the date was around 2/13/2015.
As to the $1.1B payout backward math not reconciling, I don't know the figures management is accounting for in that. Is it purely PS to eligible employees or is that INCLUSIVE of other non eligible employee PS payouts?
Thread
Thread Starter
Forum
Replies
Last Post
