Details on Delta TA
07-04-2015, 10:45 AM
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,022
Originally Posted by Planetrain
$4.5B figure includes GAAP and onetime expenses. Figure comes off income statement and matches CA 15-02.
Check the 2014 earnings before tax:$1.7B
Delta Air Lines, Inc. (DAL) Income Statement - NASDAQ.com
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.
Check the 2014 earnings before tax:$1.7B
Delta Air Lines, Inc. (DAL) Income Statement - NASDAQ.com
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.
10-K and 10-K amendment to further review yet.
I have been ordered to get off the computer and enjoy the 4th with the fam, sorry this will have to wait for me, I'm out. The boss wins this one. I'll check back tomorrow.
07-04-2015, 11:16 AM
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,637
Originally Posted by notEnuf
I will research further. I still can't find a published PTIX number. The 10-K has the GAAP numbers but it was amended in April. I can't find accurate add backs. What is the true PTIX # for 2014? And where? What is the wage pool share? And where? I was going with PTIX $6B in the chart and pilots at 37.5%.
10-K and 10-K amendment to further review yet.
I have been ordered to get off the computer and enjoy the 4th with the fam, sorry this will have to wait for me, I'm out. The boss wins this one. I'll check back tomorrow.
10-K and 10-K amendment to further review yet.
I have been ordered to get off the computer and enjoy the 4th with the fam, sorry this will have to wait for me, I'm out. The boss wins this one. I'll check back tomorrow.
They need to defend the PS% with projections in a cohesive multivarite model. I don't think it's as simple as your spreadsheet PS assumptions or as simple as 5.74%. Some of these TA comparisons have been made in a vacuum to associated effects.
Last edited by Planetrain; 07-04-2015 at 11:38 AM.
07-04-2015, 11:19 AM
Gets Weekends Off
Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
Everyone would be far better served examining the pay portion of this TA assuming a worst case scenario (declining profits) rather than a best case scenario.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
07-04-2015, 12:43 PM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by gloopy
I'm willing to accept all their maths on this. All of the maths. All of them.
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
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
In fact, if the union would present that to the company as a cost saving measure, I am sure it would be well received.
07-04-2015, 12:44 PM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by SayAlt
Everyone would be far better served examining the pay portion of this TA assuming a worst case scenario (declining profits) rather than a best case scenario.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
I don't want to get hit by a meteor.
Under our TAs healthcare plan, is there a paid sick leave option for either fear of global economic meltdown or fear of getting hit by meteors?
Will Sedgwick be denying it? Will the new company AME be releasing that info to the FAA?
07-04-2015, 01:01 PM
La Familia Delta
Joined APC: Oct 2006
Position: B-717 FO / C-17 AC
Posts: 2,467
Originally Posted by SayAlt
Everyone would be far better served examining the pay portion of this TA assuming a worst case scenario (declining profits) rather than a best case scenario.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
If the world implodes next week, youre taking a pay cut anyway "to save the company" like you did 2x before. Hows that for the gorllia/elephant in the room. The argument that our pay rates are more protected than our PS hasn't held water ever, but one thing is for sure, when you give away work rules you never get them back. stop the bleeding. please please please stop the bleeding.
07-04-2015, 03:40 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Originally Posted by BobZ
Okay then....the economic world unwinds over the next 9 months.....delta is back in bankruptcy. Liquidated.
Next question.....under which pwa will you have more money in your pocket?
Next question.....under which pwa will you have more money in your pocket?
I'm calling in sick. Too stressed to fly.
07-04-2015, 03:41 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Originally Posted by SayAlt
Everyone would be far better served examining the pay portion of this TA assuming a worst case scenario (declining profits) rather than a best case scenario.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
The 800 lb gorilla sitting in the corner, glaring at everyone.
.
Newk could kick that gorillas ass.
Show em Newk. Show em how it's done.
If that doesn't work, simple logic will.
07-04-2015, 04:00 PM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,722
Originally Posted by scambo1
I'm staying in bed today.
I don't want to get hit by a meteor.
Under our TAs healthcare plan, is there a paid sick leave option for either fear of global economic meltdown or fear of getting hit by meteors?
Will Sedgwick be denying it? Will the new company AME be releasing that info to the FAA?
I don't want to get hit by a meteor.
Under our TAs healthcare plan, is there a paid sick leave option for either fear of global economic meltdown or fear of getting hit by meteors?
Will Sedgwick be denying it? Will the new company AME be releasing that info to the FAA?
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