Details on Delta TA
09-04-2014 | 03:37 AM
#1392
Thread Starter
Gets Weekends Off
Joined: Oct 2009
Posts: 3,108
Likes: 0
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.
Self Funding our hourly increase by giving up profit sharing is a huge mistake we cannot afford to make again. As you can see from Ed's comment above on C2012, this is clearly management's goal.
Our profit sharing check next February will double. IMO 2015 will be another 50% larger again as Delta makes $5.5 billion or more next year.
If you reduce profit sharing and increase hourly rates, your W-2 stays the same.
Our W-2 need to increase 25% date of signing. Coupled with improvements in the rest of the PWA C2015 needs to add $1 billion to the Delta pilots.
Edit
Self Funding our hourly increase by giving up profit sharing is a huge mistake we cannot afford to make again. As you can see from Ed's comment above on C2012, this is clearly management's goal.
Our profit sharing check next February will double. IMO 2015 will be another 50% larger again as Delta makes $5.5 billion or more next year.
If you reduce profit sharing and increase hourly rates, your W-2 stays the same.
Our W-2 need to increase 25% date of signing. Coupled with improvements in the rest of the PWA C2015 needs to add $1 billion to the Delta pilots.
Edit
09-04-2014 | 03:46 AM
#1393
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
Likes: 0
From: 777B
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.
Self Funding our hourly increase by giving up profit sharing is a huge mistake we cannot afford to make again. As you can see from Ed's comment above on C2012, this is clearly management's goal.
Our profit sharing check next February will double. IMO 2015 will be another 50% larger again as Delta makes $5.5 billion or more next year.
If you reduce profit sharing and increase hourly rates, your W-2 stays the same.
Our W-2 need to increase 25% date of signing. Coupled with improvements in the rest of the PWA C2015 needs to add $1 billion to the Delta pilots.
Edit
Self Funding our hourly increase by giving up profit sharing is a huge mistake we cannot afford to make again. As you can see from Ed's comment above on C2012, this is clearly management's goal.
Our profit sharing check next February will double. IMO 2015 will be another 50% larger again as Delta makes $5.5 billion or more next year.
If you reduce profit sharing and increase hourly rates, your W-2 stays the same.
Our W-2 need to increase 25% date of signing. Coupled with improvements in the rest of the PWA C2015 needs to add $1 billion to the Delta pilots.
Edit
Wouldn't a 25% increase add $1B by itself?
09-04-2014 | 04:00 AM
#1394
Gets Weekends Off
Joined: Oct 2013
Posts: 1,299
Likes: 0
That reduction had a value of up to $42M, which is roughly equivalent to a 2% increase in hourly rates. So our W2 went up in 2013, but by only 6.5% and not 8.5%, all other things being equal , e.g., hours flown, etc.
09-04-2014 | 04:08 AM
#1397
Gets Weekends Off
Joined: Oct 2013
Posts: 1,299
Likes: 0
But I agree with the rest of your statement. Moving days in the summer bid months and going to an 84-hour ALV did cost 100 or so jobs (assuming no change in block hours), according to the roadshow materials, by distributing the work among that many fewer pilots. The flip side then is that you have less overstaffing in the winter months, which means two things:
- Fewer pilots are forced to reserve during those months (good for QOL)
- Reserve pilots work more during those months (not so good for QOL)
09-04-2014 | 04:20 AM
#1398
Gets Weekends Off
Joined: Oct 2013
Posts: 1,299
Likes: 0
Yet even after all that, our current pay rates are approximately 34% below the buying power we had with our pay rates throughout most of the 1980's, 1990's, and early 2000's. I guess if you accept bankruptcy as the new baseline, then 19.5% is really good. Trying to recover from a 42% pay cut... not so much.
09-04-2014 | 04:22 AM
#1399
Gets Weekends Off
Joined: Oct 2013
Posts: 1,299
Likes: 0
if we're to the point that we have to hire an outside party to audit and verify what DALPA is doing... which by extension means we don't trust DALPA... then tell me again why we accept representation like that in the first place? If I had someone representing me (like say, a lawyer or something) and I reached the conclusion that I couldn't trust them anymore, I would fire their @ss and replace them with someone I could trust. I wouldn't be wasting time and money on having someone else look over their shoulder. No trust? No deal... I simply don't do business with you.
09-04-2014 | 04:26 AM
#1400
Gets Weekends Off
Joined: Feb 2008
Posts: 20,877
Likes: 194
I understand (and agree with most of) your point, but the statement above pre-supposes that the increase in hourly rates has exactly the same value as the reduction in profit sharing. In C2012, hourly rates increase by 8.5% in 2013 offset by a 33% reduction in our profit sharing up to $2.5B.
That reduction had a value of up to $42M, which is roughly equivalent to a 2% increase in hourly rates. So our W2 went up in 2013, but by only 6.5% and not 8.5%, all other things being equal , e.g., hours flown, etc.
That reduction had a value of up to $42M, which is roughly equivalent to a 2% increase in hourly rates. So our W2 went up in 2013, but by only 6.5% and not 8.5%, all other things being equal , e.g., hours flown, etc.
Thread
Thread Starter
Forum
Replies
Last Post
