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-   -   Details on Delta TA (https://www.airlinepilotforums.com/delta/88532-details-delta-ta.html)

Carl Spackler 10-19-2014 04:11 PM


Originally Posted by iahflyr (Post 1749457)
Remember that the purpose of a publicly traded company like Delta is to return value to the shareholders.

The disagreement is whether the value sought should be short term or long term.


Originally Posted by iahflyr (Post 1749457)
You are correct that Delta management is incentivized to keep the share price going higher. That is their job.

That's not their job. That kind of short term thinking generally leads to short term longevity in business. Management's job is to ensure a long term and profitable entity. Good share pricing generally follows from that philosophy.


Originally Posted by iahflyr (Post 1749457)
You are incorrect in saying that by doing things to increase the share price such as dividends or share buybacks (or as you call it the "shareholder value bonfire"), they are transferring money away from Delta's future.

There's no other way to look at it iahflyr. Stock buy backs and dividends do nothing for a company's future. It buys no R&D, employees or equipment. It is a complete waste.


Originally Posted by iahflyr (Post 1749457)
Your future as an employee will be much better off with a higher stock price.

That's incorrect. My future will be better off with a healthy company with good management and a solid business plan. Allegiant has an extraordinarily high stock price...but I wouldn't want to fly for them. Would you?


Originally Posted by iahflyr (Post 1749457)
If Delta's stock price crashes, management will be under more pressure from shareholders and the board of the directors to cut costs to increase profitability. That means less pay, longer hours, and worse work rules for you.

If Delta's stock price crashes without an underlying fundamental reason, it would represent a huge buying opportunity that many investors would see...thus reversing the price crash. If there is an underlying fundamental reason for the crash, no dividend or stock buy back will save you.


Originally Posted by iahflyr (Post 1749457)
If you're concerned about that "shareholder value bonfire", why don't you go out and buy some Delta stock?? Every analyst in the world has it rated a buy. It's been on a tear for the past 3 years. And now the price of oil has just crashed more than 20% in the past 3 months.

I'm a contrarian investor who hates airlines as investments. That's just me.

Carl

TheManager 10-19-2014 04:29 PM


Originally Posted by dalad (Post 1749350)
Yep, I'm at $275k for the year so far, 88 Driver is full of doo doo. With 5 pay periods to go I'm going to gross over 340k on the year. My highest earning year under C2K was $234k. That had no profit sharing and no DC plan either. I'm finding this board to be more and more worthless, and nothing but a sounding board for the whiners. That's why I don't bother coming here very often. It used to be useful and funny.

7er capt. Year 12 pay is $219 per hour.

At a generous average of 80 hours per month, your straight pay works out to

$219,240 per year.

So, it's your claim that for the year you are up 50K and for the end of the year, in 2.5 scant months, you will be $120K over that figure. Interesting projection there??

http://www.wallpapergate.com/data/me...sy_Unicorn.jpg

Quite the fantasy world you live in there. :rolleyes:

But, whatever. If this is what makes you feel after the B K beat down :D

sailingfun 10-19-2014 04:48 PM


Originally Posted by TheManager (Post 1749516)
7er capt. Year 12 pay is $219 per hour.

At a generous average of 80 hours per month, your straight pay works out to

$219,240 per year.

So, it's your claim that for the year you are up 50K and for the end of the year, in 2.5 scant months, you will be $120K over that figure. Interesting projection there??

http://www.wallpapergate.com/data/me...sy_Unicorn.jpg

Quite the fantasy world you live in there. :rolleyes:

But, whatever. If this is what makes you feel after the B K beat down :D

I am above him and have not worked all that hard. You need to know your contract and use it well.

badflaps 10-19-2014 04:50 PM


Originally Posted by Carl Spackler (Post 1749496)
Care to actually respond to the point of the posts?

Carl

Ya, you are wasting time explaining the obvious, it has been that way forever, if you don't think they wouldn't come down hard on the pilots you missed history. I'm not sure how much I paid in strike benefits to N/W, Continental, TWA, and EAL over the years, lots, Nobody came out.

Scoop 10-19-2014 04:56 PM


Originally Posted by TheManager (Post 1749516)
7er capt. Year 12 pay is $219 per hour.

At a generous average of 80 hours per month, your straight pay works out to

$219,240 per year.

So, it's your claim that for the year you are up 50K and for the end of the year, in 2.5 scant months, you will be $120K over that figure. Interesting projection there??

http://www.wallpapergate.com/data/me...sy_Unicorn.jpg

Quite the fantasy world you live in there.

But, whatever. If this is what makes you feel after the B K beat down :D



Manager,

I am also already 20% above my annual straight rate - it can be done. The key is to do it without working too hard. :D Keep in mind this includes the Feb 14th PS check and the October PS advance.

He also maxed out his 401K so his company match of 15% gets converted into pay-rates. Throw in a bunch of green-slips and before you know it you have a pretty good year.

Scoop

sailingfun 10-19-2014 05:10 PM


Originally Posted by Scoop (Post 1749529)
Manager,

I am also already 20% above my annual straight rate - it can be done. The key is to do it without working too hard. :D Keep in mind this includes the Feb 14th PS check and the October PS advance.

He also maxed out his 401K so his company match of 15% gets converted into pay-rates. Throw in a bunch of green-slips and before you know it you have a pretty good year.

Scoop

I flew with a MSP 767 FO who claimed he made 300k last year. He was working way to hard for me however.

Dorfman 10-19-2014 05:31 PM


Originally Posted by TheManager (Post 1749516)
7er capt. Year 12 pay is $219 per hour.

At a generous average of 80 hours per month, your straight pay works out to

$219,240 per year.

So, it's your claim that for the year you are up 50K and for the end of the year, in 2.5 scant months, you will be $120K over that figure. Interesting projection there??

http://www.wallpapergate.com/data/me...sy_Unicorn.jpg

Quite the fantasy world you live in there. :rolleyes:

But, whatever. If this is what makes you feel after the B K beat down :D

If you live in base and work the GS you can do it. I am about 30% above straight line pay. I am not working that hard either to get there.

I know some NB captains that will be over $300k this year with GS. It can be done if you work your schedule and get a little lucky with GS.

That being said I look forward to big gains in the next contract in pay AND quality of life items.

80ktsClamp 10-19-2014 08:33 PM


Originally Posted by Scoop (Post 1749529)
Manager,

I am also already 20% above my annual straight rate - it can be done. The key is to do it without working too hard. :D Keep in mind this includes the Feb 14th PS check and the October PS advance.

He also maxed out his 401K so his company match of 15% gets converted into pay-rates. Throw in a bunch of green-slips and before you know it you have a pretty good year.

Scoop

I'm significantly above my annual rate guarantee as well- I work smarter, not harder by advantageous swaps and GS's. :) I also sure as heck don't adjust my pay rate for profit sharing (haven't we learned any better after a decade of losses?). The short staffing is more the reason for the big bucks than anything else. Otherwise there wouldn't be a 320 guy pulling in above 400 2 years in a row.

scambo1 10-20-2014 01:09 AM


Originally Posted by Purple Drank (Post 1749437)
does that include your side business? :cool:

I'm at $238 for the year so far, dal w2, and I'm throttling back since my 1040 front page write offs would have trouble keeping me below the amt at the rate I've been going. I ain't working fo' unka sugah.

TenYearsGone 10-20-2014 08:45 AM

With regards to the future New Widebody order:

"What are you willing to give up for that?":D<---Place your bet folks!

TEN


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