At $10 billion in profit (which RA has said at the Left Seat to our pilots is in our future) we would get 54% in profit sharing. That is 54% of our new C2015 wages which will have historic gains.

That is huge.

11-10-2014 | 12:42 PM

#2973

Sink r8

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OK, it's settled, then: huge.

11-10-2014 | 01:49 PM

#2974

gzsg

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Quote:

Originally Posted by Sink r8

OK, it's settled, then: huge.

It is both illuminating and eye watering how the profit sharing accelerates at 20% above $2.5 billion.

29% at $6 billion profit (my projection for 2015)

54% at $10 billion profit

11-10-2014 | 03:50 PM

#2975

scambo1

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From: 777B

Quote:

Originally Posted by gzsg

It is both illuminating and eye watering how the profit sharing accelerates at 20% above $2.5 billion.

29% at $6 billion profit (my projection for 2015)

54% at $10 billion profit

Gaaaroovy

Not that I wanted to give up profit sharing in the first place. Keep screaming from the citadels, this message needs to get OUT...

11-10-2014 | 05:29 PM

#2976

gloopy

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From: window seat

Quote:

Originally Posted by gzsg

It is both illuminating and eye watering how the profit sharing accelerates at 20% above $2.5 billion.

29% at $6 billion profit (my projection for 2015)

54% at $10 billion profit

Just to play MBA's advocate, is there any funny way they can move the cups around to hide the profit to avoid that? Or simply not make it as a profit (per say) in the first place? I'm against reducing profit sharing anyway, but I really don't envision any scenario where they will pay the worker bees 54% over W-2.

11-10-2014 | 05:53 PM

#2977

TeddyKGB

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From: 7er

Quote:

Originally Posted by gloopy

DAL is publicly traded and there is no way they would hide profits to avoid paying out profit sharing. Extra profit is a win win for both sides.

11-10-2014 | 06:36 PM

#2978

Mesabah

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Quote:

Originally Posted by gloopy

There are many ways to shift profits around in shell companies. The problem Delta holdings has, is they are making so much damn money, it would be impossible to play those games.

11-10-2014 | 08:56 PM

#2979

boxer6

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Quote:

Originally Posted by gzsg

If this guy is half right, we will see profit sharing between 30% and 70% for the next decade.

I think he is spot on and this is the best article written to date on the future of oil.

To reduce profit sharing would be the biggest mistake of our careers.

What this guy left out is the fact that oil derived from shale/fracking has a B/E point at $70/bbl. If spot prices fall below that point, I wouldn't count on energy companies sustaining the production he is counting on, much less increasing it.

A friend in the industry told me it is the Saudis opening their tap. Ostensibly to drive out the shale competition. If this is true, this article has some serious flaws. Disclaimer: I haven't vetted out his comment on Saudi production.

11-15-2014 | 03:02 AM

#2980

gzsg

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Posted 39 minutes ago · Edited #1
My number 1 criticism of DALPA is their lack of stated goals.

Goals send a message. RA now has a goal of 30 gates in SEA. Anyone betting against him?

To achieve a "historic" C2015 DALPA will need to far exceed $1 billion in increases date of signing. What I am proposing is a rock solid minimum for a yes vote from the line pilots.

The truth is, we hold all the power if we choose to use it.

$500 to $600 million for date of signing hourly rate increase. This allows for 2004 hourly rates plus some accounting for what we have lost to inflation.

$400 to $500 million for work rules, retirement, medical, per diem, etc.

Let's send a message loud and clear.
Edit