Details on Delta TA
#3741
Jerry and I pretty much agree...
...but I'll show my math:
10% x 0-2.5B = 250M
1.1B-250M = 850M
850/20% = 4.25b so PTIX was approx. 6.75b (even Sailing is ok with that!)
PTIX 10b:
(.1 x 2.5B) + (.2 x 7.5B) = 1.75B
250M + 1.5B = 1.75B
1.1 = 16.58%
1.75 = 26.37% (based on 2014 wages)
Wage growth of 3% for non contract employees (4% but only 9 mos.)
and no new pilot deal but we increased 3.55% for all 12 months of 2015.
IMO= 25.59% PS Payout
If we have a new PWA, the variables/assumptions will change.
...but I'll show my math:
10% x 0-2.5B = 250M
1.1B-250M = 850M
850/20% = 4.25b so PTIX was approx. 6.75b (even Sailing is ok with that!)
PTIX 10b:
(.1 x 2.5B) + (.2 x 7.5B) = 1.75B
250M + 1.5B = 1.75B
1.1 = 16.58%
1.75 = 26.37% (based on 2014 wages)
Wage growth of 3% for non contract employees (4% but only 9 mos.)
and no new pilot deal but we increased 3.55% for all 12 months of 2015.
IMO= 25.59% PS Payout
If we have a new PWA, the variables/assumptions will change.
#3742
I tend to agree as well. I like the higher degree of certainty of pay rates versus profit sharing. I also think the math of such a conversion should be easy to understand.
#3743
#3744
Thread Starter
Gets Weekends Off
Joined: Oct 2009
Posts: 3,108
Likes: 0
#3745
We all know what happens when the gloomy days are amongst us, right? The company comes after and successfully reduces our wages and quality of life. We need to keep PS, and enhance our work rules and pay rates because we know that one little hiccup or misfire will bring it all down, AGAIN.
It saddens me that we have so many co-workers that "think" management really cares for our well being and that we should concede or not challenge. MGTs' only care is about their pay, shareholders and profits (which is admirable and correct management goals). We do have leverage, think about it. We fly the aircraft safely with excellent Ambassadorship.
I am FOR 18/5/5/5, better work rules and same or better PS schedule.
TEN
#3746
Straight QOL, homie
Joined: Feb 2012
Posts: 4,202
Likes: 1
From: Record-Shattering Profit Facilitator
Then, and only then, should we consent to exploring the possibility of trading profit sharing for rates. Same for the JV grievance. There must be three separate transactions.
If we allow the company to roll PS into C15...we get rolled. I don't understand why so many guys are so anxious to push us away from PS.
#3747
#3748
Gets Weekends Off
Joined: Feb 2008
Posts: 20,877
Likes: 194
That's fine. Let's first negotiate C15 as a standalone product.
Then, and only then, should we consent to exploring the possibility of trading profit sharing for rates. Same for the JV grievance bogey must be three separate transactions.
If we allow the company to roll PS into C15...we get rolled. I don't understand why so many guys are so anxious to push us away from PS.
Then, and only then, should we consent to exploring the possibility of trading profit sharing for rates. Same for the JV grievance bogey must be three separate transactions.
If we allow the company to roll PS into C15...we get rolled. I don't understand why so many guys are so anxious to push us away from PS.
#3749
#3750
Ok. So we agree there is no harm by keeping PS untouched. PS should not even be put into the equation. I expect it to be untouched. I expect at least a 30% pay-raise. I expect better retirement,medical and crew-meals too.
Just say'n.
TEN
Just say'n.
TEN
Last edited by TenYearsGone; 04-29-2015 at 12:15 PM.
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