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Originally Posted by Check Essential
(Post 1875641)
We'll get credit on the next earnings call.
Bastian will tell the analysts that the new pilot contract is not only self-funded, if you count the loss of profit sharing for all employees then the company will actually have lower labor costs if ALPA signs this deal. Now that right there is some constructive engagement. This is more than a rumor. Write your reps! |
Originally Posted by Timbo
(Post 1875484)
Have you guys seen today's rumor on the ChitChat board?
9,6,4,4, with reductions in profit sharing to help pay for it, oh, and other manning concessions too. Supposedly leaked by an insider to get a reaction. Kind of like CDO's I guess. |
Originally Posted by Boatbuilder
(Post 1875656)
Well my reaction is twofold, vote no and send in my renewed DPA card.
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Originally Posted by Timbo
(Post 1875484)
Have you guys seen today's rumor on the ChitChat board?
9,6,4,4, with reductions in profit sharing to help pay for it, oh, and other manning concessions too. Supposedly leaked by an insider to get a reaction. Kind of like CDO's I guess. I agree with the poster that indicated "why rush to a substandard agreement?" The profit sharing check is going to be real $$ the way the contract is written now. If the company is so determined to lessen the percentage they must know this is likely to continue. It's gonna take a good bit more than 9/9/6/4 for me to vote yes on anything that degrades the PS payout. It could easily be 25% this year. Time value of $$ folks. |
Why is it AA can get a double digit raise day one, and we can't?
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Originally Posted by Check Essential
(Post 1875641)
We'll get credit on the next earnings call.
Bastian will tell the analysts that the new pilot contract is not only self-funded, if you count the loss of profit sharing for all employees then the company will actually have lower labor costs if ALPA signs this deal. Now that right there is some constructive engagement. "It was a Cost Neutral contract." |
Originally Posted by shiznit
(Post 1875620)
Not a loss, but a shift of dollars to Section 3.B instead of the Section 3.I where it currently is.
10% of $2B= 200m pilots are roughly 35% of the pool. 35% of 200m = 70m 1% of pay is around 25-27m So 70m/27 = roughly 2.59% Not a gain or loss... Just a move. Wouldn't this be more like 6%? Delta will make $6 billion this year and $10 billion in 2016. Why would we self fund? Why would we accept date of signing hourly rates less than those that are 11 years old? We send boy scouts to negotiate with gladiators. |
Originally Posted by scambo1
(Post 1875645)
We must be close, the stock is already reacting.
This is more than a rumor. Write your reps! My rep (whom I trust) said this is leak is straight from the company to put negotiators on the defensive and induce some pressure to finish the deal. He assured me no deal is imminent. |
I have what may be considered a stupid question but I'll ask anyway.
Why is pay banding bad? I've heard that it costs jobs but I don't understand how/why. |
Originally Posted by Purple Drank
(Post 1875696)
Interesting. So a coordinated leak from management that included some Wall Street players.
My rep (whom I trust) said this is leak is straight from the company to put negotiators on the defensive and induce some pressure to finish the deal. He assured me no deal is imminent. Machiavellian brilliance, actually. |
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