Airline Pilot Central Forums - Details on Delta TA

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)

- Delta (https://www.airlinepilotforums.com/delta/)

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

Pilotstats banned within 1 week.

Place your bets.

Fwiw for 1Q2015 pretax income increased over 30% to $594 million, despite a $300 million early hedge settlement.

1Q2015 had a 280%+ increase in profit for ten US airlines over 1Q2014.

Quote:

Originally Posted by forgot to bid (Post 1884592)

Pilotstats banned within 1 week.

Place your bets.

Asking another person who posts here to verify a math question is a TOS violation? I guess I learn something new everyday.

Quote:

Originally Posted by sailingfun (Post 1884368)

What some fail to realize is that in conventional negotiations you meet once or twice a month and the company rarely sends decision makers to the meetings. We are meeting 4 to 5 days a week with the principles in the room. We have probably already done the equivalent of two years negotiations at the normal pace.

Really???
From todays (May 20, 2015) negotiating update:

With these four days, your Negotiating Committee has met for a total of 24 days with their Company counterparts since negotiations began in March. For many other pilot groups, it often takes six months or more to achieve this amount of negotiating time.

Quote:

Originally Posted by forgot to bid (Post 1884605)

Fwiw for 1Q2015 pretax income increased over 30% to $594 million, despite a $300 million early hedge settlement.

1Q2015 had a 280%+ increase in profit for ten US airlines over 1Q2014.

Ahh, very good point. "Early hedge settlements" are not part of the PTIX excluding one-time items (hedges are considered "one-time").

Quote:

Delta’s adjusted pre-tax income for the March 2015 quarter was $594 million, an increase of $150 million over the March 2014 quarter on a similar basis.

I wonder how much of that difference YOY is due to the winter storms in 2014 that were not present in NYC/ATL for 2015? I hesitate to extrapolate that to the entire year, but I have guessed at least a 7-10% increase in YOY cumulative, having a Q1 increase by 30%'ish gets us off to a very good start in improving the end state! Worrisome is the Doug Parker announcement that he's going to lower fares aggressively and that SWA is going to increase capacity by 8% this year. Oil prices are slowing creeping up again but I think that will mute itself as increases tamp down on demand it will moderate down it again. These things will not help our PTIX going forward in 2015.

I think we will see a PS check that flirts with 20% for 2015.

nice job schwanker. apparently sailingfun needs to go back an reread his alpo updates

Quote:

Originally Posted by JetManJim (Post 1884507)

Folks- there is absolutely no hurry for us. We could conceivably have a PS payout this year close to 40% and 50% for next year. That's like a 40% or 50% raise for doing nothing. Don't you see? That's why DAL management is in such a big hurry to get this contract done. They realize that our PS payout far exceeds any raise that they will ever negotiate. So give us an ok raise but cut PS (so they can also reduce the payout to the other work groups). That is their objective and they will do everything they can to sell us that we are getting an amazing deal. I can promise that DAL management wants to sell us on guaranteed money over the uncapped PS money. If we agree, what appears to be a pay raise will actually be a pay cut when future PS is taken into account. So our great contract will be nothing more than an illusion masked in a so-called pay raise that is really a pay cut in disguise. Folks, don't fall for it. Our golden goose is PS and ever more so looking into the future.

I have no idea where you are getting your numbers from. Profit sharing will be somewhere in the 19 to 21% range this year. If we hit the companies estimates next year perhaps 25.
There is another path also. Anyone listen to Doug Parkers comments today?

Quote:

Originally Posted by sailingfun (Post 1884669)

Quote:

The falling fuel costs have significantly impacted American’s bottom line, the CEO said on the show. American Airlines forecasts $4.5 billion in fuel savings this year.

“Our largest cost has fallen 30 to 40 percent," Parker said. "That's not an insignificant change in the economics of the business."

I'd like to be paid 4,500 shares of unrestricted Delta stock. :D

We need to stop calling it profit sharing or at risk pay and call it what it is in Wall Street lingo... a bonus.

Profits sharing sounds like you're having to give money away which takes away from profits. Let's just call it what it is, a bonus for a job well done.

Quote:

Originally Posted by forgot to bid (Post 1884709)

I'd like to be paid 4,500 shares of unrestricted Delta stock. :D

UAL and AMR lost about 8 billion in equity today on Parkers comments. I suspect he would like a chance to rephrase what he said. Delta fared better. We are down about 2 billion. Might be a good time to buy!