Details on Delta TA
05-20-2015 | 09:51 AM
#4433
On Reserve
Joined: May 2015
Posts: 22
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From: number cruncher
05-20-2015 | 09:57 AM
#4434
Line Holder
Joined: Dec 2009
Posts: 1,324
Likes: 53
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.
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.
05-20-2015 | 10:11 AM
#4435
On Reserve
Joined: May 2015
Posts: 22
Likes: 0
From: number cruncher
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 think we will see a PS check that flirts with 20% for 2015.
05-20-2015 | 10:50 AM
#4437
Gets Weekends Off
Joined: Feb 2008
Posts: 20,877
Likes: 194
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.
There is another path also. Anyone listen to Doug Parkers comments today?
Last edited by sailingfun; 05-20-2015 at 11:05 AM.
05-20-2015 | 11:24 AM
#4438
veut gagner à la loterie
Joined: Apr 2008
Posts: 23,286
Likes: 0
From: Light Chop
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."
“Our largest cost has fallen 30 to 40 percent," Parker said. "That's not an insignificant change in the economics of the business."
05-20-2015 | 11:26 AM
#4439
veut gagner à la loterie
Joined: Apr 2008
Posts: 23,286
Likes: 0
From: Light Chop
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.
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.
05-20-2015 | 11:34 AM
#4440
Gets Weekends Off
Joined: Feb 2008
Posts: 20,877
Likes: 194
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!
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