Details on Delta TA
05-20-2015 | 04:34 PM
#4441
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I think stock buybacks in general are dumb and contribute little to nothing to the value of a company long term. Although reasonable dividends can be smart provided employee and product investment come first. But to any extent we do stock buybacks, it should be all saved up and pooled for hissy fit analcyst crackberry day trader temper tantrums like today. At least we'd get more for our money that way, and it would provide a nice backstop for the real longer term investor.
05-20-2015 | 05:26 PM
#4442
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From: 747-400 Captain
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.
This is not even arguable it's so clear. Management is hurrying to decrease pilot costs to Delta. To do anything else would put them in fiduciary breach. What management is hurrying to prevent is almost immaterial. It's only important to understand that they're hurrying to REDUCE costs. That is leverage for us to pursue OUR goals with the TIMIMG being secondary.
Carl
05-20-2015 | 05:38 PM
#4443
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Silly people and fear of seemingly small numbers.... 9% upon ratification and 9% on Jan.1 is an 18.81% increase on the amendable date; about 1/2 point ahead of C2K 2004 rates! Hooray, it only took 12 years. Profit sharing would not change for 2015 (like last time) so that adds another 19-20% on top of 2015 earnings, don't you just love the frosting on that cake!
Since we all love to speculate here, let's go with the PS plan changes on the bottom to move 5% over to the rates, (9/9/4/4 is actually 9/4/4/4). Therefore in 2016 you are being paid more than 2004 rates, and even though you lopped 5% off of the PS calculation, the projected payout (using the 2015 estimate), would still add roughly 14-16% onto that amount come February.Looks like quite close to C2K plus inflation.(and way ahead of the previous peak for PMNW pilots). Yes I think we would see C2K+14.5% at least for the 2016 year.
Given a status quo in the rest of the contract it's a no brainer. The interesting parts will be in other than Section 3, will we gain or lose? We've seen giveaways and gains in all different areas. Quantifying that will be the part that needs the most scrutiny.
Since we all love to speculate here, let's go with the PS plan changes on the bottom to move 5% over to the rates, (9/9/4/4 is actually 9/4/4/4). Therefore in 2016 you are being paid more than 2004 rates, and even though you lopped 5% off of the PS calculation, the projected payout (using the 2015 estimate), would still add roughly 14-16% onto that amount come February.Looks like quite close to C2K plus inflation.(and way ahead of the previous peak for PMNW pilots). Yes I think we would see C2K+14.5% at least for the 2016 year.
Given a status quo in the rest of the contract it's a no brainer. The interesting parts will be in other than Section 3, will we gain or lose? We've seen giveaways and gains in all different areas. Quantifying that will be the part that needs the most scrutiny.
As predicted folks, the MEC administration is desperately looking for the believable excuse as to why they gave away some profit sharing. That excuse is proving difficult, so there's nothing left for them but to demean profit sharing so we're willing to give it up voluntarily. Expect lots more of this.
Carl
05-20-2015 | 05:42 PM
#4444
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Carl
05-20-2015 | 05:44 PM
#4445
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05-20-2015 | 05:49 PM
#4446
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All of us at Ford & Harrison thank you in advance for your continued support.
Carl
05-20-2015 | 06:07 PM
#4447
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Joined: Feb 2008
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I think stock buybacks in general are dumb and contribute little to nothing to the value of a company long term. Although reasonable dividends can be smart provided employee and product investment come first. But to any extent we do stock buybacks, it should be all saved up and pooled for hissy fit analcyst crackberry day trader temper tantrums like today. At least we'd get more for our money that way, and it would provide a nice backstop for the real longer term investor.
05-20-2015 | 06:41 PM
#4450
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From: 747-400 Captain
Carl
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