Details on Delta TA
05-31-2015 | 08:14 AM
#5231
Back on TDY
Joined: Apr 2008
Posts: 12,487
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From: 747-400 Captain
In 2012, our economic analysis folks did not predict the billions in profits. So we accepted paltry pay raises and concessions. Now we know the truth moving forward. The company wants a fast contract because it will be difficult to negotiate in this climate of ridiculous profits, including stock buy backs, dividends, etc. I would predict they go on another buying spree, i.e. Virgin Atlantic, refineries, GOL and RJ purchases. They did it post C2102.
"Those who can not remember the past are condemned to repeat it".
"Those who can not remember the past are condemned to repeat it".
Great gig if you can get it.
Carl
05-31-2015 | 08:19 AM
#5232
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Joined: Apr 2008
Posts: 12,487
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From: 747-400 Captain
The leaks/rumors/floaters don't always come from behind the doors of a closed session meeting. Some of them are like a "show bird" at the trap range. The clay target sails out, and now the other side knows a bit more about where to aim. Some of this stuff is pure garbage, but some of it is written to either prevent a democratic outcome, or to gain intelligence about the pilots' price point in MEMRAT.
But the average bear can't tell the difference. We're talking millions of dollars here, paid for with just a few well-placed words. Congratulations. Management now knows your lowest number, and is certain that APC is filled with complete loons. The latest super premium update from C20 touches on this a bit.
Now that's irony.
But the average bear can't tell the difference. We're talking millions of dollars here, paid for with just a few well-placed words. Congratulations. Management now knows your lowest number, and is certain that APC is filled with complete loons. The latest super premium update from C20 touches on this a bit.
Now that's irony.
This is saving us money and is the best possible thing that could be happening.
Carl
05-31-2015 | 08:26 AM
#5233
Back on TDY
Joined: Apr 2008
Posts: 12,487
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From: 747-400 Captain
If the CDO debacle confirmed anything for us, as well as these recent LEC letters, we as line pilots are actually negotiting against the negotiating committee more than the company.
Still not sure how guys getting up and arms about rj, greenslip, lca and pay issues is a negative. I just don't see that.
The only problem it probably presents is for the NC.
Still not sure how guys getting up and arms about rj, greenslip, lca and pay issues is a negative. I just don't see that.
The only problem it probably presents is for the NC.
Carl
05-31-2015 | 08:26 AM
#5234
Gets Weekends Off
Joined: Mar 2008
Posts: 2,919
Likes: 0
In 2012, our economic analysis folks did not predict the billions in profits. So we accepted paltry pay raises and concessions. Now we know the truth moving forward. The company wants a fast contract because it will be difficult to negotiate in this climate of ridiculous profits, including stock buy backs, dividends, etc. I would predict they go on another buying spree, i.e. Virgin Atlantic, refineries, GOL and RJ purchases. They did it post C2102.
"Those who can not remember the past are condemned to repeat it".
"Those who can not remember the past are condemned to repeat it".
The leaks/rumors/floaters don't always come from behind the doors of a closed session meeting. Some of them are like a "show bird" at the trap range. The clay target sails out, and now the other side knows a bit more about where to aim. Some of this stuff is pure garbage, but some of it is written to either prevent a democratic outcome, or to gain intelligence about the pilots' price point in MEMRAT.
But the average bear can't tell the difference. We're talking millions of dollars here, paid for with just a few well-placed words. Congratulations. Management now knows your lowest number, and is certain that APC is filled with complete loons. The latest super premium update from C20 touches on this a bit.
Now that's irony.
But the average bear can't tell the difference. We're talking millions of dollars here, paid for with just a few well-placed words. Congratulations. Management now knows your lowest number, and is certain that APC is filled with complete loons. The latest super premium update from C20 touches on this a bit.
Now that's irony.
05-31-2015 | 08:29 AM
#5235
Gets Weekends Off
Joined: Aug 2007
Posts: 618
Likes: 0
I would love to hear your alternative? Actually, give me a solution to your problem. Step by step. What is the problem and how do we fix it?
05-31-2015 | 08:46 AM
#5236
Racketeer
Joined: Mar 2015
Posts: 13,327
Likes: 818
From: N60.4858 W149.9327
The problem is we are rushing to a deal. Not The deal.
The solution is slow down and get the Q2 results in July.
There isn't even a carrot this time. No shiny new captain wings or airplanes. At least hold out for the carrot. I'm hungry and drooling over the buffet.
05-31-2015 | 08:56 AM
#5237
Gets Weekends Off
Joined: Apr 2014
Posts: 367
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Part C
Profit sharing is worth 10% of 2.5B + 20% of 2.5B+
2014 was 4.5B
250M + 400M based on 2014 payout. = 650M
If monetized dollar for dollar: 650M
That's a 28.8% pay increase day 1. If you keep profit sharing at 20% above 4.5 billion this is a cost neutral deal.
The original Question was:
Is this to much to ask?
NO!, its too Little!
Cost neutral is a 28.8% raise if we reset profit sharing to 4.5B
Ed Bastian could still say "cost neutral" and we would still participate in the upside.
Disclaimer:
That's just pay. We need to make gains. For every dollar value we give up we are a cost savings to management. Notice I said gains not the c word. I can't even use that word in this, the best negotiating environment in our history.
Profit sharing is worth 10% of 2.5B + 20% of 2.5B+
2014 was 4.5B
250M + 400M based on 2014 payout. = 650M
If monetized dollar for dollar: 650M
That's a 28.8% pay increase day 1. If you keep profit sharing at 20% above 4.5 billion this is a cost neutral deal.
The original Question was:
Is this to much to ask?
NO!, its too Little!
Cost neutral is a 28.8% raise if we reset profit sharing to 4.5B
Ed Bastian could still say "cost neutral" and we would still participate in the upside.
Disclaimer:
That's just pay. We need to make gains. For every dollar value we give up we are a cost savings to management. Notice I said gains not the c word. I can't even use that word in this, the best negotiating environment in our history.
^^ This
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05-31-2015 | 08:57 AM
#5238
Gets Weekends Off
Joined: Apr 2014
Posts: 367
Likes: 0
05-31-2015 | 09:00 AM
#5239
Gets Weekends Off
Joined: Apr 2014
Posts: 367
Likes: 0
Delta C2015
$5 billion dollar stock buyback at 7 years into a bull run. It doesn't take a rocket scientist to figure out that money could replace all the 88's or give us a fleet of A350s in SEA and LAX to compete with Asian and ME carriers. Nope, it goes to good will.
I will take the 20% PS and drag my feet like no other. Fly the contract.
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I will take the 20% PS and drag my feet like no other. Fly the contract.
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05-31-2015 | 09:21 AM
#5240
Gets Weekends Off
Joined: Nov 2013
Posts: 2,605
Likes: 12
From: A320 Left seat
But if we agree to give up some PS, the company will reduce PS for all non union groups. So let's use the entire PS pool for our calculations because the company will save that % ultimately.
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