Details on Delta TA
06-07-2015 | 07:29 PM
#6131
Gets Weekends Off
Joined: Dec 2014
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I think this reads really well if you replace "shareholders" with "pilots". Imagine what we could achieve if management felt obligated to give pilots "some sort of satisfaction going forward".
What stock price penalty did we "pay" this year with the current PS in place? Why aren't shareholders who OWN delta smarter than the average bear, who knows that buybacks are usually a bad idea and often motivated by management's pursuit of self-enrichment?
What stock price penalty did we "pay" this year with the current PS in place? Why aren't shareholders who OWN delta smarter than the average bear, who knows that buybacks are usually a bad idea and often motivated by management's pursuit of self-enrichment?
06-07-2015 | 07:30 PM
#6133
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Joined: Sep 2008
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From: Kickin’ Back
I want a better contract.
How does your/living the dream's strategy get us a better contract? You want everything off the table from the get go. Nothing can be traded or bargained away for improvements. The only leverage remaining is "labor peace". I don't see this as a valid strategy for our pilot group.
How does your/living the dream's strategy get us a better contract? You want everything off the table from the get go. Nothing can be traded or bargained away for improvements. The only leverage remaining is "labor peace". I don't see this as a valid strategy for our pilot group.
Denny
06-07-2015 | 07:32 PM
#6134
Banned
Joined: Oct 2013
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Really? How so? The company will have to be in bankruptcy. Anything short of that and I retain my fixed pay rate. Surely you don't think I would volunteer my pay like John Malone's MEC did? Got that T-shirt when the majority ratified pre-bankruptcy concessions. I think the pilot group learned from that one.
06-07-2015 | 07:42 PM
#6137
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Joined: Sep 2014
Posts: 5,146
Likes: 112
I love Buffet and think Jim Cramer is an imbecile...so probably a good idea not to listen to this particular internet shmuck. I'm not sure Buffet would concur with this recent Delta buyback, but you have me intrigued. And of course any investor would probably love for me to fly 90 hour months every month and eliminate my vacation, but I'm not beholden to what they demand.
06-07-2015 | 07:44 PM
#6138
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Joined: Aug 2007
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I'll give you some bullet points, and you can draw your own conclusion. Pilots got 37% of the entire profit sharing pool, which (the entire pool) amounted to $1 billion or 25% of the entire profit the company made in 2014. THe shareholders, and institutional managers, who like it or not, OWN Delta Air Lines, probably do not like this. Management is in a corner. They need to reduce that number. Barring that, they need to placate those shareholders somehow, thus a share buyback and return of capital to those shareholders.
You can disagree with it if you want, and I really don't care, but it is probably a lot closer to reality than most anything I hear on here. If those shareholders don't feel some sort of satisfaction going forward, and that satisfaction must come in the form of profit for themselves, the will put their money elsewhere. The result of that will be lower CAPEX. You want that? It's not a threat, just business. Again, I don't care if you believe it or not, I am connecting obvious dots. No threats or capitulation or no expectation management. If you choose to make your stand because of their $5B payout, you are fighting a losing cause. It's just business.
Again, I'll wait and see what's in the TA before I get all gangsta. YMMV.
You can disagree with it if you want, and I really don't care, but it is probably a lot closer to reality than most anything I hear on here. If those shareholders don't feel some sort of satisfaction going forward, and that satisfaction must come in the form of profit for themselves, the will put their money elsewhere. The result of that will be lower CAPEX. You want that? It's not a threat, just business. Again, I don't care if you believe it or not, I am connecting obvious dots. No threats or capitulation or no expectation management. If you choose to make your stand because of their $5B payout, you are fighting a losing cause. It's just business.
Again, I'll wait and see what's in the TA before I get all gangsta. YMMV.
In this environment, I will give up nothing. I will wind the clock.
It's just my (one) vote.
I want more time with my family (most important) and would like a little more cash in my wallet.
We'll see what happens...
06-07-2015 | 07:45 PM
#6139
Works Every Weekend
Joined: Dec 2007
Posts: 3,506
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From: 737 ATL
06-07-2015 | 07:47 PM
#6140
Gets Weekends Off
Joined: Apr 2012
Posts: 406
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From: 7ER Costar
How is this true? Isn't the survey our primary communication? And when the details of discussions aren't released, what are we supposed to communicate about?
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