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Originally Posted by Cycle Pilot
(Post 1901014)
Delta Air Lines Inc Stock: Profit Sharing Reduction Helps Offset 15% Increase, Says Credit Suisse
Looks like the investors get it. |
IF this gets to memrat AND passes, I'm going to sneeze on the throttles every time I fly with a pilot who voted "YES".
How do I make one one of those XTRAMORMAL videos? Trip Sign In Day 1. Me: "Hi, Nice to meet you. Do you have kids?, commute?, vote YES to C2015? Capt: "Yes to all three" Me: "Achoo" Capt: "Are you sick?" Me: "Not since C2012..." |
Originally Posted by sailingfun
(Post 1900808)
I am hearing the contract is not going to be voted on by the pilots. I am a borderline no voter at the moment so that is ok. I hold no illusions however that the company will come back to the table. I suspect we will start over with a more traditional process.
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DALPA needs to quit defending the indefensible. If you are a rep and you are reading this, take it back. If you care at all about this pilot group, take it back. If you care about your reputation and how you will forever be viewed by those you represent, take it back.
Every single person I have talked with is happy set the parking brake and enter traditional negotiations while cashing profit sharing checks (that keep growing). Gutting the contract isn't worth the meager, self funded pay raise. |
Originally Posted by Cycle Pilot
(Post 1901014)
Delta Air Lines Inc Stock: Profit Sharing Reduction Helps Offset 15% Increase, Says Credit Suisse
Looks like the investors get it. According to a research note published on Wednesday, Credit Suisse weighs-in on tentative pilot agreement while reiterating an Outperform rating on Delta Air Lines, Inc. (NYSE:DAL) stock with a price target of $57. The sell-side firm believes that 15% increase in fixed rates should offset by 20% profit sharing threshold increase from $2.5 billion to $6 billion. Details of the tentative pilot agreement were released today ahead of the Master Executive Council (MEC) voting this week on whether to send the agreement to the membership for ratification. With the release of details before a closed vote shows that MEC members will ratify the agreement over the next several weeks, which allows Delta to reach an agreement with its pilots approximately six months ahead of the amendable date. Credit Suisse noted that the fixed increase of 15% by the amendable date is slightly more than it expected, but the profit sharing offset is more significant at this point. With the 20% profit sharing threshold moving to $6 billion for all employees, the firm expects approximately $500 million of potential savings, compared to $2.5 billion of threshold. The firm believes that this will be large enough saving to offset the fixed increase of 15% for pilots, giving extra cost of approximately $400 million. According to Bloomberg, 15 analysts recommend a Buy on Delta Air Lines stock, two mark a Hold, and only one tags a Sell. The consensus 12-month target price on the stock is $58.15, showing an upside potential of 41.14% on the current trading price. The stock is currently trading up 1.18% at $41.2 as of 12:41 PM EDT. |
Vote for crying out loud!! The suspense is KILLING me :D
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Originally Posted by Ferd149
(Post 1901044)
Vote for crying out loud!! The suspense is KILLING me :D
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And OUR negotiators DON'T understand ^^^that^^^ pretty simple concept??? (Referring to FTB's post, above). Absolutely amazing.
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Good debate. Reps speaking passionately on both sides.
Gut feeling from the cheap seats: It's going to pass. Some of the yes votes don't necessarily like it but they feel that they must let the line pilots make the final call. |
Originally Posted by Check Essential
(Post 1901051)
Good debate. Reps speaking passionately on both sides.
Gut feeling from the cheap seats: It's going to pass. Some of the yes votes don't necessarily like it but they feel that they must let the line pilots make the final call. |
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