Details on Delta TA
06-10-2015 | 04:17 PM
#7471
Gets Weekends Off
Joined: Jun 2007
Posts: 558
Likes: 0
Self funded raises?
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.
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.
06-10-2015 | 04:22 PM
#7474
Gets Weekends Off
Joined: Nov 2011
Posts: 4,563
Likes: 21
Self funded raises?
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.
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.
06-10-2015 | 04:22 PM
#7475
Straight QOL, homie
Joined: Feb 2012
Posts: 4,202
Likes: 1
From: Record-Shattering Profit Facilitator
It's on us to spread the word on these concessions (professionally and respectfully) to our colleagues.
If the only info a guy gets is from the roadshow, we could be in trouble. He's got to have both sides. If he does, this thing is toast.
06-10-2015 | 04:28 PM
#7478
New Hire
Joined: Jun 2015
Posts: 2
Likes: 0
Is there a third party to verify the upcoming pilot voting results? The surveys are secret, the negotiations are secret, virtually everything in the entire process is top secret. What's to stop the voting results from being rigged?
I have always been a supporter of alpa. But this contract is really horrible. It has made me so mad I finally signed up for this forum just to write this. It's embarrassing that MD would send out a 7 page letter explaining and teaching all of us how incredible and historic this deal is. Are they looking at the same TA as the rest of us? My trust is gone. I wish they didn't do this, but they really shot themselves in the foot this time.
I have always been a supporter of alpa. But this contract is really horrible. It has made me so mad I finally signed up for this forum just to write this. It's embarrassing that MD would send out a 7 page letter explaining and teaching all of us how incredible and historic this deal is. Are they looking at the same TA as the rest of us? My trust is gone. I wish they didn't do this, but they really shot themselves in the foot this time.
06-10-2015 | 04:31 PM
#7479
Back on TDY
Joined: Apr 2008
Posts: 12,487
Likes: 0
From: 747-400 Captain
06-10-2015 | 04:33 PM
#7480
veut gagner à la loterie
Joined: Apr 2008
Posts: 23,286
Likes: 0
From: Light Chop
Why do they think they're doing us a favor sending it to memory rat?
What's the point in having reps vote on a ta if sending it to us is a automatic pass through?
I guess Moak was Constructive Engagement and Donatelli is On Time Concessions.
What's the point in having reps vote on a ta if sending it to us is a automatic pass through?
I guess Moak was Constructive Engagement and Donatelli is On Time Concessions.
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