Details on Delta TA
06-13-2015 | 07:41 PM
#8621
Gets Weekends Off
Joined: Oct 2014
Posts: 1,537
Likes: 0
From: Downward-Facing Dog Pose
06-13-2015 | 07:45 PM
#8622
Runs with scissors
Joined: Dec 2009
Posts: 7,847
Likes: 0
From: Going to hell in a bucket, but enjoying the ride .
I know this won't go over well, but no matter what facts you think you have, the odds of your prediction of the market's direction is exactly 50/50. I don't care who you are, it's 50/50.
There's the famous story of the guy who shorted collateralized debt obligations in 2007 because he was sure the housing market would collapse. He was right and made 2 billion. He then shorted bonds because he was sure rates couldn't go lower since they were near zero. He was wrong and lost 2.1 billion.
Even though you may be right, the market can be irrational longer than you can keep funding your short position. In all things, moderation.
Carl
There's the famous story of the guy who shorted collateralized debt obligations in 2007 because he was sure the housing market would collapse. He was right and made 2 billion. He then shorted bonds because he was sure rates couldn't go lower since they were near zero. He was wrong and lost 2.1 billion.
Even though you may be right, the market can be irrational longer than you can keep funding your short position. In all things, moderation.
Carl
If you say the market is going to crash every day for 10 years, and then it finally does, were you right or just lucky?
I've got a prediction: There is NFW this TA is going to pass, unless it does.
06-13-2015 | 07:51 PM
#8624
Gets Weekends Off
Joined: Jun 2015
Posts: 357
Likes: 0
From: CA
To be clear, unlike what slowplay stated, the LCA trip pull thing is NOT industry standard.
Only united has the 75% thing-- US has some but it's overall a different deal, and the AA thing has been explained to me several times but I can't quite make heads or tails of it. Virtually all other airlines (FDX and the regionals, too) are similar to what we have (with varying recovery obligations).
It is a MAJOR concession that will affect all FOs as well as junior CAs.
Only united has the 75% thing-- US has some but it's overall a different deal, and the AA thing has been explained to me several times but I can't quite make heads or tails of it. Virtually all other airlines (FDX and the regionals, too) are similar to what we have (with varying recovery obligations).
It is a MAJOR concession that will affect all FOs as well as junior CAs.
I understand you are a moderator here? I made a proposal a few pages back to keep honest information flowing to this thread. Did you happen to read it? I believe we have support for such guidelines. I am told you banned SharpestTool for some of the issues covered in this proposal. Can you please take a look and give your thoughts?
Also, Is it true ACL65 is one of the Atlanta council reps for ALPA? If yes, there is a clear conflict having him as a moderator here. Can moderators read private messages between members here? Any info would be appreciated.
06-13-2015 | 07:58 PM
#8625
Runs with scissors
Joined: Dec 2009
Posts: 7,847
Likes: 0
From: Going to hell in a bucket, but enjoying the ride .
06-13-2015 | 07:59 PM
#8626
Back on TDY
Joined: Apr 2008
Posts: 12,487
Likes: 0
From: 747-400 Captain
06-13-2015 | 07:59 PM
#8627
Da Hudge
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
80ktsClamp,
I understand you are a moderator here? I made a proposal a few pages back to keep honest information flowing to this thread. Did you happen to read it? I believe we have support for such guidelines. I am told you banned SharpestTool for some of the issues covered in this proposal. Can you please take a look and give your thoughts?
Also, Is it true ACL65 is one of the Atlanta council reps for ALPA? If yes, there is a clear conflict having him as a moderator here. Can moderators read private messages between members here? Any info would be appreciated.
I understand you are a moderator here? I made a proposal a few pages back to keep honest information flowing to this thread. Did you happen to read it? I believe we have support for such guidelines. I am told you banned SharpestTool for some of the issues covered in this proposal. Can you please take a look and give your thoughts?
Also, Is it true ACL65 is one of the Atlanta council reps for ALPA? If yes, there is a clear conflict having him as a moderator here. Can moderators read private messages between members here? Any info would be appreciated.
Tool was temporary banned by a site admin for crass language and insulting other members repeatedly. I'm keeping a sharp eye on him.
While ACL65 is still listed as a mod, he hasn't actively participated here since his election. No one can see your PMs except the sender and recipient(s) of the PM.
06-13-2015 | 08:00 PM
#8629
Gets Weekends Off
Joined: Jul 2007
Posts: 1,707
Likes: 0
From: Permanently scarred
06-13-2015 | 08:02 PM
#8630
Gets Weekends Off
Joined: Jul 2008
Posts: 5,583
Likes: 326
DAL Compensation calculations:
Assumptions; 1,000 hrs/year @ 12 years pay seniority
===========================================
Current B-777 Captain
$272 x 1,000 = $272,000 + 20% PS = $326,400
New TA 2015 B-777 Captain with 2016 pay rates
$311 x 1,000 = $311,000 + 10% PS = $342,000
That's a 2016 4.8% raise
+ 1.0% 401K contribution is a total aggregate of 5.8%
===========================================
Current B-777 FO
$185 x 1,000 = 185,000 + 20% PS = $222,000
New TA 2015 B-777 FO with 2016 pay rates
$212 x 1,000 = $212,000 + 10% = $233,200
Thats a 2016 5.0% raise
+ 1.0% 401k contribution is a total aggregate of 6.0%
===========================================
Current B-737 Captain
$219 x 1,000 = $219,000 + 20% PS = $262,800
TA 2015 B-737 Captain with 2016 pay rates
$251 x 1,000 = $251,000 + 10% = $276,222
That's a 2016 5.4% raise
+ 1.0% 401k contribution is a total aggregate of 6.4%
===========================================
Current B-737 FO
$149 x 1,000 = $149,000 + 20% PS = $178,800
TA 2015 B-737 FO with 2016 pay rates
$170 x 1,000 = $170,000 + 10% PS = $187,000
That's a 2016 4.5% raise
+ 1.0% 401k contribution is a total aggregate of 5.5%
===========================================
Cliff's Notes
*Between the most senior pay rates from B-777 Captain to a 12 year B-737 FO...the average pay raise is appx. 5.5%
Add in the 2017 & 2018 3% pay increases and you end up having an 11.5% raise.
Consider the options of turning down TA 2015 carefully.
If disapproved, we can end up going to arbitrage and dragging this out for 2-3 years for only a couple percent more. Then we will be ready for a new contract. Also, the arbitrator's directed to meet just industry standards.
Consider all the facts carefuly and vote wisely!
B-R
Assumptions; 1,000 hrs/year @ 12 years pay seniority
===========================================
Current B-777 Captain
$272 x 1,000 = $272,000 + 20% PS = $326,400
New TA 2015 B-777 Captain with 2016 pay rates
$311 x 1,000 = $311,000 + 10% PS = $342,000
That's a 2016 4.8% raise
+ 1.0% 401K contribution is a total aggregate of 5.8%
===========================================
Current B-777 FO
$185 x 1,000 = 185,000 + 20% PS = $222,000
New TA 2015 B-777 FO with 2016 pay rates
$212 x 1,000 = $212,000 + 10% = $233,200
Thats a 2016 5.0% raise
+ 1.0% 401k contribution is a total aggregate of 6.0%
===========================================
Current B-737 Captain
$219 x 1,000 = $219,000 + 20% PS = $262,800
TA 2015 B-737 Captain with 2016 pay rates
$251 x 1,000 = $251,000 + 10% = $276,222
That's a 2016 5.4% raise
+ 1.0% 401k contribution is a total aggregate of 6.4%
===========================================
Current B-737 FO
$149 x 1,000 = $149,000 + 20% PS = $178,800
TA 2015 B-737 FO with 2016 pay rates
$170 x 1,000 = $170,000 + 10% PS = $187,000
That's a 2016 4.5% raise
+ 1.0% 401k contribution is a total aggregate of 5.5%
===========================================
Cliff's Notes
*Between the most senior pay rates from B-777 Captain to a 12 year B-737 FO...the average pay raise is appx. 5.5%
Add in the 2017 & 2018 3% pay increases and you end up having an 11.5% raise.
Consider the options of turning down TA 2015 carefully.
If disapproved, we can end up going to arbitrage and dragging this out for 2-3 years for only a couple percent more. Then we will be ready for a new contract. Also, the arbitrator's directed to meet just industry standards.
Consider all the facts carefuly and vote wisely!
B-R
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