Details on Delta TA
06-16-2015 | 04:25 PM
#9331
New Hire
Joined: Jun 2015
Posts: 3
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Why was the schedule for the roadshow released after everyone had already bid for their July schedules? And then we only have 30 days to get information on the contract before voting? It's as if our union doesn't want us to have time to think about this or learn all the details...
06-16-2015 | 04:29 PM
#9332
Works Every Weekend
Joined: Dec 2007
Posts: 3,506
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From: 737 ATL
Professor-
I would also like to know if that is true.
That not only violates the terms of service on this forum, it violates ...
I'll stop typing now and await your response.
06-16-2015 | 04:30 PM
#9333
Gets Weekends Off
Joined: Dec 2014
Posts: 1,184
Likes: 0
Lot of ifs there t, and that's the problem. Tons of examples of stock buy back programs not working. Delta under Leo was one example.
If there was any correlation with stock buy back programs and an advancing stock price, you could make a killing. There's not. In fact, Delta stock is now behaving like a lot of stock performance after the program is announced. Straight down.
If anything, the best play on a stock after buy back announcements is an optioned short position. In my opinion of course.
Carl
If there was any correlation with stock buy back programs and an advancing stock price, you could make a killing. There's not. In fact, Delta stock is now behaving like a lot of stock performance after the program is announced. Straight down.
If anything, the best play on a stock after buy back announcements is an optioned short position. In my opinion of course.
Carl
I think in the rest of this you are proving my point that the executives are not doing this to enrich themselves like some on here seem to think.
06-16-2015 | 04:33 PM
#9334
Gets Weekends Off
Joined: Dec 2014
Posts: 1,184
Likes: 0
You are vulnerable to it anyway. Anybody, at any time can bid into a category where there is an AE and a junior pilot is vulnerable to being subsequently displaced. This dog don't hunt guys. Sorry, you are looking for a boogeyman where there is none. There is plenty of reason to dislike this without making stuff up to fit an argument. If it makes you feel better though, have at it.
06-16-2015 | 04:35 PM
#9335
Gets Weekends Off
Joined: Dec 2014
Posts: 1,184
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The investment theory is stock buy backs provide a floor where the stock price won't drop below. This only works as long as there is money to repurchase stock. If the underlying company is crap, it won't save it. Eventually, there has to be a point where they can't support it anymore.
06-16-2015 | 04:36 PM
#9336
Gets Weekends Off
Joined: Dec 2014
Posts: 1,184
Likes: 0
Think about where all the 747 F/O's are going to displace to.
If this thing goes through, instead of them displacing to say, senior 777 F/O or senior A330 F/O, they will probably say, "Well, that whole LCA trip drop thing was great while it lasted, but it sucks so bad now, I'm going to displace into the 767ER Captain seat.".
Presto, the junior 767 Captains are displaced to the 737, and those junior Captains displace to the 88, and those junior Captains have a party because they HATE flying the MD88!
You guys are playing checkers, Richard is playing chess. You all need to look about 2-3 years (at least!) down the road to see the same thing Richard is seeing and setting the table for today.
If this thing goes through, instead of them displacing to say, senior 777 F/O or senior A330 F/O, they will probably say, "Well, that whole LCA trip drop thing was great while it lasted, but it sucks so bad now, I'm going to displace into the 767ER Captain seat.".
Presto, the junior 767 Captains are displaced to the 737, and those junior Captains displace to the 88, and those junior Captains have a party because they HATE flying the MD88!
You guys are playing checkers, Richard is playing chess. You all need to look about 2-3 years (at least!) down the road to see the same thing Richard is seeing and setting the table for today.
06-16-2015 | 04:44 PM
#9337
ATL A320 B
Joined: Oct 2009
Posts: 238
Likes: 0
From: No longer MEM or 9, but still a guy.
Don't need a roadshow to decide...
I spent several hours over the last 2 days looking at the published Contract Comparison, the ALPA "conceptual opener," and the TA, as well as thinking about my survey responses.
If you take the time to do this, you should not need a roadshow to decide how to vote. I am a solid NO vote as this whole process seems to be an absurd failure by our Negotiators and MEC.
The TA in no way reflects what was asked in the survey, and does not seem to attain anything alluded to in our opener.
If you go back and look at the comparison document, you will see that this TA does not make us industry leading by any stretch of the imagination. In fact, we have even reverse pattern bargained by giving up things like FO Bidding to erase some of the gains that we had made on AA and United. The NN even called the new sick leave policy "the best in the industry" while the comparison clearly states otherwise.
I am not sure how this thing got so bad but it is clearly an overreach by the company for which they want to grossly underpay.
NO WAY!
If you take the time to do this, you should not need a roadshow to decide how to vote. I am a solid NO vote as this whole process seems to be an absurd failure by our Negotiators and MEC.
The TA in no way reflects what was asked in the survey, and does not seem to attain anything alluded to in our opener.
If you go back and look at the comparison document, you will see that this TA does not make us industry leading by any stretch of the imagination. In fact, we have even reverse pattern bargained by giving up things like FO Bidding to erase some of the gains that we had made on AA and United. The NN even called the new sick leave policy "the best in the industry" while the comparison clearly states otherwise.
I am not sure how this thing got so bad but it is clearly an overreach by the company for which they want to grossly underpay.
NO WAY!
06-16-2015 | 04:48 PM
#9338
Gets Weekends Off
Joined: Dec 2014
Posts: 1,184
Likes: 0
Good lord.
Now Bender (aka Tsquare) is attempting to claim...in effect...that RA is a moron who doesn't know what he's doing re: the stock buyback, all the while using quaint mgmt phrases like "move the needle".
(sigh)
And people wonder why I advised putting him on ignore. You can't make this **** up.
.
Now Bender (aka Tsquare) is attempting to claim...in effect...that RA is a moron who doesn't know what he's doing re: the stock buyback, all the while using quaint mgmt phrases like "move the needle".
(sigh)
And people wonder why I advised putting him on ignore. You can't make this **** up.
.
06-16-2015 | 04:51 PM
#9339
Gets Weekends Off
Joined: Oct 2014
Posts: 1,537
Likes: 0
From: Downward-Facing Dog Pose
I spent several hours over the last 2 days looking at the published Contract Comparison, the ALPA "conceptual opener," and the TA, as well as thinking about my survey responses.
If you take the time to do this, you should not need a roadshow to decide how to vote. I am a solid NO vote as this whole process seems to be an absurd failure by our Negotiators and MEC.
The TA in no way reflects what was asked in the survey, and does not seem to attain anything alluded to in our opener.
If you go back and look at the comparison document, you will see that this TA does not make us industry leading by any stretch of the imagination. In fact, we have even reverse pattern bargained by giving up things like FO Bidding to erase some of the gains that we had made on AA and United. The NN even called the new sick leave policy "the best in the industry" while the comparison clearly states otherwise.
I am not sure how this thing got so bad but it is clearly an overreach by the company for which they want to grossly underpay.
NO WAY!
If you take the time to do this, you should not need a roadshow to decide how to vote. I am a solid NO vote as this whole process seems to be an absurd failure by our Negotiators and MEC.
The TA in no way reflects what was asked in the survey, and does not seem to attain anything alluded to in our opener.
If you go back and look at the comparison document, you will see that this TA does not make us industry leading by any stretch of the imagination. In fact, we have even reverse pattern bargained by giving up things like FO Bidding to erase some of the gains that we had made on AA and United. The NN even called the new sick leave policy "the best in the industry" while the comparison clearly states otherwise.
I am not sure how this thing got so bad but it is clearly an overreach by the company for which they want to grossly underpay.
NO WAY!
Excellent post and 100% accurate. Your points are mirrored perfectly by many others who have posted previously on this thread. Please be sure to mention these points to everyone you know!
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