CE,

I don't have any faith in what we are being told (or, not told). It took me 5 minute to get the PTP rep to disclose that our January 1, 2016 pay raise will be paid for by our cut in profit sharing -- one question and one sentence at a time.

 

Oh, I thought you were somehow arguing against rj guys being competent and uninsurable and using the Asiana crash to back it up.

Context.

 

That is the exact problem I have with this. Good analysis sir. If you take profit sharing out of the equation completely, how much pay increase will we see? ---> .26% <--- Now add it back in. How much will we see?
---> .26% <--- and we then get a profit sharing check of 5.74% (or more).

It really boils down to whether or not you believe DAL's profit will fall below $6B during the term of this contract. My gut tells me that it won't. The industry still has too many players that are behind us in their mergers. Now next contract will probably be a different story, and if this were a 6 or 7 year deal I might have a different opinion, but as it is now? uh, no.

 

Oh , no. That wasn't it at all.

 

Was the P2P volunteer evading the question or playing dumb or just didn't understand the question?

 

Another insult to consider:


With the TA, you have to consider whether, or not, profits will be above $6 billion, AFTER management/executive bonuses are taken out.


Without the TA, profits are calculated BEFORE management bonuses are taken out.



And the hits just keep on rolling......

 

Here's how the conversation went:



Me: "So, you would agree that the cut in profit sharing is a concession, right?"

PTP guy: "Oh no! It's not a concession at all."

Me: (With a bewildered look on my face) "It's not? Ok. I'm listening. Explain."

PTP guy: "Well, what't we've done is monetized the profit sharing loss between the 10% and the 20% and captured the profit sharing for you. Guaranteed money."

Me: "Really? So, it's guaranteed money?"

PTP guy: "Yes."

Me: "How so?"

PTP guy: "We calculated it. The loss in profit sharing is about 5.74% per pilot. But, we are going to give that to. Guaranteed money instead of the uncertainty of profit sharing."

Me: "So, are you going to give it to us in stock, or something?

PTP guy: "No. It's in cash."

Me: "In cash?"

PTP guy: "Yes."

Me: "So, are you going to give it to us in like a check at the end of the year, or something?"

PTP guy: "Um no."

Me: "Ok. Well how?"

PTP guy: Well, it's reflected in your pay rates?"

Me: "Our pay rates?"

PTP guy: "Yes. The January 2016 pay rates."

Me: "Oah. Ok. So, we get a 6% raise in January. Are you saying now we get almost a 12% raise to compensate for our profit sharing now?"

PTP guy: "No."

Me: "Um. So what are you saying?"

PTP guy: "The 5.74% is incorporated into the raise."

Me: "The 6% raise?"

PTP Guy: 'Yes."

Me: "So, it's really like a (POINT) .26% raise?"

PTP guy: "I'm not sure I would look at it like that."

Me: "Um. Ok."


5 minutes of my life wasted.

 

I can actually see that in my mind. I'm thinking a Perry Mason moment!

Well done sir!

 

Another great website to review is Home. I refer anyone with questions about the TA to look at both of these sites. There are some great links on the buttons at the bottom of the page with the council updates and the 3B4 explaination of our April pay raise.
.

 

New, that was great. Fun to read but yet very sad.