John posted this at Facebook. I thought it was an interesting trip down memory lane. This is why PS is being given away too cheaply.


"We share the same opinion on the TA overall. I just want you to consider the following:

profit sharing (which was diminished in our last agreement) was negotiated when the company was raping us in bankruptcy. So you may ask why they would give something so "valuable" away? It was to shut us up in court, and they never thought it would pay in this manner. And it was a raping we took. Meanwhile, the big boys, would laugh, scoff and refuse to accept only two months of "at risk" compensation.

Here is what we lost in letter 51 (when/where we got profit sharing), 14% pay (on top of an earlier 32.5%), loss of 6th week vacation, diminished vacation accrual, vacation day to 3:00 hours per day, loss of defined benefit, loss of life time disability, gutting of survivorship plan in retirement, loss of medical coverage in retirement, the 76 seat RJ, the 1st change to sick leave (all of us on the same sick leave year and reduction in full pay), reduction in international pay, and loss of night pay.

Some of the above has been restored. When the rest has, I would be willing to talk about changing profit sharing. Meanwhile, IMO, they owe us about 1.5 billion per year in back pay."

 

They sure do. However, they've decided that purchasing a union was much cheaper.

Carl

 

A true leader. I hope he will step in and step up to negotiate our next TA after this one fails 85% No, 15% Yes.

How could we ever agree to a deal that pressures pilots to fly when they are sick? Who would ever agree to that and sleep at night?

 

On a scale of 1 to 10, this TA is a zero. An epic failure, start to finish.

What other job in the world is there where your mistake can cost the company hundreds of millions?

None.

If a $750,000/year brain surgeon makes a mistake, one person dies.

Who carries the burden of responsibility that we do?

Why have our leaders accepted a permanent reset?

Would the CEOs in American accept a permanent reset?

Why are we still working under concessions when our company is making billions and returning billions to the shareholders?

IT IS TIME TO SHARE IN THE SUCCESS WE CREATED. NO ONE CONTRIBUTED MORE THAN THE DELTA PILOTS. NO ONE.

 

Didn't Malone trade away all of our profit sharing in 1999 for the B777 rate?

They called it the Delta Dot.

 

Yeah, right...Right after the Germans bombed Pearl Harbor.


We didn't even have PS in 1999.

 

Yes we did. We gave up profit sharing for a raise and the final elimination of B scale at mainline. It was done without Memrat. The C scale remained at Express. It may have occured in 1998, the 777 and 73N rate agreement was a different agreement, which did go to Memrat. I voted no on that one.

 

That is not correct. The 777 rate was a stand alone rate and nothing was given up.

 

See what this place does to people? You just believe what you want to believe.

Negotiator's Notepad C2K-2, dated October 5, 1999, states:

Profit Sharing Conversion - This TA achieves a C2K objective: conversion of income to pensionable wages. All pilots will receive a final profit sharing payment in late January that covers the July-December 1999 period. After the final payments are made, The plan will be terminated. Hourly pay rates will increase by a corresponding 6% on 1/1/00 for all pilots, including probationary pilots.








 

What was the amount of profit sharing at that time?