DALPA Propoganda Wrong Again....
06-30-2015 | 09:14 AM
#51
:-)
Joined: Feb 2007
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In 5 years, Delta will be sitting on $20 billion in cash and $40 billion in flight equipment, you bet your ass you could get a blank check for $35 billion. You and I could even do it, if we had a leaseback company willing to purchase the airplanes, and lease them back to us.
06-30-2015 | 09:16 AM
#52
Gets Weekends Off
Joined: Dec 2014
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In 5 years, Delta will be sitting on $20 billion in cash and $40 billion in flight equipment, you bet your ass you could get a blank check for $35 billion. You and I could even do it, if we had a leaseback company willing to purchase the airplanes, and lease them back to us.
06-30-2015 | 09:43 AM
#53
Gets Weekends Off
Joined: Mar 2015
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From: ir.delta.com
We aren't FORCING them to buy anything. They are gonna buy whatever they NEED to execute their plan. All we did in any of the above mentioned airframes was to place conditions upon other needs that allow them to buy what they want. And guess what: If they didn't need the 717s E190s and anything else, they wouldn't buy them. You really think any of those were huge wins for us? That's beyond naive.
The reason we don't have 787s is because BA couldn't deliver on it's promise. The original airframe did not perform anywhere near the level they said it would. It was massively heavier than originally sold. And mostly, Mr Anderson got a little lucky.
And tell me this. You want to hold them accountable for non compliance. OK. How you gonna do that? The way C15 does it is to move the goalposts. It's like saying land in the touchdown zone, but moving it back 1,000 feet in the middle of your flare. There are no damage mitigations spelled out in ANY of our contract language other than gray lawyer language that a first year student can shoot holes in. "To be brought back into compliance within a year" Really? We now have a precedence of a weak azzed grievance settlement of $30M. Pocket change. DAL is a $40 billion company. $30 million is a good holiday weekend.
The reason we don't have 787s is because BA couldn't deliver on it's promise. The original airframe did not perform anywhere near the level they said it would. It was massively heavier than originally sold. And mostly, Mr Anderson got a little lucky.
And tell me this. You want to hold them accountable for non compliance. OK. How you gonna do that? The way C15 does it is to move the goalposts. It's like saying land in the touchdown zone, but moving it back 1,000 feet in the middle of your flare. There are no damage mitigations spelled out in ANY of our contract language other than gray lawyer language that a first year student can shoot holes in. "To be brought back into compliance within a year" Really? We now have a precedence of a weak azzed grievance settlement of $30M. Pocket change. DAL is a $40 billion company. $30 million is a good holiday weekend.
787s are an example of multiple metrics in a contract and how they worked to the advantage of one party. BA couldn't make the metrics so value was extracted to make Delta whole. EASK is the metric all the JVs are written in for a reason. Adding a minimum block hour threshold enhances protection. Changing to exclusively block hours reduces protection.
They are compliant in several areas of the contract. If they chose not to pay you would that be motivation to force compliance? If we are not trusting them to comply why bother amending the contract. Keep C2012.
06-30-2015 | 10:57 AM
#54
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Joined: Jul 2007
Posts: 2,551
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From: Road construction signholder
Read the following. With $178 billion in cash as of last December, not ONE mention of profit sharing.
Apple CEO Cook Says Company Doesn?t Want to Hoard Cash - Bloomberg Business
06-30-2015 | 11:19 AM
#55
Gets Weekends Off
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Sometimes companies do hoard cash. Apple currently has $200 billion dollars in cash lying around--you read that number correctly. Their employees get little to none of it in the form of profit sharing.
Read the following. With $178 billion in cash as of last December, not ONE mention of profit sharing.
Apple CEO Cook Says Company Doesn?t Want to Hoard Cash - Bloomberg Business
Read the following. With $178 billion in cash as of last December, not ONE mention of profit sharing.
Apple CEO Cook Says Company Doesn?t Want to Hoard Cash - Bloomberg Business
OK, continue with the analysis. You are only telling half the story.
Hint: Carl Ichan, and not the corporate raider version, the activist investor version.
06-30-2015 | 12:34 PM
#56
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
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From: 777B
Code shares and JVs are a fact of life in a global corporation. Get over it. SWA will never grow and never do anything near what we do with the clauses they have, and you know it. If that is your idea of Nirvana, then you got hired at the wrong place. I wouldn't trade places with their number 1 captain. ymmv.
T,
There's no turning the clock back on code shares and joint ventures, but we still have to protect and defend our scope.
It is the only thing that defines what a delta pilot is.
06-30-2015 | 12:39 PM
#57
The Brown Dot +1
Joined: Jun 2009
Posts: 7,775
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From: 777B
B-man.....say it aint so!.....dalpa will get the db back....just you wait and see!
Your point of career earnings is spot on.....as we exited BK I floated an idea to the R&I guys about the best way to structure a delta pilots retirement benefit....it involved getting to the maximum extent.. front loaded company contribution to self directed savings.
it was probably not a template that would retrofit....it would have to start with pilot 'zero'.....well, pilot zero is now onboard and we are still stuck with traditionalists thinking.
If this pilot 'group' wanted to be at the head of the class...the pwa would provide the company filling to the 415c ceiling from year one.
Your point of career earnings is spot on.....as we exited BK I floated an idea to the R&I guys about the best way to structure a delta pilots retirement benefit....it involved getting to the maximum extent.. front loaded company contribution to self directed savings.
it was probably not a template that would retrofit....it would have to start with pilot 'zero'.....well, pilot zero is now onboard and we are still stuck with traditionalists thinking.
If this pilot 'group' wanted to be at the head of the class...the pwa would provide the company filling to the 415c ceiling from year one.
Spot on! I don't think Bender disagrees. If this happened, you'd have some mighty happy campers flying Delta jets.
06-30-2015 | 12:49 PM
#58
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Your 3rd sentance just reminded me that no McFly ever amounted to anything in the history of Hill Valley.
T,
There's no turning the clock back on code shares and joint ventures, but we still have to protect and defend our scope.
It is the only thing that defines what a delta pilot is.
T,
There's no turning the clock back on code shares and joint ventures, but we still have to protect and defend our scope.
It is the only thing that defines what a delta pilot is.
07-01-2015 | 02:46 AM
#59
La Familia Delta
Joined: Oct 2006
Posts: 2,467
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From: B-717 FO / C-17 AC
Stock buyback is to boost the share price and make it an attractive investment. You could even see another dividend increase as well to help reduce some cash flow. Our PS is calculated above this line and its a great thing we calculate it using PTIX instead of profit, so they cant use the stock buyback against us.
On a different note:
Our scope is our livelihood. Without it we would be a holdings company full of multiple alter egos and jv partners. Delta pilots would only get flying if none of the other holdings could do it cheaper. No more racing to the bottom especially when times are the best they've ever been.
On a different note:
Our scope is our livelihood. Without it we would be a holdings company full of multiple alter egos and jv partners. Delta pilots would only get flying if none of the other holdings could do it cheaper. No more racing to the bottom especially when times are the best they've ever been.
07-01-2015 | 03:11 AM
#60
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Joined: Feb 2008
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mmmmmmmmaybe. Actually I agree with the logic that block hours are better in a downturn, but.... you have to ass/u/me that AK/KLM will downsize (which amazingly enough, they did not do at all in the last downturn which caused the company to be out of compliance). The elephant in the room is that we now have X% of all that flying, are instantly brought into compliance, and then allow a further reduction of block hours. Hmmmmmm I wonder what will happen?
The question I have to keep asking myself is what is going to happen during the term of this agreement. Do you see a downturn? Do you see AAL or UAL suddenly overtaking DAL in terms of profitability and operations? They are both good airlines, but I think we are way ahead in terms of the merger synergies. And with what just happened to USAPA, how will that affect things? It surely won't be resolved in enough time to make a difference during the term of this agreement.
The question I have to keep asking myself is what is going to happen during the term of this agreement. Do you see a downturn? Do you see AAL or UAL suddenly overtaking DAL in terms of profitability and operations? They are both good airlines, but I think we are way ahead in terms of the merger synergies. And with what just happened to USAPA, how will that affect things? It surely won't be resolved in enough time to make a difference during the term of this agreement.
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