Getting "Nimble" (latest from ePravda)
 

We can only hope that the folks that run the fuel hedging program are part of the group getting "nimbled".



Delta to reduce some management, salaried positions to remain nimbleOctober 2, 2015



Over the last week, Delta has been communicating to leaders that the airline will be reducing some salaried and management positions to improve productivity and remain nimble.
The airline said, “Delta's strong performance and ability to run the best operation in the industry have given the company great momentum. Still, as with any company focused on long-term success, we must continue to look for ways to improve productivity and stay nimble particularly given that revenue has declined this year. Over the course of the next few months, Delta will reduce some salaried positions while continuing to hire flight attendants, pilots, reservations specialists and other frontline employees.”

Gee, I hope it isn't any of our esteemed contributors.......

Did the 14% raise include salried employees?

Now that right there is funny!:D

If they shicht-canned the entire fuel hedging department we would all have much bigger profit sharing checks!

How many Billions have they lost in the last year?

They managed to lose another $1.3 Billion in the first 2 quarters this year!

Hate to be on the receiving end of Delta getting "nimble". Looks like bean counters are starting to feed on themselves.

The weird part of all this is, the company is right now making more money than at any time in history!

So... Let's Fk with that!:rolleyes:

Didn't give a number. Maybe just downsizing a few based on attrition or eliminating some open positions to signal WS the mgmt team is not getting complacent.

Maybe it's some dALPA committee members who no longer have the influence to make the investment in them worth while.

I think they learn in business school to occasionally toss a few overboard; the remaining tend to row faster.

An empty cubicle in your cubey-hood can be a motivator.

Many successful corporations do this all the time, bottom 5/10 % of performers get the toss. My MBA sons both tell me this the way you rid your self of deadwood so to speak...:(

Maybe it's the bottom 14% to make the pay raise a break even😜

Maybe we should hire some "super smart" pilots to run fuel hedging.

I know it's popular to shoot the hedgers, but really, had anyone who claims they knew in 2013 that fuel would be $40 / barrel in 2015 should have shorted the market and made "Billions"

If Iran shows that they have a bomb, or any other major disruption to oil production, or demand goes back up and oil had spiked to $200/barrel, Delta would have looked like a genius having the hedges.

It's basically insurance. You can go without it and not have a loss and look really "smart" or you pay your premium and be pleasantly happy that you didn't have to use it, but if it's needed and not in place.... well you only get to make that mistake once.

Except the guy RA and EB hired was considered a radical in the hedging world. He ended up being fired/quitting after Delta was served a subpoena because he was trading commodities in his personal account ahead of big deals he was getting ready to make for Delta. It might have been wiser to hire a smart pilot.

Or have parity with your peer the largest airline in the world. No hedges. Market forces always force fuel surcharges when fuel spikes. I am still paying a fuel premium for my trash pick up. How the **** can they get away with that? Hire those fuel guys.

Seriously who wants fuel hedging?
I know I canceled my health and car insurance after the first couple of years, because I haven't ever gotten into any accidents.:rolleyes:

Insurance mitigates financial risk. Hedges gamble on price. One can argue they are an educated speculation but they are not insurance. When was the last time you paid more than the initial premium for insurance. If you pay to unwind your insurance that is a stupid move. If your competitor isn't making that same gamble, then what are you protecting against?