Delta Stock Price and our Profit Sharing
10-28-2015, 01:21 PM
#11
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Joined APC: Feb 2008
Posts: 19,283
Originally Posted by Tailhookah
Good point ATL7ER... as of now or the failed TA when they wanted to trade PS for pay. Same thing just happened. Did they forget all we gave in '04. Our pension gone? It's only when PS got huge does it become a big deal. I say NO. We earned it and now you want to take it? It'll cost you. Fix the pay rates... then let's talk about a PS trade. But not before that...
tail
tail
10-28-2015, 02:23 PM
#12
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by sailingfun
The almost 18% increase in non pilot pay raises will have a far greater impact on the profit sharing. I posted what the dollar impact would be looking at past years. With the stock at the current price the impact would only be about 10 million total on 50 million in increased costs. The raises granted will result in about 800 million in increased costs or 160 million less in the PS pool.
Riiiiight.
And, I have to ask, so what's your point?
If mgmt was waiting for us to agree to NA15 before giving raises to the non contract employees, and they gave them raises anyway, wouldn't that have also affected our profit sharing?
The only difference I see is that we would have gotten PS on 8% more pay rate but, at a diluted (by the new formula) value.
So, I see no point or purpose in your argument.
10-28-2015, 02:57 PM
#13
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Joined APC: Feb 2008
Posts: 19,283
Originally Posted by scambo1
So, executive equity compensation I guess is no big deal.
Riiiiight.
And, I have to ask, so what's your point?
If mgmt was waiting for us to agree to NA15 before giving raises to the non contract employees, and they gave them raises anyway, wouldn't that have also affected our profit sharing?
The only difference I see is that we would have gotten PS on 8% more pay rate but, at a diluted (by the new formula) value.
So, I see no point or purpose in your argument.
Riiiiight.
And, I have to ask, so what's your point?
If mgmt was waiting for us to agree to NA15 before giving raises to the non contract employees, and they gave them raises anyway, wouldn't that have also affected our profit sharing?
The only difference I see is that we would have gotten PS on 8% more pay rate but, at a diluted (by the new formula) value.
So, I see no point or purpose in your argument.
The main point is however that the FUD being posted about management stock based compensation is way overblown. They have already compensated themselves quite well. The odds that they will increase that compensation to a point where it has a significant impact on the PS is virtually non existent. As I pointed out in another thread if management did that it would be the lead article in every financial publication for a week and there would be a shareholder revolt.
If someone is truly worried about a decrease in PS then watch fuel prices. Their impact will dwarf everything else.
10-28-2015, 05:17 PM
#15
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Joined APC: Sep 2015
Position: I got into this business so I wouldn't have to work.
Posts: 1,034
Originally Posted by sailingfun
The almost 18% increase in non pilot pay raises will have a far greater impact on the profit sharing. I posted what the dollar impact would be looking at past years. With the stock at the current price the impact would only be about 10 million total on 50 million in increased costs. The raises granted will result in about 800 million in increased costs or 160 million less in the PS pool.
Did I miss anything?
10-28-2015, 05:35 PM
#16
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,051
Originally Posted by sailingfun
The almost 18% increase in non pilot pay raises will have a far greater impact on the profit sharing. I posted what the dollar impact would be looking at past years. With the stock at the current price the impact would only be about 10 million total on 50 million in increased costs. The raises granted will result in about 800 million in increased costs or 160 million less in the PS pool.
10-28-2015, 07:24 PM
#17
Line Holder
Thread Starter
Joined APC: Oct 2010
Posts: 66
The Stock compensation of the past may not look like what the company plans on doing in the future and how many employees it will include. Could be a substantial more than you think.
Also I say again the big money grab is in the change of stock value in the equities with the proposed change in pretix definition. If I had the exact wording of what the definition is under our current contract and what was proposed I could probably monetize it for this year. I don't think you would like how much less "profit" there would be to split up.
Also I say again the big money grab is in the change of stock value in the equities with the proposed change in pretix definition. If I had the exact wording of what the definition is under our current contract and what was proposed I could probably monetize it for this year. I don't think you would like how much less "profit" there would be to split up.
10-28-2015, 07:40 PM
#18
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,051
Originally Posted by yodafly
The Stock compensation of the past may not look like what the company plans on doing in the future and how many employees it will include. Could be a substantial more than you think.
Also I say again the big money grab is in the change of stock value in the equities with the proposed change in pretix definition. If I had the exact wording of what the definition is under our current contract and what was proposed I could probably monetize it for this year. I don't think you would like how much less "profit" there would be to split up.
Also I say again the big money grab is in the change of stock value in the equities with the proposed change in pretix definition. If I had the exact wording of what the definition is under our current contract and what was proposed I could probably monetize it for this year. I don't think you would like how much less "profit" there would be to split up.
Also with JVs coming with our equity partners we will profit twice. The first will be profits from sales and the second will be dividend and stock appreciation from the ownership of those companies. GOL is trading at less than $1 a share with a market cap of about $250 million. We already own 10% of GOL. We could raise our ownership to 50% for $100 million. When the Brazilian economy turns around that could be huge, they are the largest operator in Brazil.
http://finance.yahoo.com/q?s=gol
10-28-2015, 09:12 PM
#19
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,873
Originally Posted by Vincent Chase
Let me translate for you rocket surgeons: the 18% pay increase to non-pilots will eat away at our profit sharing, thereby making it worthless to pilots, so why not trade it away for a pay increase?
Did I miss anything?
Did I miss anything?
I guess something must have gotten lost in translation because I don't follow your argument. Are you suggesting our benevolent management gave the non-contract such a huge raise that it will virtually consume all of DALs profits.
Can you please show us a little math on this one. You don't have to be specific, but I am curious as to how you think the effect of this raise will be make our PS on approximately $6 billion "worthless to pilots."
Thanks Scoop
10-29-2015, 03:33 AM
#20
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Joined APC: Feb 2008
Posts: 19,283
Originally Posted by notEnuf
Just one more reason not to water down the PTIX formula. With the non-contract employees profit sharing capped we are the only employees eligible for the remaining portion of the profit sharing.
