Prior to the first Delta stock buy back the ALPA president and DALPA MEC chairman should have demanded full restoration of the Delta pilots bankruptcy concessions.



If management had so much cash they could not reinvest it in the company, they should have paid the Delta pilots first as we contributed Billions in life altering concessions.



Our executives buy back stock for one reason, IMO, and that is to make themselves even richer. This is a lead we cannot follow. All across American labor is saying "No More" to the shameless greed of executive management.



Take the time to call and write your reps and let them know anything less than full retro is a No vote.



Accepting one penny less than full retro is a reward to our executives for negotiating in bad faith.



We should be demanding full retro to the first stock buy back.



30 days to go. Our patience is running out.
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Jerry Fielding

 

Agree. The retro check will be a big one. DAL stock closed below $42, well below what they've been buying it at. Add in fuel hedges, they've burned a billion dollars and won't address pay rates at the negotiation table.

 

Did the pilots get .97 cents on the dollar for your bankruptcy claim? Also was PS introduced as an offset to the concessions?

If so how are you valuing those items as part of your restoration?

 

I don't know what pre-merger NW got for their claim but pre-merger DL got about $.60 on the dollar. PS was introduced to offset the concessions but, when you add in the loss of the pension, the many years without significant PS (We've only had that for a couple of years), and all the concessions in pay and QOL items given in BK, the pilots are so far behind it will make your head spin....

Denny

 

Ultimatums are stupid.

 

What do you think we got? What was the total percent pay cut? What does the PBGC pay a 60 year old after 30 years service? Approximate estimates are fine.

 

So are concessions, during record profits.

 

OK. No argument. So where does that leave us? There are going to be concessions on some level. They don't have to be big, but there will be some sort of concession. If you don't believe that, try this on: How much earning power are we conceding with every day that passes without a pay increase. And even if full retro is possible, how much investment potential have you lost. That is a concession.

 

Weren't huge concessions already given over 10 years ago?

What's the time value of time off?

 

Yes they were. And do you realistically think that those will all count and that we will be 'made whole' in the upcoming contract? Will we get each and every one of those items back and adjusted for the loss of the time/value of them? Bankruptcy sucked, no doubt. At some point in time, the company will pay us $500 for 777s. By that time though you will have lost a bunch of buying power, and a lot of investment potential. Is that not in and of itself a concession? And a self induced one at that? Sending an ultimatum is a disaster in negotiating.



Your rhetorical, your answer. I'd actually love to hear it.

And just an added thought: How do you define a concession? Take for example the idea of bringing back a cap. For those that want to work a lot, that is a concession. There are a million more. Just interested in the thoughts here.