I disagree that the TA produces no changes to PS. See Section 4.I.

Why did the company amend the Delta Pilots Annual Profit Sharing Plan on 1/1/2016? During Section 6 but outside of Section 6 negotiations? Or, was it part of the negotiations and the NC is withholding that information?

The amended language includes the non-contracts' pay in the formula for determining the pilots' profit sharing. However, the non-contracts get only 10% of PTIX up to the previous year's PTIX; they don't get 20% of PTIX until the current year exceeds the previous year's PTIX. The non-contracts 20% portion in 2016 won't kick in until about $5.9B PTIX (or whatever 2015 PTIX was). Therefore, the pilots should be the sole owners of the 10-20% PTIX pool from $2.5-5.9B. That's $340 million the pilots should be splitting 13,000 ways...not 80,000 ways.

So Derry has listed over a BILLION dollars of PTIX the company wants to remove from PS.

I'm concluding that every year going forward will see our PS stripped by about 40% if we allow this TA to go through.

 

I believe you mean section 3.I

 

Pretty sure companies that don't make profit aren't investment grade.

 

The company will make a profit. It will just offset it with writedowns and one-time losses. I agree. We are setting a bad precedent by dropping the currency grievance. I also think the unfiled grievance about other employees might have had merit. Otherwise, why is the language changing?

 

I saw no change in the language other then removing the non contract employees.

 

Management's number one priority is to move Delta out of being classified as a volatile transportation company and into an investment grade company. That requires consistent profitability on a large scale. Their own net worth depends on it.

 

Nice sarcasm. Nothing to see here....


Are you OK with Delta classifying what historically were one time losses as regular charges? This is being done intentionally to reduce our PS. This goes directly against the intent of the one-time charge item in our PWA and you just want to give them a pass?

Shouldn't we address how these charges are handled going forward?

 

What you're ignoring is how they classify one time charges. Historically Delta and every other airline handled certain charges as one time charges. Our PWA discounted these one time charges to determine PTIX. Now Delta (the only airline) changed they way they classify these to lower our Profit Sharing. This goes directly against the intent of the PWA. You OK with that?

 

100% agree. Unfortunately PH is the chairman of Contract Admin and has ZERO desire to stand up for the pilots at Delta.

 

How many attorneys got more than $45,000,000.00 for their clients last year?

Not bad for a line guy volunteering as an administrator to serve the pilots and enforce the contract he also works under. In fact, I'm going to have to disagree with your characterization.

Is there any contract administrator who recovered more for their pilots, last year, or any year?

Why is it considered socially acceptable to make allegations that so unfairly represent a volunteer's work product? Why is it acceptable to make up statements about their personal motivations? Did he ever say such a thing? His actions certainly suggest otherwise.

Good administrators stay out of the politics. Perhaps that puts him at odds with where you want to go. Perhaps you just want your friend in the position. You could advocate for the path you want better by stating the improvement you seek rather than making a rather baseless personal attack.