DAL/NWA early out?
05-09-2009 | 06:13 AM
#11
Gets Weekends Off
Joined: Aug 2006
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From: 320b
Don't know what would be decent, but here's what would work:
1. Retiree travel benefits
2. Former NWA pilots do not take the 3% per year penalty for their retirements.
Most of my over 55 buds at NWA tell me they would jump in a nanosecond if they weren't taking such a big pension hit for leaving early.
Carl
1. Retiree travel benefits
2. Former NWA pilots do not take the 3% per year penalty for their retirements.
Most of my over 55 buds at NWA tell me they would jump in a nanosecond if they weren't taking such a big pension hit for leaving early.
Carl
05-09-2009 | 06:22 AM
#12
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Joined: Jun 2008
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From: Retired, again...
Pg
PG,
I think the actuaries data says the pilot who retires at 55 will live to an older age than the pilot who retires at 60.....much less 65.
According to my former employer's data, I have about 2 months left to live.....glad I got a little bit of that A-plan while I'm still kickin'
I think the actuaries data says the pilot who retires at 55 will live to an older age than the pilot who retires at 60.....much less 65.
According to my former employer's data, I have about 2 months left to live.....glad I got a little bit of that A-plan while I'm still kickin'
05-09-2009 | 02:16 PM
#13
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Joined: Mar 2006
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It appears the elder NWA guys may have hit the lotto. Get taken over by a co, take relatively no seniority hit, get a pay raise, keep their retirement, come into a better "current" retirement system, and looked like they would/could work until 65. Now they may (we do not know the terms) get a decent check to leave early. Which as someone pointed out was already happening in small numbers. I can hear the mad scramble now to the HR dept with guys trying to pull their retirement letters. We will see no more retirements until this thing is decided. Guys that left before this are kicking themselves. The up-front money incentive I'm sure will more than make up for any retirement hit taken over the last few years. 
05-09-2009 | 05:17 PM
#14
Back on TDY
Joined: Apr 2008
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From: 747-400 Captain
If you've got another plan that will remove 500 former DAL guys from the list...I'm listening.
Carl
05-09-2009 | 05:33 PM
#15
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Delta Air Lines and Northwest Airlines both hit the lotto by merging. Just a quick reminder that NWA brought more cash than DAL, more quarterly earnings than DAL, and a higher market cap than DAL. Don't get me wrong DAL was a great airline...so was NWA. The new DAL will be better than both.
If you've got another plan that will remove 500 former DAL guys from the list...I'm listening.
Carl
If you've got another plan that will remove 500 former DAL guys from the list...I'm listening.
Carl
05-09-2009 | 05:37 PM
#16
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I've been putting arsenic into the food of everyone who is senior to me since I started at the company, don't think I've got to 500 though.
Seriously though, early retirements followed by an economic recovery could make for some good news in a couple years. No?
Seriously though, early retirements followed by an economic recovery could make for some good news in a couple years. No?
05-09-2009 | 06:14 PM
#17
veut gagner à la loterie
Joined: Apr 2008
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From: Light Chop
Delta Air Lines and Northwest Airlines both hit the lotto by merging. Just a quick reminder that NWA brought more cash than DAL, more quarterly earnings than DAL, and a higher market cap than DAL. Don't get me wrong DAL was a great airline...so was NWA. The new DAL will be better than both.
If you've got another plan that will remove 500 former DAL guys from the list...I'm listening.
Carl
If you've got another plan that will remove 500 former DAL guys from the list...I'm listening.
Carl
05-09-2009 | 08:03 PM
#18
Thread Starter
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05-09-2009 | 09:01 PM
#19
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From: Top
I think the math will look something like this:
If it costs x to train 500 downgrading pilots in the wake of a furlough, Delta will offer a package equalling x-y to the 500 pilots it hopes to take an early retirement. Y = savings the company + cost to upgrade pilots to take empty captain's seats.
If it costs x to train 500 downgrading pilots in the wake of a furlough, Delta will offer a package equalling x-y to the 500 pilots it hopes to take an early retirement. Y = savings the company + cost to upgrade pilots to take empty captain's seats.
05-09-2009 | 09:55 PM
#20
Line Holder
Joined: Nov 2006
Posts: 77
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From: 320A
Yeah, it's kind of depressing to see the bare walls when I check in. A few dozen new retirement posters would certainly brighten my day!
A few years back I recall popping off the rudder-trim cap on a bunch of -9s and reading "Retire you Old Fart!" written on the underside. I would, of course, hand it to the Captain and say "I think this is for you!"
Who knows? Maybe an early retirement package will keep some of our junior pilots off the street. I hope so...
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