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Originally Posted by finis72
(Post 1070005)
Did anybody on this forum take accounting 101 ? The bottom line is net profits and I believe this year it will be around 900 mil. Without baggage fees it would be a loss.
It doesn't matter that DAL might be break even without baggage fees. It only matters that DAL chooses to NOT explore other revenue possibilities for the express purpose of paying their pilot investors who saved the company from liquidation. Your constant apology for management might serve your own personal desire, but it's a recipe for Delta pilots to continue to operate under what is close to the worst overall contract in our industry. Carl |
Originally Posted by Carl Spackler
(Post 1069991)
Cool!
I have more questions, but I'll suspend mine because now you're asking questions. Please answer your own question here, then I'll get back to mine. Carl |
Originally Posted by Carl Spackler
(Post 1070035)
... a recipe for Delta pilots to continue to operate under what is close to the worst overall contract in our industry.
Carl |
Originally Posted by Carl Spackler
(Post 1069946)
OK Pineapple Guy, let's discuss the accounting process in a way that even people without accounting 101 can understand. Let's take it step by step. Here's my first question:
When a corporation like Delta decides to PAY DOWN debt - what funds do they use to do this? Carl
Originally Posted by Pineapple Guy
(Post 1069950)
Oh, this should be fun. Let's take turns.
Answer: Cash And here's my first question: When a corporation pays down debt, what effect does that have on their net income?
Originally Posted by Carl Spackler
(Post 1069991)
Cool!
I have more questions, but I'll suspend mine because now you're asking questions. Please answer your own question here, then I'll get back to mine. Carl
Originally Posted by Pineapple Guy
(Post 1070036)
Sorry, Carl. You asked a question - I answered it (apparently correctly). Now its my turn to ask and YOUR turn to answer. Remember what we learned in kindergarten??? We take turns...:)
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Originally Posted by Carl Spackler
(Post 1069967)
What if DALPA opens with the ENTIRE SWAPA contract plus 5% and states they will accept nothing less? The NMB couldn't possibly bench us for demanding what our competitor has from our also very profitable company. Wouldn't that be a victory sailingfun?
Carl With a large pilot group like ours it's important for the MEC to get input from the pilots before announcing any position on what our goals are. Fill out the surveys! |
Originally Posted by Bill Lumberg
(Post 1070001)
That's called leverage Carl, something DALPA/ALPA has failed to use to better our lives just recently in fact. We knew the company wanted to get SOC done as quick as possible, mostly for Wall Street. We could have and should have asked for more, but instead we were promised MORE for LATER, after the $2 billion in synergies were realized. Instead, we got a substandard joint contract and now Delta will make $2 billion in baggage fees for this year and last. I think the accountant Pineapple Guy could even agree with that.
You got about 22% all in plus over 5% of the company stock due to the JCBA. Plus we've been paid over $100 million in profit sharing (with a smaller amount projected for February) and didn't furlough a pilot like everyone else. You assert we could have had more...I'm sure you've got concrete examples to support your point of view, right? How much did SWAPA get for their merger (already closed business transaction)? How much did UAL/CAL get for their merger? How about AMR/TWA? And we didn't use the leverage? Right....:rolleyes: |
Originally Posted by Carl Spackler
(Post 1069990)
One way would be a survey. A survey done by a truly independent 3rd party vendor whose results you share IMMEDIATELY after the results are tabulated. Which choice will ALPA use to gauge our opinion Karnak?
ALPA can't be trusted. DPA can't be trusted. No organization can be trusted. Your honesty is illuminating. Now can you name the OTHER way an organization can tell? |
Originally Posted by Pineapple Guy
(Post 1070036)
Sorry, Carl. You asked a question - I answered it (apparently correctly). Now its my turn to ask and YOUR turn to answer. Remember what we learned in kindergarten??? We take turns...:)
Here was your question again:
Originally Posted by Pineapple Guy
(Post 1069950)
And here's my first question:
When a corporation pays down debt, what effect does that have on their net income? Let me know when it's my turn again. Carl |
Originally Posted by Carl Spackler
(Post 1070035)
...but it's a recipe for Delta pilots to continue to operate under what is close to the worst overall contract in our industry.
Originally Posted by Pineapple Guy
(Post 1070038)
Carl, QUICK! Put your oxygen mask back on! You're showing signs of hypoxia!
Really man, if you think I'm hypoxic, what do they call someone who still has his new hire Kool-Aid flowing in his veins? Carl |
Originally Posted by 76drvr
(Post 1070047)
Not according to some.
With a large pilot group like ours it's important for the MEC to get input from the pilots before announcing any position on what our goals are. Fill out the surveys! Carl |
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