DALPA on notice

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10-15-2011 | 08:32 AM

#61

Carl Spackler

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From: 747-400 Captain

Quote:

Originally Posted by finis72

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.

That has nothing to do with the question here finis. Management and DALPA have been crying poor mouth about how tough the revenue environment is and how thin their margins are. Many of us have been saying that management CHOOSES where they attempt revenue gains. Bag fees are just one example that didn't even exist a few years ago.

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

10-15-2011 | 08:34 AM

#62

Pineapple Guy

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Quote:

Originally Posted by Carl Spackler

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

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...

10-15-2011 | 08:38 AM

#63

Pineapple Guy

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Quote:

Originally Posted by Carl Spackler

... a recipe for Delta pilots to continue to operate under what is close to the worst overall contract in our industry.

Carl

Carl, QUICK! Put your oxygen mask back on! You're showing signs of hypoxia!

10-15-2011 | 08:48 AM

#64

Justdoinmyjob

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Quote:

Originally Posted by Carl Spackler

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

Quote:

Originally Posted by Pineapple Guy

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?

Quote:

Originally Posted by Carl Spackler

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

Quote:

Originally Posted by Pineapple Guy

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...

Why should PG answer his own question? You wanted to discuss the accounting process. You asked a question. He answered it. He asked a question. You avoided it by deflecting, (kinda an ALPA move, Maverick.) Please tell me we shouldn't expect these tactics from the DPA supporters...otherwise, "Meet the new boss, same as the old boss."

10-15-2011 | 08:53 AM

#65

76drvr

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Quote:

Originally Posted by Carl Spackler

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

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!

10-15-2011 | 09:49 AM

#66

slowplay

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Quote:

Originally Posted by Bill Lumberg

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....

10-15-2011 | 11:40 AM

#67

Karnak

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Quote:

Originally Posted by Carl Spackler

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?

Independent...because an organization can't be trusted? Is that right?

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?

10-15-2011 | 12:44 PM

#68

Carl Spackler

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From: 747-400 Captain

Quote:

Originally Posted by Pineapple Guy

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...

OK fine, but the only thing I learned in Kindergarten was that my teacher had very large boobs. And for some reason, I couldn't take my eyes off of them.

Here was your question again:

Quote:

Originally Posted by Pineapple Guy

And here's my first question:

When a corporation pays down debt, what effect does that have on their net income?

Answer: It depends upon what GAAP rules the company's accountants use to account for the paying down of debt.

Let me know when it's my turn again.

Carl

10-15-2011 | 12:50 PM

#69

Carl Spackler

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From: 747-400 Captain

Quote:

Originally Posted by Carl Spackler

...but it's a recipe for Delta pilots to continue to operate under what is close to the worst overall contract in our industry.

Quote:

Originally Posted by Pineapple Guy

Carl, QUICK! Put your oxygen mask back on! You're showing signs of hypoxia!

Really? You think our 70 hour reserve guarantee is NOT near the worst in the industry? You think our pathetic Scope language is the NOT the VERY worst in the industry? You think the fact that somebody like me at the top of the heap at Delta only makes about 25K per year more than an SWA First Officer is not nearly the worst pay? You think that a domestic 3 day trip worth 11 hours isn't an example of nearly the worst trip/duty rig in the industry?

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

10-15-2011 | 12:53 PM

#70

Carl Spackler

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From: 747-400 Captain

Quote:

Originally Posted by 76drvr

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!

Indeed! But shouldn't our MEC extend the date of the deadline until they publish the contract comparisons of our JV partners?

Carl