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Originally Posted by slowplay
(Post 1204325)
About $260 million, not including that portion paid in 2012.
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Originally Posted by acl65pilot
(Post 1204368)
Thank you for the honest answer. Does this include a credit for the DCI refleeting or is that backed out?
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Originally Posted by slowplay
(Post 1204371)
Nope. Straight cash.
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Not that I expect an answer but; How far below the direction is year one?(two, three.)
Significant or less than 100 million? |
Originally Posted by slowplay
(Post 1204324)
If that's how they did it, why are they (FDX, UPS, SWA) still below our C2K 2004 rates (by a long shot) even though they never went bankrupt and have been profitable companies that entire time?
Originally Posted by slowplay
(Post 1204355)
Pretty simple answer...economics and leverage....
However, we don't have C2K rates either and we have a liberal scope policy. We can't throw stones at them for not having C2K rates and I just wanted to point that out. So to me a C2K rate comparison is extraneous to this point- they have better scope now, they make more money now. |
Originally Posted by acl65pilot
(Post 1204374)
Did we get any credit for the changes we made to DCI scope?
We're taking credit for reducing DCI by 150 aircraft. We're taking credit for having a requirement for JV and profit/loss sharing production balances. We're taking credit for a block hour ratio that protects Delta pilot flying. We're taking credit for shifting more flying to mainline. There was no trade of scope for pay. |
Originally Posted by forgot to bid
(Post 1204376)
When I made the jab that maybe SWA/FDX/UPS make more than us because they have better scope clauses you said why didn't their scope clauses give them our C2K rates? So C2K rates became a benchmark of success.
However, we don't have C2K rates either and we have a liberal scope policy. We can't throw stones at them for not having C2K rates and I just wanted to point that out. So to me a C2K rate comparison is extraneous to this point- they have better scope now, they make more money now. |
Originally Posted by slowplay
(Post 1204355)
For the 5 years leading up to C2K Delta had a pre-tax income of $7.4 Billion dollars. Our margin peaked in 1998 at 12%, and averaged well north of 10% for that time. For the 5 years leading up to C2012 Delta had a pre-tax income of $1.1 billion. Our pre-tax margin averaged 3.7% for that time. Oh, and those numbers for C2K are for a Delta standalone operation. Adding in NWA takes the total profit to well over $10 billion.
Not saying that'd change the PTI, just more of a curiosity of what pilots were having to compete with internally. |
Slow asked you this:
Originally Posted by slowplay
(Post 1204324)
If that's how they did it, why are they (FDX, UPS, SWA) still below our C2K 2004 rates (by a long shot) even though they never went bankrupt and have been profitable companies that entire time?
Originally Posted by forgot to bid
(Post 1204346)
Why are we below our C2K rates?
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Originally Posted by forgot to bid
(Post 1204383)
What was the Delta Connection fleet on property back when he had PTI of $7.4B/$10B?
Not saying that'd change the PTI, just more of a curiosity of what pilots were having to compete with internally. |
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