Just when you thought it was over, NWA tries to put it NWA/DAL together again.
#21
Line Holder
Joined APC: Jul 2006
Position: CL604
Posts: 90
Guys, I think you are losing sight of the big picture. Yes, if the BOD's want the merger to continue, IT WILL happen. But just because the companies merge, it doesn't mean that the pilots need to rush and accept whatever is thrown their way. The BOD's are getting nervous and trying to play hardball to see who will blink first. They just want their bonuses.
Not that you need to be told it, but: GUYS, STICK TO YOUR GUNS!! Don't let them stick it to you, fight the powers that be as long as you can.
Its time for pilots everywhere to make gains and reverse all these givebacks, even if oil goes to $200/barrel. Here's how: pass along your cost of doing business to your customers!! Everything else has gone up, why not ticket prices? Why should it come at the cost of your paycheck or your seniority?
Good luck everyone.
Not that you need to be told it, but: GUYS, STICK TO YOUR GUNS!! Don't let them stick it to you, fight the powers that be as long as you can.
Its time for pilots everywhere to make gains and reverse all these givebacks, even if oil goes to $200/barrel. Here's how: pass along your cost of doing business to your customers!! Everything else has gone up, why not ticket prices? Why should it come at the cost of your paycheck or your seniority?
Good luck everyone.
#22
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Since there are many forces that are desirous for this to happen the respective pilot groups should refocus their efforts and accept the fact that this may happen whether we want it to or not. Ergo, bashing each other is a waste of time whereas recognizing that this may happen and work toward an equitable agreement would be more productive.
#25
Gets Weekends Off
Joined APC: Feb 2008
Position: 330Fo
Posts: 215
Slowplay,
I have explained several posts ago why I changed my opinion on this merger and that well over three weeks ago. But please explain to me why you are so against this merger? So, here you go I have just given you an opportunity to vent how NWA has no social redeeming traits and how your future is going to be so great standing alone. Let's hear it.
I have explained several posts ago why I changed my opinion on this merger and that well over three weeks ago. But please explain to me why you are so against this merger? So, here you go I have just given you an opportunity to vent how NWA has no social redeeming traits and how your future is going to be so great standing alone. Let's hear it.
#26
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
It serves no purpose to vent. I hope NWA does well. I'd just like you to keep your NWA your NWA, at least for the time being. After both airlines have restructured (again) maybe we can get together with a more realistic perspective on what each party brings to the table.
Somehow I doubt that, though.
#27
Choice is an illusion created by those who have power for those who don't.
Unless you:
1. Have a seat on the BOD
2. Are CEO of DAL or NWA
3. Are a major shareholder of DAL or NWA
4. Are a major creditor of DAL or NWA
5. Are The President of the United States
6. Are The Attorney General or,
7. Someone who has the ear of any of the above
You have no choice in whether or not the merger goes through and no one is listening.
The previous smoke and mirrors show that we saw --"Hey, pilot's. Is it ok with you for us to merge?"-- was just an illusion.
They can ram this merger down out throats. It's their company, I know I don't own either one. (If I did, I'd be broke)
We are about to learn about cause and effect. They will cause the merger and it will effect us somehow.
If we had a legal basis to turn it down, or vote no or strike or something, then maybe. But we don't.
I would suggest to the Executives though that they not push us too far or else the summer of 2007 could return in 2008.
We'll see what happens...
Good luck to us all.
Unless you:
1. Have a seat on the BOD
2. Are CEO of DAL or NWA
3. Are a major shareholder of DAL or NWA
4. Are a major creditor of DAL or NWA
5. Are The President of the United States
6. Are The Attorney General or,
7. Someone who has the ear of any of the above
You have no choice in whether or not the merger goes through and no one is listening.
The previous smoke and mirrors show that we saw --"Hey, pilot's. Is it ok with you for us to merge?"-- was just an illusion.
They can ram this merger down out throats. It's their company, I know I don't own either one. (If I did, I'd be broke)
We are about to learn about cause and effect. They will cause the merger and it will effect us somehow.
If we had a legal basis to turn it down, or vote no or strike or something, then maybe. But we don't.
I would suggest to the Executives though that they not push us too far or else the summer of 2007 could return in 2008.
We'll see what happens...
Good luck to us all.
#28
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Unless you:
1. Have a seat on the BOD
2. Are CEO of DAL or NWA
3. Are a major shareholder of DAL or NWA
4. Are a major creditor of DAL or NWA
5. Are The President of the United States
6. Are The Attorney General or,
7. Someone who has the ear of any of the above
You have no choice in whether or not the merger goes through and no one is listening.
BTW, DALPA has a seat on the DAL board. While it currently doesn't vote, it has full access except for the compensation committee.
DAL employees own 14% of the company.
Hedge funds make up less than 15% of ownership
Over 50% of institutional ownership has a long term view (JPMorgan, Fidelity, Lord Abbett, etc)
ALPA was the second largest unsecured creditor in the DAL bankruptcy.
DALPA has a track record over the last 2 years with the management and creditors. We do have their ear (remember LCC?).
While this DAL/NWA deal may not be over, the cooperative phase in that potential transaction by the Delta MEC is probably over. The opportunity for up front returns has been squandered, disproportionately increasing the risk to Delta pilots versus the standalone plan. If the boards try to go through with the deal, they will do it with full knowledge of the increased risk DALPA has demonstrated it can bring to the economics of the deal. Should DALPA or NWALPA oppose the deal, the boards will have to decide if that risk is worth the effort to merge while going into a down cycle.
My bet is that unless external factors change, the DAL board will decide against it.
Last edited by slowplay; 03-30-2008 at 06:21 PM.
#29
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,868
[quote=newKnow;351336]Choice is an illusion created by those who have power for those who don't.
Unless you:
1. Have a seat on the BOD
2. Are CEO of DAL or NWA
3. Are a major shareholder of DAL or NWA
4. Are a major creditor of DAL or NWA
5. Are The President of the United States
6. Are The Attorney General or,
7. Someone who has the ear of any of the above
New,
Don't forget its an election year. A lot of Senators and Congressmen are stated to be against this deal-if labor is not on board I believe they will tap into this potential sorce of help. Labor may not have the power to stop a deal but they can sure throw a wrench in the works.
Another thing - it would appear to me that the stock price is so low that the big money hedge funds will be underwater even if a merger goes through. If they want to make $ on this deal they may be in for longer then they hoped. Off course the $ will immediately flow to management.
Last thing - oil is around $110/barrel now. What is the price of oil for a merged airline - correct around $110/barrel, my point is we are not merging with Exxon - it will take years to recoupe the one time consolodation costs which will run in the billions and come due immediately. Reservation systems, computers, lawyer costs, maintenance and flight manuals, moving headquarters, transferring personnel, painting aircraft, combining supply inventories, moving re-equipping gates, uniforms, and did I mention lawyer costs? All of these bills will be due immediately, oil will still cost a ton, and hopefully over the years pricing power will start to rise - if Virgin etc dont jump in to fill any void. Lets just hope the deal goes away for good.
Scoop
Unless you:
1. Have a seat on the BOD
2. Are CEO of DAL or NWA
3. Are a major shareholder of DAL or NWA
4. Are a major creditor of DAL or NWA
5. Are The President of the United States
6. Are The Attorney General or,
7. Someone who has the ear of any of the above
New,
Don't forget its an election year. A lot of Senators and Congressmen are stated to be against this deal-if labor is not on board I believe they will tap into this potential sorce of help. Labor may not have the power to stop a deal but they can sure throw a wrench in the works.
Another thing - it would appear to me that the stock price is so low that the big money hedge funds will be underwater even if a merger goes through. If they want to make $ on this deal they may be in for longer then they hoped. Off course the $ will immediately flow to management.
Last thing - oil is around $110/barrel now. What is the price of oil for a merged airline - correct around $110/barrel, my point is we are not merging with Exxon - it will take years to recoupe the one time consolodation costs which will run in the billions and come due immediately. Reservation systems, computers, lawyer costs, maintenance and flight manuals, moving headquarters, transferring personnel, painting aircraft, combining supply inventories, moving re-equipping gates, uniforms, and did I mention lawyer costs? All of these bills will be due immediately, oil will still cost a ton, and hopefully over the years pricing power will start to rise - if Virgin etc dont jump in to fill any void. Lets just hope the deal goes away for good.
Scoop
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