NWA and DAL back on track
#3
On Reserve
Joined APC: Aug 2006
Position: 747-400 F/O
Posts: 20
#5
Gets Weekends Off
Joined APC: Jan 2007
Position: 7ERA
Posts: 1,216
You got it right. I can tell already there is not much difference between Anderson and previous Delta management.
The problem with the airline industry is not oil prices. The problem is for some reason this industry attracks business men who are long on ideas but short on execution.
#6
Gets Weekends Off
Joined APC: Jan 2006
Posts: 1,542
Are the pilots unions still stalling the merger talks? Delta and Northwest has the ability to merge without pilot union consent, and without giving 30% raises to the pilot group. Hopefully the Delta and Northwest pilots will agree before management decides to take these benefits off the table and go ahead with the merger anyway.
With the bad state of the airline industry, the skyrocketing price of fuel, and the lack of pricing power preventing major airlines from raising fares, a Delta/Northwest merger (and then the UAL/CAL merger to follow) will do a great deal to fix some problems within the industry. Hopefully the Delta/Northwest pilots come to an agreement before management decides it is more beneficial to merge the airlines even without pilot consent.
With the bad state of the airline industry, the skyrocketing price of fuel, and the lack of pricing power preventing major airlines from raising fares, a Delta/Northwest merger (and then the UAL/CAL merger to follow) will do a great deal to fix some problems within the industry. Hopefully the Delta/Northwest pilots come to an agreement before management decides it is more beneficial to merge the airlines even without pilot consent.
#8
Are the pilots unions still stalling the merger talks? Delta and Northwest has the ability to merge without pilot union consent, and without giving 30% raises to the pilot group. Hopefully the Delta and Northwest pilots will agree before management decides to take these benefits off the table and go ahead with the merger anyway.
With the bad state of the airline industry, the skyrocketing price of fuel, and the lack of pricing power preventing major airlines from raising fares, a Delta/Northwest merger (and then the UAL/CAL merger to follow) will do a great deal to fix some problems within the industry. Hopefully the Delta/Northwest pilots come to an agreement before management decides it is more beneficial to merge the airlines even without pilot consent.
With the bad state of the airline industry, the skyrocketing price of fuel, and the lack of pricing power preventing major airlines from raising fares, a Delta/Northwest merger (and then the UAL/CAL merger to follow) will do a great deal to fix some problems within the industry. Hopefully the Delta/Northwest pilots come to an agreement before management decides it is more beneficial to merge the airlines even without pilot consent.
On a different note, I read a press release where Steenland would get an $8 million bonus if NWA merges before the end of June. Need to see if I can find that article again.
#9
MINNEAPOLIS — Northwest Airlines CEO Doug Steenland will have about eight million reasons to bail out of the struggling carrier this June.
His contract _ signed the day Northwest entered bankruptcy more than two years ago _ gives him an unusual one-month window to leave voluntarily and collect a special payment of at least $7.8 million. Steenland could get the same windfall if he leaves after a merger, but it's far from certain the carrier's talks with Delta Air Lines Inc. will lead to one.
Compensation experts said such lucrative escape clauses are an incentive to keep the CEO from leaving during the rough times. Others said CEOs whose companies go into bankruptcy shouldn't get that kind of reward.
Don't think the payout has anything to do with the merger. It was an "insurance policy" for him in case his stock options were underwater, as they are right now. Nice deal, if you can get it.
His contract _ signed the day Northwest entered bankruptcy more than two years ago _ gives him an unusual one-month window to leave voluntarily and collect a special payment of at least $7.8 million. Steenland could get the same windfall if he leaves after a merger, but it's far from certain the carrier's talks with Delta Air Lines Inc. will lead to one.
Compensation experts said such lucrative escape clauses are an incentive to keep the CEO from leaving during the rough times. Others said CEOs whose companies go into bankruptcy shouldn't get that kind of reward.
Don't think the payout has anything to do with the merger. It was an "insurance policy" for him in case his stock options were underwater, as they are right now. Nice deal, if you can get it.
#10
Gets Weekends Off
Joined APC: Aug 2007
Position: non acceptus excretus
Posts: 561
Are the pilots unions still stalling the merger talks? Delta and Northwest has the ability to merge without pilot union consent, and without giving 30% raises to the pilot group. Hopefully the Delta and Northwest pilots will agree before management decides to take these benefits off the table and go ahead with the merger anyway.
With the bad state of the airline industry, the skyrocketing price of fuel, and the lack of pricing power preventing major airlines from raising fares, a Delta/Northwest merger (and then the UAL/CAL merger to follow) will do a great deal to fix some problems within the industry. Hopefully the Delta/Northwest pilots come to an agreement before management decides it is more beneficial to merge the airlines even without pilot consent.
With the bad state of the airline industry, the skyrocketing price of fuel, and the lack of pricing power preventing major airlines from raising fares, a Delta/Northwest merger (and then the UAL/CAL merger to follow) will do a great deal to fix some problems within the industry. Hopefully the Delta/Northwest pilots come to an agreement before management decides it is more beneficial to merge the airlines even without pilot consent.
Thread
Thread Starter
Forum
Replies
Last Post