Any "Latest & Greatest" about Delta?
06-08-2012, 04:47 PM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
[B]Air Austral has reportedly cancelled its order for two ultra economy Airbus A380 super jumbo jets, according to a ch-aviation.ch report.
The Reunion-based carrier made headlines in 2009 when it struck the $700 million deal. Air Austral pledged to fill the planes with 840 economy class seats, which would have given them the highest capacity of any commercial aircraft ever built.
It seems, however, that Air Austral may have been a bit too optimistic about demand for seats between Paris and their resort island home when they made the big purchase. Relying heavily on French tourists to fill their planes, Air Austral is struggling to stay afloat as the European economy falters.
In addition to the A380 cancellation, the second of two new Boeing 777-200LR’s ordered by Air Austral is languishing in Seattle as the airline does not have enough cash to take delivery
It's unfortunate the European carriers (and this one based in Reunion Island (St Denis)) are having so much trouble due to their economy. But, there are extra planes out there that cannot be paid for. I don't think we should PAY to play, but there may be some opportunities out there. Who knows?
The Reunion-based carrier made headlines in 2009 when it struck the $700 million deal. Air Austral pledged to fill the planes with 840 economy class seats, which would have given them the highest capacity of any commercial aircraft ever built.
It seems, however, that Air Austral may have been a bit too optimistic about demand for seats between Paris and their resort island home when they made the big purchase. Relying heavily on French tourists to fill their planes, Air Austral is struggling to stay afloat as the European economy falters.
In addition to the A380 cancellation, the second of two new Boeing 777-200LR’s ordered by Air Austral is languishing in Seattle as the airline does not have enough cash to take delivery
It's unfortunate the European carriers (and this one based in Reunion Island (St Denis)) are having so much trouble due to their economy. But, there are extra planes out there that cannot be paid for. I don't think we should PAY to play, but there may be some opportunities out there. Who knows?
06-08-2012, 04:57 PM
Banned
Joined APC: Jan 2012
Position: DAL
Posts: 623
06-08-2012, 05:01 PM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
From the DALPA Website
"I was at the Atlanta North roadshow
$1,290,000,000 is a bit of a stretch
We are not getting $430M a year at day 1,*Its going to be drawn out over 3.5 years
2012 4% day 1, end of 2012 we are at $40M but we already gave up higher crew utilization(paid for)
2013 8.5% of which we trade 2% profit sharing nets 6.5% equals net $210M(assuming straightline profit)
2014 $210M plus 1% or $20M (since 2% profit sharing is substituted for hard $$$) = $230M
2015 $210M + $40M= $250M
Grand total approx $730M
We need $80M to $100M a year just to keep up with inflation or $350M over 3.5 years so we are giving up(selling) more 76 seat SNB jets to the commuter, better reserve utilization (ALV+15) higher crew utilization (current ALV cap +2) for $730M which is a paltry $380M over our cost of living. Leaves a sour taste in my mouth, we are making our increases by working harder and relaxing scope.
Cost neutral means we pay for the raises not someone else."
$1,290,000,000 is a bit of a stretch
We are not getting $430M a year at day 1,*Its going to be drawn out over 3.5 years
2012 4% day 1, end of 2012 we are at $40M but we already gave up higher crew utilization(paid for)
2013 8.5% of which we trade 2% profit sharing nets 6.5% equals net $210M(assuming straightline profit)
2014 $210M plus 1% or $20M (since 2% profit sharing is substituted for hard $$$) = $230M
2015 $210M + $40M= $250M
Grand total approx $730M
We need $80M to $100M a year just to keep up with inflation or $350M over 3.5 years so we are giving up(selling) more 76 seat SNB jets to the commuter, better reserve utilization (ALV+15) higher crew utilization (current ALV cap +2) for $730M which is a paltry $380M over our cost of living. Leaves a sour taste in my mouth, we are making our increases by working harder and relaxing scope.
Cost neutral means we pay for the raises not someone else."
06-08-2012, 05:27 PM
Gets Weekends Off
Joined APC: Feb 2008
Position: 777 Sim Instructor
Posts: 745
Elvis, I can see you are not a math major. If I were you I would delete the post, it's embarrassing.
06-08-2012, 05:31 PM
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
06-08-2012, 05:34 PM
Banned
Joined APC: Jul 2006
Position: Space Shuttle PIC
Posts: 2,007
"I was at the Atlanta North roadshow
$1,290,000,000 is a bit of a stretch
We are not getting $430M a year at day 1,*Its going to be drawn out over 3.5 years
2012 4% day 1, end of 2012 we are at $40M but we already gave up higher crew utilization(paid for)
2013 8.5% of which we trade 2% profit sharing nets 6.5% equals net $210M(assuming straightline profit)
2014 $210M plus 1% or $20M (since 2% profit sharing is substituted for hard $$$) = $230M
2015 $210M + $40M= $250M
Grand total approx $730M
We need $80M to $100M a year just to keep up with inflation or $350M over 3.5 years so we are giving up(selling) more 76 seat SNB jets to the commuter, better reserve utilization (ALV+15) higher crew utilization (current ALV cap +2) for $730M which is a paltry $380M over our cost of living. Leaves a sour taste in my mouth, we are making our increases by working harder and relaxing scope.
Cost neutral means we pay for the raises not someone else."
$1,290,000,000 is a bit of a stretch
We are not getting $430M a year at day 1,*Its going to be drawn out over 3.5 years
2012 4% day 1, end of 2012 we are at $40M but we already gave up higher crew utilization(paid for)
2013 8.5% of which we trade 2% profit sharing nets 6.5% equals net $210M(assuming straightline profit)
2014 $210M plus 1% or $20M (since 2% profit sharing is substituted for hard $$$) = $230M
2015 $210M + $40M= $250M
Grand total approx $730M
We need $80M to $100M a year just to keep up with inflation or $350M over 3.5 years so we are giving up(selling) more 76 seat SNB jets to the commuter, better reserve utilization (ALV+15) higher crew utilization (current ALV cap +2) for $730M which is a paltry $380M over our cost of living. Leaves a sour taste in my mouth, we are making our increases by working harder and relaxing scope.
Cost neutral means we pay for the raises not someone else."
06-08-2012, 05:36 PM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
2013 - $210M
2014 - $230M
2015 - $250M
Total - $730M
Please tell me where the math is wrong? And you're right, I wasn't a math major; I was an Aeronautical Engineering Major. That was my Bachelor's; my Master's is in Mechanical Engineering. I thought about Air Force Test Pilot School, but elected to fly the B-1 bomber instead.
What was your Master's Degree in?
06-08-2012, 05:37 PM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
06-08-2012, 05:52 PM
Gets Weekends Off
Joined APC: Feb 2008
Position: 777 Sim Instructor
Posts: 745
The 4% initial raise is every year for 31/2 years, the 6.5% is every year for 3 years etc. The 2% profit sharing reduction is every year but not compounded and that's only if DL makes 2 bil from 2013 to 2015, if they make less then our reduction will be less than 2%.
I have an accounting degree and so I had to jump on what appears to me to be not factual cost analysis. Sorry about the math comment, I did what I complain about and that's attacking the poster.
I have an accounting degree and so I had to jump on what appears to me to be not factual cost analysis. Sorry about the math comment, I did what I complain about and that's attacking the poster.
06-08-2012, 05:55 PM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
The 4% initial raise is every year for 31/2 years, the 6.5% is every year for 3 years etc. The 2% profit sharing reduction is every year but not compounded and that's only if DL makes 2 bil from 2013 to 2015, if they make less then our reduction will be less than 2%.
I have an accounting degree and so I had to jump on what appears to me to be not factual cost analysis. Sorry about the math comment, I did what I complain about and that's attacking the poster.
I have an accounting degree and so I had to jump on what appears to me to be not factual cost analysis. Sorry about the math comment, I did what I complain about and that's attacking the poster.
Thread
Thread Starter
Forum
Replies
Last Post
