Any "Latest & Greatest" about Delta?
10-24-2012, 07:03 PM
Runs with scissors
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My deepest desires and goals have been probed... er.... revealed.Dr Evil - Why make trillions when we can make... Billions - YouTube
10-24-2012, 07:12 PM
Gets Weekends Off
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10-24-2012, 07:13 PM
Line Holder
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10-24-2012, 07:17 PM
Gets Weekends Off
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10-24-2012, 07:21 PM
Works Every Weekend
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Just curious, how much does the profit sharing reduction for pilots save Delta?
Considering that profit sharing above $2.5 billion is unchanged, the max profit sharing pool is currently 15% of that $2.5 billion ($375 million). At 10% the total pool becomes $250 million. That's $125 million max total savings. Pilots are about 1/3 of the payroll and profit sharing pool. That means the max savings is $42 million if the company made $2.5 billion.
Considering that profit sharing above $2.5 billion is unchanged, the max profit sharing pool is currently 15% of that $2.5 billion ($375 million). At 10% the total pool becomes $250 million. That's $125 million max total savings. Pilots are about 1/3 of the payroll and profit sharing pool. That means the max savings is $42 million if the company made $2.5 billion.
Riddle me this: Why are we negotiating for the other employees?
Section 3.I. (Profit Sharing Plan)
Eligibility
Pilot and non-pilot employees of the Company generally, except for management employees covered by incentive compensation plans
Is there any other section of our contract where we include the rest of the company?
10-24-2012, 07:23 PM
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10-24-2012, 07:33 PM
veut gagner à la loterie
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Interesting that he made that comment considering the discussion we've had over the last couple days.
The reporter asked them directly "How are you going to afford that new pilot sontract?".
They start talking about the scope relief, increased productivity, etc. etc.
All the givebacks they got from the pilots.
Ed pipes in and says flat out we can afford it because we reduced the profit sharing.
The reporter asked them directly "How are you going to afford that new pilot sontract?".
They start talking about the scope relief, increased productivity, etc. etc.
All the givebacks they got from the pilots.
Ed pipes in and says flat out we can afford it because we reduced the profit sharing.
Operator
We’ll take our next question from Mary Jane Credeur with Bloomberg News.
Mary Jane Credeur - Bloomberg News
Hi, folks. Can you talk a little bit about how you’re going to afford that new pilot contract?
Richard Anderson
Hi, Mary Jane, this is Richard. Sorry for not saying hello. When you look at the overall value that we’re going to create as a result of unlocking the ability to refleet plus the productivity that has been built into that agreement, we’re confident that it will be an important part of our ability to get to unit cost over the next couple of years to improve our margins and our return on invested capital.
Glen Hauenstein
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.
.
Last edited by forgot to bid; 10-24-2012 at 07:46 PM. Reason: added red
10-24-2012, 07:33 PM
Works Every Weekend
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10-24-2012, 07:34 PM
Gets Weekends Off
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This needs some airplay
Stand as One
Fellow ALPA member,
Whether you fly for a mainline airline, a cargo operation, or a regional carrier, widebody or narrowbody, you are needed, now, in the aviation battle of our lives.
On this issue, we must stand as one, now, or we will be undone.
Last month, the European Union (EU) finally went public with what we have known it’s been plotting to do for some time: The EU is going to again attack our laws on foreign ownership and control.
The goal: to enable foreign investors from around the world—corporations, airlines, and even countries—to buy and take control of our airlines.
Simple, stark, and devastating, this change spells catastrophe for our carriers and our careers—just when some of our airlines are finally recovering from the misery of the last decade.
Once they have control, foreign investors, including state-owned airlines in the EU, China, and the Gulf, can take over our foreign flying, merely by reversing the destination and origination points of a flight, so that what was once ORD-SIN-ORD will become SIN-ORD-SIN. The crews will be foreign-based and operating under a totally different set of safety and security rules.
So we will be feeders for the foreign owners’ international flying. Then they will attack our cabotage rules and go after our domestic markets. Aviation in this country will go the way of the maritime industry, and we’ll be finished.
You can see it unfolding right now. Qantas and Emirates recently announced a “global partnership.” Reading between the lines of the newly-structured alliance, it is clear that Emirates will perform the overwhelming majority of international flying while Qantas will remain largely a domestic feeder carrier.
Although the population of Australia is almost three times as large as that of the Emirates, of the 98 weekly Australia-Dubai flights, Qantas will operate only 14 while Emirates will operate 74. Emirates will also be taking over many of Qantas’ flights into Europe and Asia. Of the 7 daily flights into Heathrow, Emirates gets 5 and Qantas 2.
We have been gearing up for this fight, but we have much to do. In my letter to you earlier this month, I described how we have changed the way we tackle problems in Washington, with a pilot partisan agenda that does not let party politics get in the way of our work in D.C. With a team of highly skilled professional staff and volunteer pilot advocates, we are building the network we need to succeed in Washington.
But it’s not enough. Our recent battles in Washington pale in comparison to the onslaught we are about to face on foreign ownership.
Here’s what we need you to do right now:
First, contact your local council representatives and ask how you can give time to support the pilot legislative affairs network on your airline.
Second, print this e-mail and forward it to your friends, and talk to your fellow ALPA members about this issue, and don’t let up.
Third, talk to pilots from other airlines not represented by ALPA and tell them that their leaders needs to get in line with ALPA on this issue.
Fourth, stop stalling on your contribution to the ALPA-PAC.
Fifth, get your pen and paper and your walking shoes ready, because you’re going to be called on to write letters by the dozens and, when the time comes, to stand up for our profession through marches and demonstrations.
If we are united, we’ll overcome this challenge, again. If we are divided, we will fail, and our jobs will be taken from us, permanently.
On this issue, we must stand as one, now, or we will be undone.
In unity,
Capt. Lee Moak
President
Questions or comments on this email? Give us your feedback at [email protected].
Fellow ALPA member,
Whether you fly for a mainline airline, a cargo operation, or a regional carrier, widebody or narrowbody, you are needed, now, in the aviation battle of our lives.
On this issue, we must stand as one, now, or we will be undone.
Last month, the European Union (EU) finally went public with what we have known it’s been plotting to do for some time: The EU is going to again attack our laws on foreign ownership and control.
The goal: to enable foreign investors from around the world—corporations, airlines, and even countries—to buy and take control of our airlines.
Simple, stark, and devastating, this change spells catastrophe for our carriers and our careers—just when some of our airlines are finally recovering from the misery of the last decade.
Once they have control, foreign investors, including state-owned airlines in the EU, China, and the Gulf, can take over our foreign flying, merely by reversing the destination and origination points of a flight, so that what was once ORD-SIN-ORD will become SIN-ORD-SIN. The crews will be foreign-based and operating under a totally different set of safety and security rules.
So we will be feeders for the foreign owners’ international flying. Then they will attack our cabotage rules and go after our domestic markets. Aviation in this country will go the way of the maritime industry, and we’ll be finished.
You can see it unfolding right now. Qantas and Emirates recently announced a “global partnership.” Reading between the lines of the newly-structured alliance, it is clear that Emirates will perform the overwhelming majority of international flying while Qantas will remain largely a domestic feeder carrier.
Although the population of Australia is almost three times as large as that of the Emirates, of the 98 weekly Australia-Dubai flights, Qantas will operate only 14 while Emirates will operate 74. Emirates will also be taking over many of Qantas’ flights into Europe and Asia. Of the 7 daily flights into Heathrow, Emirates gets 5 and Qantas 2.
We have been gearing up for this fight, but we have much to do. In my letter to you earlier this month, I described how we have changed the way we tackle problems in Washington, with a pilot partisan agenda that does not let party politics get in the way of our work in D.C. With a team of highly skilled professional staff and volunteer pilot advocates, we are building the network we need to succeed in Washington.
But it’s not enough. Our recent battles in Washington pale in comparison to the onslaught we are about to face on foreign ownership.
Here’s what we need you to do right now:
First, contact your local council representatives and ask how you can give time to support the pilot legislative affairs network on your airline.
Second, print this e-mail and forward it to your friends, and talk to your fellow ALPA members about this issue, and don’t let up.
Third, talk to pilots from other airlines not represented by ALPA and tell them that their leaders needs to get in line with ALPA on this issue.
Fourth, stop stalling on your contribution to the ALPA-PAC.
Fifth, get your pen and paper and your walking shoes ready, because you’re going to be called on to write letters by the dozens and, when the time comes, to stand up for our profession through marches and demonstrations.
If we are united, we’ll overcome this challenge, again. If we are divided, we will fail, and our jobs will be taken from us, permanently.
On this issue, we must stand as one, now, or we will be undone.
In unity,
Capt. Lee Moak
President
Questions or comments on this email? Give us your feedback at [email protected].
10-24-2012, 07:35 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
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