Any "Latest & Greatest" about Delta?
01-24-2013, 10:26 AM
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01-24-2013, 10:27 AM
The Brown Dot +1
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there are several elements of "income" not counted, the list is somewhere that I recently read. Not included is perdiem, imputed income, shared rewards, and about 4-5 other things. For the simple math, I just estimate 5.5% times my whole w-2 (plus I sock the whole thing in my ret acct.). It's better than a sharp stick in the eye.
01-24-2013, 11:09 AM
Line Holder
Joined APC: Jul 2009
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Profit Sharing Formula
FLT PAY + FLT ADV X .0667 =2013 profit sharing check from 2012 wages
A couple other exceptions may apply outside of FLT PAY And FLT ADV as provided in Section 3 .I in the PWA
Now take your 2013 profit sharing check and multiply X .667 to see 2014 profit sharing check if we had the same profit.
01-24-2013, 11:38 AM
Gets Weekends Off
Joined APC: Jun 2007
Position: Captain Jack
Posts: 1,003
From Your Pay Check on 31DEC12 take
FLT PAY + FLT ADV X .0667 =2013 profit sharing check from 2012 wages
A couple other exceptions may apply outside of FLT PAY And FLT ADV as provided in Section 3 .I in the PWA
Now take your 2013 profit sharing check and multiply X .667 to see 2014 profit sharing check if we had the same profit.
FLT PAY + FLT ADV X .0667 =2013 profit sharing check from 2012 wages
A couple other exceptions may apply outside of FLT PAY And FLT ADV as provided in Section 3 .I in the PWA
Now take your 2013 profit sharing check and multiply X .667 to see 2014 profit sharing check if we had the same profit.
no no no no....come on I got that .333 in my 8.5 pay raise this month....minus 2.0 for soc sec uptic...
01-24-2013, 11:38 AM
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,738
there are several elements of "income" not counted, the list is somewhere that I recently read. Not included is perdiem, imputed income, shared rewards, and about 4-5 other things. For the simple math, I just estimate 5.5% times my whole w-2 (plus I sock the whole thing in my ret acct.). It's better than a sharp stick in the eye.
"Happy Valenties Day..."
01-24-2013, 11:48 AM
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Joined APC: Jan 2011
Posts: 403
I think the Motley Fool commentaries are usually contradictory over short periods of time and are generally full of cr@p, this being no exception. Capacity discipline combined with a large network of choices has been yielding consistent profitability, and this guy expects bankruptcy? When are these big losses supposed to start? My profit sharing check screams that he's full of it.
Add to that the smart economic decisions such as...
- buying an oil refinery
- buying slightly used a/c and getting their full value over time
The biggest reason someone may choose Delta is assurance of getting to their destination on time, as in operational reliability measures.
Add to that the smart economic decisions such as...
- buying an oil refinery
- buying slightly used a/c and getting their full value over time
The biggest reason someone may choose Delta is assurance of getting to their destination on time, as in operational reliability measures.
01-24-2013, 11:48 AM
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Posts: 581
People like my buddy who don't spend much money with Delta but for example, put all their Diesel fuel purchases (say to the tune of $400K a year) on their AMEX card won't get the high elite status levels anymore just because they use their card a whole bunch.
I think Delta (understandably) wants to honor those people who are contributing the most to Delta's bottom line.
01-24-2013, 11:58 AM
Gets Weekends Off
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WRT: The Motley Fool article:
I think the author misses the point that Delta can adjust capacity very easily. (And I believe this is what FlyZ was alluding to.)
Let's take ATL-AUS as an example. Suppose there are 4 MD-88 flights a day. If traffic picks up they can up-gauge the size of the aircraft and/or add another flight. If traffic shrinks they can use smaller aircraft and reduce frequency.
But carriers like SWA or Allegiant or Spirit can't really fine tune their capacity by changing aircraft size. They can only increase/decrease frequency.
I would argue we have more flexibility than those carriers.
I think the author misses the point that Delta can adjust capacity very easily. (And I believe this is what FlyZ was alluding to.)
Let's take ATL-AUS as an example. Suppose there are 4 MD-88 flights a day. If traffic picks up they can up-gauge the size of the aircraft and/or add another flight. If traffic shrinks they can use smaller aircraft and reduce frequency.
But carriers like SWA or Allegiant or Spirit can't really fine tune their capacity by changing aircraft size. They can only increase/decrease frequency.
I would argue we have more flexibility than those carriers.
01-24-2013, 11:59 AM
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From what I understand the changes will result in people who spend money with Delta buying expensive tickets will be rewarded more than those who spend money buying cheap tickets.
People like my buddy who don't spend much money with Delta but for example, put all their Diesel fuel purchases (say to the tune of $400K a year) on their AMEX card won't get the high elite status levels anymore just because they use their card a whole bunch.
I think Delta (understandably) wants to honor those people who are contributing the most to Delta's bottom line.
People like my buddy who don't spend much money with Delta but for example, put all their Diesel fuel purchases (say to the tune of $400K a year) on their AMEX card won't get the high elite status levels anymore just because they use their card a whole bunch.
I think Delta (understandably) wants to honor those people who are contributing the most to Delta's bottom line.
I see. I wonder if they've considered the possibility of this driving passengers to other airlines? I can't imagine they didn't.
01-24-2013, 12:06 PM
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,759
WRT: The Motley Fool article:
I think the author misses the point that Delta can adjust capacity very easily. (And I believe this is what FlyZ was alluding to.)
Let's take ATL-AUS as an example. Suppose there are 4 MD-88 flights a day. If traffic picks up they can up-gauge the size of the aircraft and/or add another flight. If traffic shrinks they can use smaller aircraft and reduce frequency.
But carriers like SWA or Allegiant or Spirit can't really fine tune their capacity by changing aircraft size. They can only increase/decrease frequency.
I would argue we have more flexibility than those carriers.
I think the author misses the point that Delta can adjust capacity very easily. (And I believe this is what FlyZ was alluding to.)
Let's take ATL-AUS as an example. Suppose there are 4 MD-88 flights a day. If traffic picks up they can up-gauge the size of the aircraft and/or add another flight. If traffic shrinks they can use smaller aircraft and reduce frequency.
But carriers like SWA or Allegiant or Spirit can't really fine tune their capacity by changing aircraft size. They can only increase/decrease frequency.
I would argue we have more flexibility than those carriers.
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