Any "Latest & Greatest" about Delta?
It was a great landing. I fixed the airplane? Naah. I wish i could take credit, but I only know 3 words in French.
You know, this might be a business opportunity. 80 could start a "How to make PA's that make the flight attendants swoon." school for pilots. I bet the new Elvis could come up with done good marketing pics.
I don't have time to get into a long drawn out debate, but to hit a few points..
I am not saying I agree with how they are spending all the cash, buy backs etc, but I guess in their opinion that contributes more to shareholder wealth than buying a new fleet of aircraft. Doesn't mean I don't want them to, but I, nor the union get to make those sorts of decisions at any airline.
As far as leverage, I agree that BOB and others have been effective tactical moves to make gains... Just as we have made gains during those times. I was talking more in the context of section 6 and the ability to extract all this "extra" money that would have certainly gone to us otherwise right? When comments are made about "no money left on the the table" what else is one to infer except that if we would have just done "x" they would have had to give it to us.(and I am certainly not saying they wouldn't, just I haven't seen many examples of that happening in recent section 6 otherwise we would already have several airlines to jump in 2015.)
Excuse the grammar, spelling etc... Typed from an iPhone.
I am not saying I agree with how they are spending all the cash, buy backs etc, but I guess in their opinion that contributes more to shareholder wealth than buying a new fleet of aircraft. Doesn't mean I don't want them to, but I, nor the union get to make those sorts of decisions at any airline.
As far as leverage, I agree that BOB and others have been effective tactical moves to make gains... Just as we have made gains during those times. I was talking more in the context of section 6 and the ability to extract all this "extra" money that would have certainly gone to us otherwise right? When comments are made about "no money left on the the table" what else is one to infer except that if we would have just done "x" they would have had to give it to us.(and I am certainly not saying they wouldn't, just I haven't seen many examples of that happening in recent section 6 otherwise we would already have several airlines to jump in 2015.)
Excuse the grammar, spelling etc... Typed from an iPhone.
Ron;
I have no doubt about your convictions being genuine.
We are either organized labor or we are not. If the TRUE goal of DALPA was to raise the bar for us:
-The negotiators would have been directed to walk away from the table during this past negotiation.
-The strike mobilization committee would have been put to work.
-The policy manual would have been followed and reps would have been allowed to actually give direction.
I am required, because of agency shop, to pay dues to an organization that does not completely look after my interests. I am not proposing that there is a better CBA out there either, just stating a fact as I see it. I support the PAC and am personally pleased with several of their recent victories. I feel that our DALPA admin is in this for their own agendas and not for the best interests of the line pilot. Unfortunately they continue to have the power.
I don't know if I'm some weird outlier either. I am informed, but IMO, we are either grossly outgunned or we have acquiesced all of our negotiation ability due to outsourcing, maybe both.
No offense to Elvis, but I think Gunshipguy should be our marketting department...
Gets Weekends Off
Joined APC: Jul 2007
Position: Road construction signholder
Posts: 2,433
This is such a general statement that it is hard to oppose. How do you define "completely"? Are you saying that if you personally (and you--and I--are just one of thousands) did not get every little thing that you did wanted, that therefore your union leadership is wanting? If so, then you will be sorely disappointed regardless of the name of your bargaining agency.
Sometimes I am reminded of pilot A who will say, full of conviction, "If concessions are ever needed, just give up pay. Once given up, you can't ever get back work rules, and the IRS still hasn't figured out how to tax a day off."
Then pilot B will immediately chime in and reply "BS! Work rules don't pay the mortage. Work rules don't buy the groceries. Work rules don't get my kid into the better schools, etc. Only pay will. If you have to give something up, give up work rules."
I have heard exact point/counter-point conversations just like this. What is a union to do with a finite pie, but infinite expectations of the membership?
This is such a general statement that it is hard to oppose. How do you define "completely"? Are you saying that if you personally (and you--and I--are just one of thousands) did not get every little thing that you did wanted, that therefore your union leadership is wanting? If so, then you will be sorely disappointed regardless of the name of your bargaining agency.
Sometimes I am reminded of pilot A who will say, full of conviction, "If concessions are ever needed, just give up pay. Once given up, you can't ever get back work rules, and the IRS still hasn't figured out how to tax a day off."
Then pilot B will immediately chime in and reply "BS! Work rules don't pay the mortage. Work rules don't buy the groceries. Work rules don't get my kid into the better schools, etc. Only pay will. If you have to give something up, give up work rules."
I have heard exact point/counter-point conversations just like this. What is a union to do with a finite pie, but infinite expectations of the membership?
Sometimes I am reminded of pilot A who will say, full of conviction, "If concessions are ever needed, just give up pay. Once given up, you can't ever get back work rules, and the IRS still hasn't figured out how to tax a day off."
Then pilot B will immediately chime in and reply "BS! Work rules don't pay the mortage. Work rules don't buy the groceries. Work rules don't get my kid into the better schools, etc. Only pay will. If you have to give something up, give up work rules."
I have heard exact point/counter-point conversations just like this. What is a union to do with a finite pie, but infinite expectations of the membership?
I'm saying either option is an F.
I expect this from the Co, but not my union.
Ron Ricco,
My concern about dividends, or stock buy backs, is that those choices mean there are no better choices to deploy that capital. That means upgrading the inefficient mainline narrow body fleet (and the 717 will, on date of arrival be near the bottom of the industry in efficiency). That means we aren't spending the money on right sizing our international fleet with an aircraft like the 777-300 in significant numbers. It means we are not going to make any competitive moves which might require an investment in that market. It means we will continue to pay interest on 10 billion dollars or so in borrowing. In other words, it means the Company has no better idea what to do with cash than to give it away, plus ~ 8% interest.
I am encouraged that Delta has the available cash flow to fund what would be a "capital project" in either a pre merger NWA or DAL.
IMHO this dividend is a bit like winning a yacht race. It is bragging rights to a couple of rich buddies, but doesn't sell widgets.
The one tin foil hat scenario that makes some sense is that we are pumping the stock price in advance of a stock-swap type acquisition. That potentially could be a smart use of throwing cash out the window, priming the pump to leverage the market to make an acquisition relatively cheaper on an exchange basis.
If that theory is actionable it does nothing good, or bad, for us in an SLI that I can see.
My concern about dividends, or stock buy backs, is that those choices mean there are no better choices to deploy that capital. That means upgrading the inefficient mainline narrow body fleet (and the 717 will, on date of arrival be near the bottom of the industry in efficiency). That means we aren't spending the money on right sizing our international fleet with an aircraft like the 777-300 in significant numbers. It means we are not going to make any competitive moves which might require an investment in that market. It means we will continue to pay interest on 10 billion dollars or so in borrowing. In other words, it means the Company has no better idea what to do with cash than to give it away, plus ~ 8% interest.
I am encouraged that Delta has the available cash flow to fund what would be a "capital project" in either a pre merger NWA or DAL.
IMHO this dividend is a bit like winning a yacht race. It is bragging rights to a couple of rich buddies, but doesn't sell widgets.
The one tin foil hat scenario that makes some sense is that we are pumping the stock price in advance of a stock-swap type acquisition. That potentially could be a smart use of throwing cash out the window, priming the pump to leverage the market to make an acquisition relatively cheaper on an exchange basis.
If that theory is actionable it does nothing good, or bad, for us in an SLI that I can see.
I disagree. Paying a dividend gets Delta one step closer to being investment grade. Mutual funds and other institutional investors will now look at DAL as a possible investment precisely because they pay a dividend. How many of you though about buying DAL when this was announced? I know I thought about buying some more while it is still relatively cheap. ($ wise, not necessarily $/earnings wise)
As far as stock buybacks go, both Buffett and Cramer like them, but I have yet to be convinced as to their actual benefit to the corporation. If DAL was going to buy back stock, I would think they would have wanted to do it when the price were down in the mid teens...
This is such a general statement that it is hard to oppose. How do you define "completely"? Are you saying that if you personally (and you--and I--are just one of thousands) did not get every little thing that you did wanted, that therefore your union leadership is wanting? If so, then you will be sorely disappointed regardless of the name of your bargaining agency.
Sometimes I am reminded of pilot A who will say, full of conviction, "If concessions are ever needed, just give up pay. Once given up, you can't ever get back work rules, and the IRS still hasn't figured out how to tax a day off."
Then pilot B will immediately chime in and reply "BS! Work rules don't pay the mortage. Work rules don't buy the groceries. Work rules don't get my kid into the better schools, etc. Only pay will. If you have to give something up, give up work rules."
I have heard exact point/counter-point conversations just like this. What is a union to do with a finite pie, but infinite expectations of the membership?
Sometimes I am reminded of pilot A who will say, full of conviction, "If concessions are ever needed, just give up pay. Once given up, you can't ever get back work rules, and the IRS still hasn't figured out how to tax a day off."
Then pilot B will immediately chime in and reply "BS! Work rules don't pay the mortage. Work rules don't buy the groceries. Work rules don't get my kid into the better schools, etc. Only pay will. If you have to give something up, give up work rules."
I have heard exact point/counter-point conversations just like this. What is a union to do with a finite pie, but infinite expectations of the membership?
Gets Weekends Off
Joined APC: Sep 2007
Posts: 1,239
If we do merge with Alaska, do their contracts/agreements with AA immediately cease or could Delta pilots one day be flying AA passengers?
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