Any "Latest & Greatest" about Delta?
07-27-2013, 11:26 AM
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07-27-2013, 12:55 PM
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Yup it's always a cumulative look-back of the previous of three years taken on March 30.
But 1.P.4, Note Two permits a one-time 12-month only cumulative loock-back if we reach 49.75%.
1.P.4 Note two then permits any previous year underages will be discarded...
Delta could technically still use this provision in 2015, looking back 12 months and meet the letter of the contract.
Cheers
George
07-27-2013, 12:57 PM
veut gagner ŕ la loterie
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You forgot (fill the in blank for any MEMRAT issue)
Glossy graphs showing how many positions we will grow if we agree vs. if we don't,
Memo's from SD hinting at hiring as soon as we ratify,
ALPA lawyers saying we'll get worse if we turn it down,
Much free beer and pizza,
No pro and con paper,
Rhetoric about trusting our leaders,
and all oppisiton will be met with the usual recycled comebacks about DPA, certain Reps, unity, we could end up like APA, USAPA, the economy, etc, and for it to pass 60/40.....
Glossy graphs showing how many positions we will grow if we agree vs. if we don't,
Memo's from SD hinting at hiring as soon as we ratify,
ALPA lawyers saying we'll get worse if we turn it down,
Much free beer and pizza,
No pro and con paper,
Rhetoric about trusting our leaders,
and all oppisiton will be met with the usual recycled comebacks about DPA, certain Reps, unity, we could end up like APA, USAPA, the economy, etc, and for it to pass 60/40.....
Then it'll pass and the next earnings investor call would prove the no votes were more correct then we knew and something something USAPA...
07-27-2013, 12:59 PM
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07-27-2013, 01:02 PM
Can't abide NAI
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In other news Steve Ballmer of Micrsoft said their company is sitting on nearly a billion dollars worth of unsold Windows RT Tablets. New models are about to come out and that's a lot of unsold versions sitting around. Fire sale prices to the public will only saturate what little demand there is.
I can think of one way to unload those things .....
Ballmer: Microsoft made too many Surface RT tablets | News | PC Pro
I can think of one way to unload those things .....
Ballmer: Microsoft made too many Surface RT tablets | News | PC Pro
07-27-2013, 01:04 PM
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Posts: 710
Now that's an understatement!
The saddest part is the company was given "wiggle" room.
+/- 1.5% from the target of 50% and thats on a rolling 3-year average.
Then in addition, they were given 1.P.4. Note two, essentially a one time "get out of jail" card.
All the company had to do is meet 49.75% for a 12-moth period and all previous "underages" would be wiped clean.
Even with this extra bit of flexibility Delta still will fail to meet the target on March 30, 2014.
Multiple opportunities gave the company lots of flexibility to execute the business plan.
The PWA gave Delta enough flexibility that the company could have ceased flying any Transatlantic JV flying for two years, then brought our percentage to 49.75% for the current 12-month period ending March 30th, 2014 and Delta would have been deemed in compliance.
All of this won't matter and I'll be happy as a clam if we actually make the new JV language 1.E.8, just added in the last contract, stick when it comes to the Virgin JV:
the Company’s share block hours flown under the JV will be at least 75% of the Company’s share of revenue in that twelve-month period.
Since Delta owns half of Virgin, Delta's share of the revenue of the Virgin/DAL JV is 75%. If we really get to fly 75% of Delta's portion of the Revenue as is stipulated in PWA 1.E.8, we would get a 56% share of all Virgin/DAL JV flying. That would be a lot of flying added. If we really see a 56% share of flying for Delta pilots in the Virgin/DAL JV, this thread will be a very happy place.
Cheers
George
The saddest part is the company was given "wiggle" room.
+/- 1.5% from the target of 50% and thats on a rolling 3-year average.
Then in addition, they were given 1.P.4. Note two, essentially a one time "get out of jail" card.
All the company had to do is meet 49.75% for a 12-moth period and all previous "underages" would be wiped clean.
Even with this extra bit of flexibility Delta still will fail to meet the target on March 30, 2014.
Multiple opportunities gave the company lots of flexibility to execute the business plan.
The PWA gave Delta enough flexibility that the company could have ceased flying any Transatlantic JV flying for two years, then brought our percentage to 49.75% for the current 12-month period ending March 30th, 2014 and Delta would have been deemed in compliance.
All of this won't matter and I'll be happy as a clam if we actually make the new JV language 1.E.8, just added in the last contract, stick when it comes to the Virgin JV:
the Company’s share block hours flown under the JV will be at least 75% of the Company’s share of revenue in that twelve-month period.
Since Delta owns half of Virgin, Delta's share of the revenue of the Virgin/DAL JV is 75%. If we really get to fly 75% of Delta's portion of the Revenue as is stipulated in PWA 1.E.8, we would get a 56% share of all Virgin/DAL JV flying. That would be a lot of flying added. If we really see a 56% share of flying for Delta pilots in the Virgin/DAL JV, this thread will be a very happy place.
Cheers
George
07-27-2013, 01:13 PM
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Joined APC: Oct 2012
Posts: 133
Now that's an understatement!
The saddest part is the company was given "wiggle" room.
+/- 1.5% from the target of 50% and thats on a rolling 3-year average.
Then in addition, they were given 1.P.4. Note two, essentially a one time "get out of jail" card.
All the company had to do is meet 49.75% for a 12-moth period and all previous "underages" would be wiped clean.
Even with this extra bit of flexibility Delta still will fail to meet the target on March 30, 2014.
Multiple opportunities gave the company lots of flexibility to execute the business plan.
The PWA gave Delta enough flexibility that the company could have ceased flying any Transatlantic JV flying for two years, then brought our percentage to 49.75% for the current 12-month period ending March 30th, 2014 and Delta would have been deemed in compliance.
All of this won't matter and I'll be happy as a clam if we actually make the new JV language 1.E.8, just added in the last contract, stick when it comes to the Virgin JV:
the Company’s share block hours flown under the JV will be at least 75% of the Company’s share of revenue in that twelve-month period.
Since Delta owns half of Virgin, Delta's share of the revenue of the Virgin/DAL JV is 75%. If we really get to fly 75% of Delta's portion of the Revenue as is stipulated in PWA 1.E.8, we would get a 56% share of all Virgin/DAL JV flying. That would be a lot of flying added. If we really see a 56% share of flying for Delta pilots in the Virgin/DAL JV, this thread will be a very happy place.
Cheers
George
The saddest part is the company was given "wiggle" room.
+/- 1.5% from the target of 50% and thats on a rolling 3-year average.
Then in addition, they were given 1.P.4. Note two, essentially a one time "get out of jail" card.
All the company had to do is meet 49.75% for a 12-moth period and all previous "underages" would be wiped clean.
Even with this extra bit of flexibility Delta still will fail to meet the target on March 30, 2014.
Multiple opportunities gave the company lots of flexibility to execute the business plan.
The PWA gave Delta enough flexibility that the company could have ceased flying any Transatlantic JV flying for two years, then brought our percentage to 49.75% for the current 12-month period ending March 30th, 2014 and Delta would have been deemed in compliance.
All of this won't matter and I'll be happy as a clam if we actually make the new JV language 1.E.8, just added in the last contract, stick when it comes to the Virgin JV:
the Company’s share block hours flown under the JV will be at least 75% of the Company’s share of revenue in that twelve-month period.
Since Delta owns half of Virgin, Delta's share of the revenue of the Virgin/DAL JV is 75%. If we really get to fly 75% of Delta's portion of the Revenue as is stipulated in PWA 1.E.8, we would get a 56% share of all Virgin/DAL JV flying. That would be a lot of flying added. If we really see a 56% share of flying for Delta pilots in the Virgin/DAL JV, this thread will be a very happy place.
Cheers
George
Might get that flying with all growth to the point going to the DAL side and then future growth on a size and scale weight to our side (70%), but an immediate shift of flying and loss of British jobs would result in UK Government intervention.
If you say pound sand unless, then the other option is no JV and a CS agreement only that protects current block hrs on a 12 month pre announcement look-back but offers no metric or negotiated share of the possible growth. Not that there will be much in a ultra-mature market and the tightest slot controlled airport.
Our bigger concern should be beyond flying that has no CS rights for DAL that will allow DAL to flow customers away from current DAL metal to VS metal with 49% of the profits still going to DAL, and with absolutely no current protections to stop it.
07-27-2013, 01:44 PM
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Must say, I never get tired of seeing the Delta sign above "Braves Win" at Turner Field, especially when they beat the Cards!
07-27-2013, 01:49 PM
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Braves.... Oh, you mean the Card's doormat to the postseason these last few years?. Unlike the Braves, the Cards get it done in when it matters!
PS. The 'tomahawk chop' maybe the dumbest thing in sports. Rant over.
07-27-2013, 02:34 PM
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Yup it's always a cumulative look-back of the previous of three years taken on March 30.
But 1.P.4, Note Two permits a one-time 12-month only cumulative loock-back if we reach 49.75%.
1.P.4 Note two then permits any previous year underages will be discarded...
Delta could technically still use this provision in 2015, looking back 12 months and meet the letter of the contract.
Cheers
George
But 1.P.4, Note Two permits a one-time 12-month only cumulative loock-back if we reach 49.75%.
1.P.4 Note two then permits any previous year underages will be discarded...
Delta could technically still use this provision in 2015, looking back 12 months and meet the letter of the contract.
Cheers
George
Back at ya!
Denny
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