Any "Latest & Greatest" about Delta?
11-13-2014, 05:16 AM
Gets Weekends Off
Joined APC: Oct 2010
Posts: 675
Somebody help me out here (SWA employee). Why is your management apparently so hot to cut profit-sharing? I would think if anything they would be wanting more profitability-based compensation, as it is (from their perspective) nicely self-regulating through the good times and the bad? 
11-13-2014, 05:18 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Somebody help me out here (SWA employee). Why is your management apparently so hot to cut profit-sharing? I would think if anything they would be wanting more profitability-based compensation, as it is (from their perspective) nicely self-regulating through the good times and the bad?
11-13-2014, 05:28 AM
Senior by choice
Joined APC: Mar 2008
Posts: 427
Somebody help me out here (SWA employee). Why is your management apparently so hot to cut profit-sharing? I would think if anything they would be wanting more profitability-based compensation, as it is (from their perspective) nicely self-regulating through the good times and the bad?
11-13-2014, 05:35 AM
Gets Weekends Off
Joined APC: Apr 2009
Posts: 1,576
Think we will see some A awards today????
11-13-2014, 05:36 AM
Gets Weekends Off
Joined APC: Apr 2008
Position: DAL FO
Posts: 2,169
I haven't heard 1 official word from the company or DALPA on any of this. There has been no formal discussion on C2015 and won't be until April of next year. Lots of things can and will change between now and then.
The article that I read on Deltanet was talking about the American FA's and their unhappiness with a lack of profit sharing that our employees have. My takeaway was it was a not-too-thinly-disguised reminder to our FA's that they shouldn't even think about voting in a union. I couldn't tell if it was a pep rally or a threat, but the message was the same.
Some guys on here have taken that as a shot across our bow which is way premature. Even if the world does evolve around pilots, I don't think that article was meant for us.
And to all the "No" voters out there without having seen a shred of real contract language from C2015: anything is for sale, it all comes down to price. If they want to bake the value of the profit sharing into our payrates, I have no problem with that - provided the premium is significant.
The math for C2012 is also easy to do. The part above $2.5B DID NOT CHANGE (although most of us probably never ever thought we'd see profits at that level.) The only part that was monetized was the first $2.5B reduction from 15 to 10%. The math has been widely shown here and is equal to roughly 2% every year whether we make a profit or not.
Yes Wall Street hates profit sharing (only when there is a profit) and no that shouldn't surprise anyone.
11-13-2014, 05:54 AM
Gets Weekends Off
Joined APC: Aug 2006
Position: A330 First Officer
Posts: 1,465
I agree with most of the guys here about profit sharing. Keep your hands off. From what I understand, and this was from our union guys, we sold the profit sharing in C2012 back at too low a value. I don't know how we could have been so far off about the future profits with a pilot on the BOD and our EF&A guys doing their jobs.
I like the idea of negotiating a contract with new payrates then saying ok now if you want to talk about profit sharing it's going to be on top of those rates. I'm sorry but 4,8,3,3 just didn't seem like a good value when you had to give something up to get them. I know, I know the time value of money.
One of the internet smart guys here needs to do some background work on RA. Rumor has it that one of the reasons he does not worry about labor strife is that he has never let a contract expire. Meaning he always comes to some sort of deal. If that is the case I wouldn't keep throwing that 2-3 years and the NMB around so that everyone gets scared. Especially not our own union.
I like the idea of negotiating a contract with new payrates then saying ok now if you want to talk about profit sharing it's going to be on top of those rates. I'm sorry but 4,8,3,3 just didn't seem like a good value when you had to give something up to get them. I know, I know the time value of money.
One of the internet smart guys here needs to do some background work on RA. Rumor has it that one of the reasons he does not worry about labor strife is that he has never let a contract expire. Meaning he always comes to some sort of deal. If that is the case I wouldn't keep throwing that 2-3 years and the NMB around so that everyone gets scared. Especially not our own union.
11-13-2014, 05:57 AM
Line Holder
Joined APC: Jun 2007
Position: 757/767 F/O
Posts: 74
When the Delta Health Reward hit your HSA account, your contributions get changed so as to not exceed the max automatically.
11-13-2014, 06:28 AM
Gets Weekends Off
Joined APC: Jul 2014
Posts: 429
Scambo beat me to it.
I haven't heard 1 official word from the company or DALPA on any of this. There has been no formal discussion on C2015 and won't be until April of next year. Lots of things can and will change between now and then.
The article that I read on Deltanet was talking about the American FA's and their unhappiness with a lack of profit sharing that our employees have. My takeaway was it was a not-too-thinly-disguised reminder to our FA's that they shouldn't even think about voting in a union. I couldn't tell if it was a pep rally or a threat, but the message was the same.
Some guys on here have taken that as a shot across our bow which is way premature. Even if the world does evolve around pilots, I don't think that article was meant for us.
And to all the "No" voters out there without having seen a shred of real contract language from C2015: anything is for sale, it all comes down to price. If they want to bake the value of the profit sharing into our payrates, I have no problem with that - provided the premium is significant.
The math for C2012 is also easy to do. The part above $2.5B DID NOT CHANGE (although most of us probably never ever thought we'd see profits at that level.) The only part that was monetized was the first $2.5B reduction from 15 to 10%. The math has been widely shown here and is equal to roughly 2% every year whether we make a profit or not.
Yes Wall Street hates profit sharing (only when there is a profit) and no that shouldn't surprise anyone.
I haven't heard 1 official word from the company or DALPA on any of this. There has been no formal discussion on C2015 and won't be until April of next year. Lots of things can and will change between now and then.
The article that I read on Deltanet was talking about the American FA's and their unhappiness with a lack of profit sharing that our employees have. My takeaway was it was a not-too-thinly-disguised reminder to our FA's that they shouldn't even think about voting in a union. I couldn't tell if it was a pep rally or a threat, but the message was the same.
Some guys on here have taken that as a shot across our bow which is way premature. Even if the world does evolve around pilots, I don't think that article was meant for us.
And to all the "No" voters out there without having seen a shred of real contract language from C2015: anything is for sale, it all comes down to price. If they want to bake the value of the profit sharing into our payrates, I have no problem with that - provided the premium is significant.
The math for C2012 is also easy to do. The part above $2.5B DID NOT CHANGE (although most of us probably never ever thought we'd see profits at that level.) The only part that was monetized was the first $2.5B reduction from 15 to 10%. The math has been widely shown here and is equal to roughly 2% every year whether we make a profit or not.
Yes Wall Street hates profit sharing (only when there is a profit) and no that shouldn't surprise anyone.
11-13-2014, 06:33 AM
Get's Every Day Off
Joined APC: Oct 2006
Position: Retired
Posts: 1,860
11-13-2014, 06:48 AM
looking for underboob
Joined APC: Aug 2007
Position: NYC 7ER LCA
Posts: 902
We know about the dental and vision. Essentially what they are saying is once you reach the 80/20 coinsurance, then you can use it. They are talking about a very specific an only time you can use it for medical. But yes, you are right.
Okay, my bad. But you cannot use it to make copays or any portion of the deductible which is $2600 or more for next year. I didn't think it could be used with any medical expenses. Good luck to anyone that can accurately figure that into what they want to put into an LPFSA!
Denny
Okay, my bad. But you cannot use it to make copays or any portion of the deductible which is $2600 or more for next year. I didn't think it could be used with any medical expenses. Good luck to anyone that can accurately figure that into what they want to put into an LPFSA!
Denny
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