Any "Latest & Greatest" about Delta?
12-10-2014, 05:15 PM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
$50/barrel oil does change everything. Profit sharing at 30% of annual compensation would be pretty unprecedented and Wall Street would hate it. DAL will be obligated to negotiate for it to come down. It will be in our best interests to drag our feet in negotiations - maybe for years.
Yes it would, if our MEC administration wanted to exert any such pressure. But they do not.
Don't say it FTB...it would be too easy.
Carl
12-10-2014, 05:28 PM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
So again the answer to NewK's question is: Yes.
Carl
12-10-2014, 05:35 PM
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,462
Your deflection notwithstanding, the currency of purchase does matter. Here's the initial question posed:
If our 49% purchase was a stock swap, then you'd have a marginal point. But that's not what happened. Our 49% purchase of the VA stake included an actual cash infusion. That cash outlay reduced the PTIX profit in that year's accounting. And as such, reduced our profit sharing.
So again the answer to NewK's question is: Yes.
Carl
If our 49% purchase was a stock swap, then you'd have a marginal point. But that's not what happened. Our 49% purchase of the VA stake included an actual cash infusion. That cash outlay reduced the PTIX profit in that year's accounting. And as such, reduced our profit sharing.
So again the answer to NewK's question is: Yes.
Carl
12-10-2014, 05:41 PM
Doesn't Get Weekends Off
Joined APC: Jun 2007
Posts: 2,598
However, the money could have been used to pay down debt or invest in Delta (airplanes, technology, real estate, employees, etc.) which would have been better for all of us rather than owning 50% of an airline that can do widebody flying for us.
12-10-2014, 05:42 PM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
Carl
12-10-2014, 05:46 PM
Gets Weekends Off
Joined APC: Jun 2007
Position: Captain Jack
Posts: 1,003
How to keep the fan on in your hotel room. On Honeywell hold the DISPLAY button down and press off let go of off then press UP arrow then release Display button you are in override mode your fan stays on and it will disable the motion sensors. Most Hilton's and Hyatt
12-10-2014, 05:58 PM
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,462
12-10-2014, 06:17 PM
Doesn't Get Weekends Off
Joined APC: Jun 2007
Posts: 2,598
Awesome. I hate those dang things.
12-10-2014, 06:25 PM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
I didn't say there is sailingfun, read it again...I reposted it above. Absent a JV agreement to the contrary, we have overall language in our current scope that mandates the company maintain the block hour percentages at not less than the percentages that existed prior to any JV. It's not a huge mistake sailingfun. It's Section 1.E.3.
Incorrect. We don't have a JV agreement yet, so Section 1.E.3 applies.
No they can't. See section 1.E.3.
Carl
Incorrect. We don't have a JV agreement yet, so Section 1.E.3 applies.
No they can't. See section 1.E.3.
Carl
If the Company's ownership level (i.e., the percentage of ownership referred to in Section 23 1 B. 16. a.) in a foreign air carrier exceeds 25%, the Company flying block hours scheduled in any month between the United States and any country to or from which the foreign air carrier operates from or to the United States, will not be less than the Company flying block hours scheduled between the two countries in the same month of the twelve-month period prior to the month in which the Company's ownership level first exceeds 25%.
As you can see Carl we have a block hour floor and not a percentage of flying. That is a huge difference. The union has also put out several communications explaining this.
12-10-2014, 06:44 PM
Gets Weekends Off
Joined APC: Sep 2011
Position: Hates Commuting
Posts: 957
I've tried playing with the calculator, but I'm not sure I'm using realistic numbers (I have yet to hit a training month)....
Thread
Thread Starter
Forum
Replies
Last Post
