gzsg

Billions for the shareholders and 6,0,1,1 after inflation for the pilots.

I don't know how Ed will be able to sleep.

Simply ignoring the survey and reducing profit sharing (if the 5.75% reduction is true) is grounds to recall all yes voters.

Captain Mike Donatelli MEC Chairman "You have told us you want to retain profit sharing."

It doesn't get much simplier than that.

LeineLodge

At least your spamming is consistent. Mods, can we consolidate all of these identical posts into a special Jerry thread so I can enjoy them all at once?

Jerry, is this specific info gleaned from someone in the know? If so, please share your source. There is clearly a comm vacuum that is begging to be filled with any tidbit of information.

If you spread your made up numbers (with no context of the entire deal btw) for the next 5 days, I'd argue that you are actually helping the company lower our expectations.

To use your numbers (that I don't buy unless you can name a source):

Jerry says PS will be reduced by 5.75%

Hypothetical TA comes out and it is reduced by 2%.

Suddenly that doesn't sound so bad since Jerry has had us all bracing for a larger offset. Win!

For another example, let's go with everything you say as true, but we somehow achieved a min day of 8 hours, resulting in a huge increase in W2 and lots more time off....Now how does the TA look? Bullet points (especially fabricated ones) are useless without context.

We could do this for the next 5 days; making up BS* and arguing about it. I don't expect it to stop, and don't really care, but wouldn't it be more civilized if we allow the oft-slandered "process" to work itself out, and THEN pick it apart when we have the facts. I know I look forward to seeing the whole package (good and bad) and the spirited debates that will come with it.



*Jerry, as I've said before, I know you're a great guy in person. We've flown together and I thoroughly enjoyed the whole 5 days. I will happily retract my statement above and apologize if you can put up your source and/or provide concrete details of the TA. Everyone I know that has seen the deal isn't talking about it. If you know something different, please share.

Hank Kingsley

I was referring to Q4, 2014, where Delta reported fuel hedging losses of $2billion. While that will cover some of 2015 fuel expenses, it's still an incredible amount of money. If any one of us gambled on our fuel plannning, and lost the bet, we'd be held accountable. I would suggest a more conservative approach in fuel hedging, which Delta is now adhering to.

mk55

Any rumors about pay banding?

bigdaddie

If you took my little jab as a serious rumor (isn't that an oxymoron?) then we are all doomed.

I would expect to see somewhere in the neighborhood of 20% initial increase and like 5%/yr there after. BUT I bet they try to oust the profit sharing or at least increase the profit threshold where we are paid the higher percentage. Either way you look at it 1) higher pay rates % lower profit sharing or 2) lower pay rate increase & more profit sharing, the company will probably be paying out the same $$.

It will be interesting to see the TA. If it is substandard to our expectations I hope the members throw it back to the MEC by a huge margin. I myself am 1 for 3 on voting yes over the last decade.

BD

RonRicco

Agreed. Based on the rumors, I am in the "no" camp at this point, but certainly actual facts could change that.. But jeeesh, when you sign on to "chit chat" and there are 8 threads started by the same person and then 50 tag on posts, it really makes you want to avoid being in that camp. And to be fair and balanced, there are guys promoting the product that have the same effect on me as well.

CheapTrick

Hank, $2B was a forward looking projection required by GAAP. It was based on fuel cost versus hedges in place at one specific time. Since then the gap has closed reducing the projected loss significantly. DAL took an immediate $300M charge against earnings (actual loss) and redistributed future hedges to further reduce possible losses. So the $2B number means little. The actual loss is $300M this year. And RA has stated that hedging is not gambling but a tool to help DAL project fuel costs in a volatile market over a long period of time.

Ferd149

Crap!! I was OUT, and I'm dragged back in reading BS rumors about the TA. There goes my 6 month chip

Your Uncle Ferd

TheManager

Well....

At least you lasted longer than T.

He made up a neat new named though.

We can all start working on chips again after the recall process is over IF this TA is as bad as some reps are alluding to.

Ferd149

I just wish the rumors had some consistency, the numbers seem to be all over the charts.

"My deep throat source is better than your source'........"No mine is"

But, to be fair.........I just limited myself to 10 pages back. Has anyone set up a pool? How much does closest to the pin get

Ferd

PS.........who is TSquare now?