Any "Latest & Greatest" about Delta?
03-18-2010, 03:51 AM
On Reserve
Joined APC: Aug 2009
Posts: 18
The MEC has much more on their plate than issues solely centered around ex-North pilots. Just like the ABCs of CPR, there is a priority when dealing with things at the MEC level.
KW, no matter how dedicated, skilled or well-intentioned, just removed himself from the process by being a quitter.
A wise old MEC member once told me, "Nobody is unreplaceable"
Another wise old MEC member once told me, "Nobody gets what they want all the time. Nobody."
As an Ex-south guy, I hold importance in seeing the North grievances get resolved. Some of them did--poorly--because a certain KW wanted to do things his way, and got his hat handed to him.
Last edited by LCS25; 03-18-2010 at 03:51 AM. Reason: for fun
03-18-2010, 04:07 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
I'll respond exactly once:
The MEC has much more on their plate than issues solely centered around ex-North pilots. Just like the ABCs of CPR, there is a priority when dealing with things at the MEC level.
KW, no matter how dedicated, skilled or well-intentioned, just removed himself from the process by being a quitter.
A wise old MEC member once told me, "Nobody is unreplaceable"
Another wise old MEC member once told me, "Nobody gets what they want all the time. Nobody."
As an Ex-south guy, I hold importance in seeing the North grievances get resolved. Some of them did--poorly--because a certain KW wanted to do things his way, and got his hat handed to him.
The MEC has much more on their plate than issues solely centered around ex-North pilots. Just like the ABCs of CPR, there is a priority when dealing with things at the MEC level.
KW, no matter how dedicated, skilled or well-intentioned, just removed himself from the process by being a quitter.
A wise old MEC member once told me, "Nobody is unreplaceable"
Another wise old MEC member once told me, "Nobody gets what they want all the time. Nobody."
As an Ex-south guy, I hold importance in seeing the North grievances get resolved. Some of them did--poorly--because a certain KW wanted to do things his way, and got his hat handed to him.
Do you mean irreplaceable?
I agree that in any organization it is about the organization and not a single person. People come and go.
I have been thinking about the events that have transpired. I often wonder if the C54 reps realize that by putting a letter out like this they have ostracized themselves' from the rest of the MEC. There are some very strong words there. It will be hard to take those back. Granted they only represent the pilots in SEA, but they have to deal with all of the reps and the body of the MEC every day.
It is not the road that I want to see us travel down.
03-18-2010, 04:14 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
CHICAGO (TheStreet) -- At least one investor has apparently rolled out a bearish front-month position out one month in Delta Air Lines(DAL).
DAL did not announce any news this morning and the shares are trading up four cents to $13.02. The airline sector has remained mixed throughout the last week, and ONN.tv covered an interesting strangle buyer on March 4 when the stock was trading at $12.69.
At about 11:30 a.m. EST, more than 7,500 March 13 calls changed hands versus open interest of nearly 22,000 contracts while the same number of April 13 calls crossed the tape versus current open interest of 1,600 contracts.
These open interest and volume discrepancies suggest investors closed the front-month options and opened the April 13-strike calls. A look at time and sales shows the March 13 calls traded for 15 cents per contract, and the April 13 calls hit the tape for 65 cents per contract.
Investors most likely bought the March 13 calls back and sold to open the April 13 calls, collecting a net credit of 50 cents per roll to maintain bearishness in the airline name.
The March 13-strike calls have an implied volatility of 33% and implied volatility of the April 13-strike calls is 45%. These levels compared to a 30-day historical volatility of 52%. Investors who rolled out the short call position to April will make money if DAL shares close lower than $13.65 at April options expiration in 30 days.
Keep in mind that this bearish roll factors in a potential 5% rally throughout the near-term before investors begin to lose money. So, at least one investor expects DAL shares to experience limited upside prior to April options expiration.
DAL did not announce any news this morning and the shares are trading up four cents to $13.02. The airline sector has remained mixed throughout the last week, and ONN.tv covered an interesting strangle buyer on March 4 when the stock was trading at $12.69.
At about 11:30 a.m. EST, more than 7,500 March 13 calls changed hands versus open interest of nearly 22,000 contracts while the same number of April 13 calls crossed the tape versus current open interest of 1,600 contracts.
These open interest and volume discrepancies suggest investors closed the front-month options and opened the April 13-strike calls. A look at time and sales shows the March 13 calls traded for 15 cents per contract, and the April 13 calls hit the tape for 65 cents per contract.
Investors most likely bought the March 13 calls back and sold to open the April 13 calls, collecting a net credit of 50 cents per roll to maintain bearishness in the airline name.
The March 13-strike calls have an implied volatility of 33% and implied volatility of the April 13-strike calls is 45%. These levels compared to a 30-day historical volatility of 52%. Investors who rolled out the short call position to April will make money if DAL shares close lower than $13.65 at April options expiration in 30 days.
Keep in mind that this bearish roll factors in a potential 5% rally throughout the near-term before investors begin to lose money. So, at least one investor expects DAL shares to experience limited upside prior to April options expiration.
03-18-2010, 04:29 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Hey Tsquare, this ought to brighten your day!
Urban Meyer back at Florida Gators practice after taking leave - ESPN
or maybe this?
Sources: Tim Tebow workout earns him trip to NFL draft - ESPN
GTO, bring on the underboob before Tsquare starts crying!
Urban Meyer back at Florida Gators practice after taking leave - ESPN
or maybe this?
Sources: Tim Tebow workout earns him trip to NFL draft - ESPN
GTO, bring on the underboob before Tsquare starts crying!
Sorry Satch, I didn't read the articles. The first one.. well.. duuuuuh. Surprise surprise surprise. And the second... is anybody else as tired as I am of all the ESPN drivel about the number SIX rated quarterback? I mean I have yet to see one single clip of Bradford ort any of the others, but tebow is on ESPN more than Tiger Woods is on TMZ.... good grief.
Dooley is da man!
03-18-2010, 04:34 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
When council reps talk that way about the leadership of MY union, it IS my business. I'm sure KW was second only to Tim Tebow in his ability to cure exotic diseases and balance the budget and all that. I'm sure he is a great guy. But not irreplaceable. He resigned. But my point was not about what the 54 reps said. My point was that YOU said 5000 fNWa pilots would not be forgetting. THAT is the satatement that is out of line and divisive. Sorry for any confusion.
03-18-2010, 04:35 AM
Weekend and Holiday Pilot
Joined APC: Jan 2007
Position: Sippin' at the Troubadour
Posts: 1,142
03-18-2010, 05:17 AM
On Reserve
Joined APC: Aug 2009
Posts: 18
[HTML]Did he get removed? Last I heard his resignation letter was not accepted. Now granted I stopped following the back and forth so if this is the case that is too bad. [/HTML]
I don't know. It doesn't really matter, as he has gone solo on this, and that is not the way the administration works.
[HTML]Do you mean irreplaceable? [/HTML]
Believe it or not, that was the quote.
I understood what he meant.
I don't know. It doesn't really matter, as he has gone solo on this, and that is not the way the administration works.
[HTML]Do you mean irreplaceable? [/HTML]
Believe it or not, that was the quote.
I understood what he meant.
03-18-2010, 05:23 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
I agree that is not the way the Master Council works.
It is going to be difficult for C54 to further their pilots agenda after that letter. Not only did it go after the usual "Punching Bags" but it went after one of the former NWA pilots serving in a Chairmanship position.
It is going to be difficult for C54 to further their pilots agenda after that letter. Not only did it go after the usual "Punching Bags" but it went after one of the former NWA pilots serving in a Chairmanship position.
03-18-2010, 05:53 AM
Gets Weekends Off
Joined APC: Apr 2008
Position: FO forever
Posts: 413
I'll respond exactly once:
The MEC has much more on their plate than issues solely centered around ex-North pilots. Just like the ABCs of CPR, there is a priority when dealing with things at the MEC level.
I would think that in over a years time that something could have been done.
KW, no matter how dedicated, skilled or well-intentioned, just removed himself from the process by being a quitter.
Would you stick around for another year when you have been promised actions and nothing happens as promised. I would have better things to do with my time.
A wise old MEC member once told me, "Nobody is unreplaceable"
Agree
Another wise old MEC member once told me, "Nobody gets what they want all the time. Nobody."
Agree, but this guy has been through many many many fights on the side of the pilots in greviances and we want him to get what he wants because it is a win for the pilot.
As an Ex-south guy, I hold importance in seeing the North grievances get resolved. Some of them did--poorly--because a certain KW wanted to do things his way, and got his hat handed to him.
Would not have a problem with this if Moak had lived up to his obligations and promises. Appears to be Moak's way or the highway.
The MEC has much more on their plate than issues solely centered around ex-North pilots. Just like the ABCs of CPR, there is a priority when dealing with things at the MEC level.
I would think that in over a years time that something could have been done.
KW, no matter how dedicated, skilled or well-intentioned, just removed himself from the process by being a quitter.
Would you stick around for another year when you have been promised actions and nothing happens as promised. I would have better things to do with my time.
A wise old MEC member once told me, "Nobody is unreplaceable"
Agree
Another wise old MEC member once told me, "Nobody gets what they want all the time. Nobody."
Agree, but this guy has been through many many many fights on the side of the pilots in greviances and we want him to get what he wants because it is a win for the pilot.
As an Ex-south guy, I hold importance in seeing the North grievances get resolved. Some of them did--poorly--because a certain KW wanted to do things his way, and got his hat handed to him.
Would not have a problem with this if Moak had lived up to his obligations and promises. Appears to be Moak's way or the highway.
I asked 2 simple questions and neither was answered. Probably best to leave these issues alone as they are union rep issues. Neither of us have enough info to debate these issues on here and it only causes negative vibs between the groups. I'm done with it, but I am left with a huge feeling of uncertainty when it comes to being well represented by our union. This is not a DAL -S thing I would and have said that about the union before the merger. The ironic thing is the only guy I would never make this statement about is the guy we are talking about-KW. Done over and out.
03-18-2010, 06:07 AM
Sho me da money!
Joined APC: Feb 2007
Position: B25, Left
Posts: 947
This tone of late is a disappointing trend not only to this thread but to the QOL in going to work. I can sit here and complain about how this merger has not been fair to me or how I am forced to commute to NYC etc. I never wanted to work at an airline like USAir and see those pilots burden themselves with so much mistrust that they lose sight of the important issues that effectively control their lives as a work force. Management. I was relieved when the SLI was completed. I took a hit like everyone but I felt it was (and still do) the best possible outcome and like the fact that we are moving forward. It is why these arguments over who was better and who did what only weakens us as a group. I am all for venting. Makes one feel better but only to a point and not when it has an overall negative impact on those around you. Lets move on.
I look forward to flying with a Delta Brother from a Different Mother!
I look forward to flying with a Delta Brother from a Different Mother!
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