Any "Latest & Greatest" about Delta?
04-20-2010, 12:56 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Lets go way off the reservation for a second.
MD-9X looks a lot like the 717, and I beleive that there are a few of those that we can grab if needed. Might make sense if we can get a sub fleet like that. It is a stretch though. The 717 difference are what kept them off the property two years ago. It is very similar to the MD-9X. I can see the FAA signing off on that one!
MD-9X looks a lot like the 717, and I beleive that there are a few of those that we can grab if needed. Might make sense if we can get a sub fleet like that. It is a stretch though. The 717 difference are what kept them off the property two years ago. It is very similar to the MD-9X. I can see the FAA signing off on that one!
04-20-2010, 12:58 PM
Gets Weekends Off
Joined APC: Feb 2009
Position: right for a long, long time
Posts: 2,642
04-20-2010, 01:03 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Shiznit, they got a lot of hiring to do for that to happen! 
04-20-2010, 01:24 PM
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Joined APC: Apr 2008
Posts: 1,619
True, but they're already financing billions. So the only reasons (that I can think of) you would finance these (and thus repay some other debt) would be that a) you can't get good terms on these two, b) you want to reduce your current profits.
The notion that this is for balance sheet rebuilding doesn't make sense to me. Sure, you're not adding to debt, but you're also depleting your cash by an equivalent amount.
My guess is that Delta wants to show just enough profit to satisfy investors, but not so much they have to share with labor right away. We'll be "profitable" as soon as we sign contracts while we're "not profitable".
The notion that this is for balance sheet rebuilding doesn't make sense to me. Sure, you're not adding to debt, but you're also depleting your cash by an equivalent amount.
My guess is that Delta wants to show just enough profit to satisfy investors, but not so much they have to share with labor right away. We'll be "profitable" as soon as we sign contracts while we're "not profitable".
Profit and loss basically deals with how much it costs to fly airplanes around, and how much you collect from your customers by flying airplanes around. Interest expense and lease costs are included in profit and loss. If you reduce your debt, you reduce your future interest payments and you increase your future profit.
This quarter Delta created a mountain of cash. They paid into pensions, early, they paid cash for 6 jets, they reduced debt and they added $600 million to their cash balance. This is good. Reducing the debt will only reduce our further interest payments and increase future profits. Remember that some of this mountain of cash came from future payments for summer flying, so these results will not be the same for the rest of the year.
You can't hide profits by paying cash for things, you can only reduce your debt and that is a good thing.
04-20-2010, 01:35 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Just want to add that the updates the company is e-mailing out about the European operation are great.
Once again if you do not subscribe to the the e-mail updates I suggest you do.
DALnet Flight Operations Pilot
E-mail subscription Under the I-crew log on.
Third one in 24 hrs. It is good to get this info.
While you are at it, make sure you e-mail is up to date with D-ALPA too.
Log in to dal.alpa,org
Mypage
Update e-mail contact
Once again if you do not subscribe to the the e-mail updates I suggest you do.
DALnet Flight Operations Pilot
E-mail subscription Under the I-crew log on.
Third one in 24 hrs. It is good to get this info.
While you are at it, make sure you e-mail is up to date with D-ALPA too.
Log in to dal.alpa,org
Mypage
Update e-mail contact
04-20-2010, 01:38 PM
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Interesting nuggets in the CVG memo. Reserve Roulette seems crazy. Why the heck would someone do that? 
04-20-2010, 01:50 PM
Inventory survival kit ..
Joined APC: Jul 2008
Position: Seeking no jacket required rotations
Posts: 1,069
Because of The way short call is assigned and because some pilots that were blockholders under fNW rules were forced to Reserve under DAL staffing rules.
They were the junior blockholders that used to take the 68 hours of pay to sit reserve at home.
Now we have commuters on Reserve that get a SC day, they show up for SC, they commute home on a 3 hour flight, to find a message from scheduling that they are on SC the very next morning.
SC needs to be tweaked because guys that were forced to reserve without being allowed to bid off to another plane where they could be blockholder (BP5), end up calling in sick for SC rather than be fatigued. Some improvements were mentioned in an earlier post. The randomness of SC assignment seems to be a big factor.
Just my opinion.
04-20-2010, 02:06 PM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
04-20-2010, 02:15 PM
Gets Weekends Off
Joined APC: Apr 2009
Posts: 917
I like the way you think. I did just that. I normally do not trade DAL, but I wiil be buying a chunk (watching it now) . I still see 18 by the end of the year. Depending on the resistance, and a few other factors I may opt to keep my shares they gave. (Yes, I did not sell them. I keep the faith
) The stock was just upgraded and as they have stated. I am of the same opinion.
As you state, DYODD.
I have heard we MUST sell it prior to the new choices or it will be sold and placed into one of the predesignated funds.....any truth to this?
What are the opinions out there on these changes?
04-20-2010, 02:18 PM
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,743
SC needs to be tweaked because guys that were forced to reserve without being allowed to bid off to another plane where they could be blockholder (BP5), end up calling in sick for SC rather than be fatigued. Some improvements were mentioned in an earlier post. The randomness of SC assignment seems to be a big factor.
I know I could of bid to DTWDC9B if I wanted to avoid commuting and reserve, but I made a choice to stay on my equipment.
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