Barracuda

I am wondering about the company match. If, let's say the first week in 09 we get the money deposited in our accounts and our 401k is maxed out, I know, probably will not happen. Is the company still going to contribute to our Defined benefit via income on our paychecks, or, have they fulfilled their obligation? is there anything on paper about this?

capncrunch

I believe, once the 401K is maxed the rest is paid to you via your paycheck.

Justdoinmyjob

That is how they did it for the note and claim.

GunshipGuy

What's the likelihood the PCS swap multiplier will be set at 1.5 across the board again for Jan? What's the cost to the company if they set it at 1.5 every month--anything?

iaflyer

Someone posted at FI a picture of a DC-9-50 in Delta colors: http://i44.tinypic.com/2ahzccy.jpg

slinky

Cool. Ah, what is that white stuff called?

acl65pilot

I bet that the 88 will be. The 767B was not for December and I took full advantage of it. On Friday I start a stint of two and a half weeks off.

RockyBoy

Delta may offer up to 18.2M shares through Citi - Yahoo! Finance

Again, why should we care about hurting the share price when the company and executives could care less? Down 2% today because they are going to dump 18 million shares. Why don't they sell those shares "off market" to protect the share price? It looks like they are selling it "from time to time" so I think we should do the same thing and not sell it for a discount just to protect the share price.

Bigflya

These shares offered are the ones that DAL employees got in connection with the merger. They just don't have a union to give them to to do the selling. The article stated that Citi will/can sell them in a variety of ways and over time. Our shares were to be sold quickly in a short time by our hired agent. Mgmt is not dumping shares on the open mkt all at once. If we did that our total amt of $$ would be crushed as the market could not take such a sale and the bid/offer share price would continually decline to meet the total selling share block. That would hurt our final payout. Selling the entire block, even with a slight discount for them assuming the risk, is better. A share price collapse triggers debt covenents. This is what puts otherwise solvent companies into bk. They do not have the immediate cash to repay the triggered debt. Then we all go down with the ship. I personally wouldn't mind the shares. I think our prospects 12-18 months out will yield a better share price if we are in fact profitable in 2009.

RockyBoy

OK, I'm following ya. I think I would also rather have the shares instead of the cash from the sell. I can sell them myself for alot less than the discount a mutual fund or hedge fund will want to buy them off market.