Any "Latest & Greatest" about Delta?
07-28-2011, 05:50 AM
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07-28-2011, 05:56 AM
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07-28-2011, 06:08 AM
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As for the taxes and fees are industry sustains to the federal coffers, I would really like to see an exact annual budget for the FAA on an annual basis.
I mean we pay $1.642 Billion every from our ticket sales, and that seems really big numbers. I understand the agency cannot sustain itself to run and needs revenue coming in for various projects and needs, but collecting $1.642 Billion off the hard work of our employs seems exploitative to me.
07-28-2011, 06:23 AM
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07-28-2011, 06:26 AM
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Check, agreed! It is something to think about
BTW, anyone going to the MEC road show today in ATL?
BTW, anyone going to the MEC road show today in ATL?
07-28-2011, 06:29 AM
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"It continued: “We urge the nation’s airlines to put all of the profits that they are making from the lapse of the aviation taxes into an escrow account” so they can be transferred back into the government’s Airport and Airway Trust Fund when Congress reinstates the taxes, adding that “our nation’s aviation system cannot afford to have this tax revenue siphoned off by the industry.”
I think this is the real key. None of the airlines believe that the govt. is just going to let this money go. They are going to come after it once the FAA gets funding. Then it would just come out of the bottom line. I heard at the crew lounge visit yesterday that this is exactly what we are doing. We are putting the money in escrow so that when the govt. comes looking for it we will have it. Just a another way for the govt to shift the focus off of them. Why this isn't our official statement is beyond me. We sure are getting bad press of this.
I think this is the real key. None of the airlines believe that the govt. is just going to let this money go. They are going to come after it once the FAA gets funding. Then it would just come out of the bottom line. I heard at the crew lounge visit yesterday that this is exactly what we are doing. We are putting the money in escrow so that when the govt. comes looking for it we will have it. Just a another way for the govt to shift the focus off of them. Why this isn't our official statement is beyond me. We sure are getting bad press of this.
07-28-2011, 06:34 AM
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Any other tidbits from the crew room chat? I was too busy cleaning the house to go......
07-28-2011, 06:55 AM
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Reserve question.....
Does the RAW score on top of your schedule include rotations placed on your schedule that you have not flown yet?
07-28-2011, 07:00 AM
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07-28-2011, 07:20 AM
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This goes back to a topic we have touched on in the past. Its possible that major airlines are no longer intended to make money for their stockholders. They are public utilities. Delta is a cash cow for other interests and is never really going to be profitable for any length of time. The only people really making "profit" from delta range from bondholders and credit card companies to peanut vendors to hotels and tax collectors. The institutional stockholders of Delta are nothing but place holders and the average investors are sacrificial lambs.
Management gives lip service to making profits for stockholders but they know the system is rigged. They have their hand in the stream. They get their million dollar salaries.
That may be why SWA never used their enormous fuel hedge windfall of the last few years to generate huge profit. Instead they used it to cut fares and try to drive down profitability in the entire industry and maybe put some people out of business.
We need top keep this in mind during negotiations. It is a mistake to think Delta needs to be profitable to pay us what we deserve. We need to view our salaries as a fixed cost to the airline just like rent or maintenance.
Management gives lip service to making profits for stockholders but they know the system is rigged. They have their hand in the stream. They get their million dollar salaries.
That may be why SWA never used their enormous fuel hedge windfall of the last few years to generate huge profit. Instead they used it to cut fares and try to drive down profitability in the entire industry and maybe put some people out of business.
We need top keep this in mind during negotiations. It is a mistake to think Delta needs to be profitable to pay us what we deserve. We need to view our salaries as a fixed cost to the airline just like rent or maintenance.
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