Any "Latest & Greatest" about Delta?
09-23-2011, 10:52 AM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
Elvis,
What you see is mostly a reaction to oil prices and the fact that manipulative traders like Goldman Sachs (who use our tax money to bet against us) are getting their butts handed to them.
Airlines are not a counter trend trade for the overall economy. Just oil.
The market is foolish. Republic's stock is up today while insiders are dumping like an ER FO on his first day home from a 9 day after a breakfast of raisin bran. That even with the fact that most of RJET's fuel is a pass through cost.
What you see is mostly a reaction to oil prices and the fact that manipulative traders like Goldman Sachs (who use our tax money to bet against us) are getting their butts handed to them.
Airlines are not a counter trend trade for the overall economy. Just oil.
The market is foolish. Republic's stock is up today while insiders are dumping like an ER FO on his first day home from a 9 day after a breakfast of raisin bran. That even with the fact that most of RJET's fuel is a pass through cost.
09-23-2011, 10:56 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Jabber, I'm not considering it as an investment, I was simply highlighting the analyst's comment about airlines being "flush with cash" and on the rebound financially due to consolidation and capacity restraint. That tells me that the company complaining about financial woes during contract negotiations is simply a ploy to keep labor costs down.
09-23-2011, 10:58 AM
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,544
09-23-2011, 11:02 AM
Banned
Joined APC: Jul 2006
Position: Space Shuttle PIC
Posts: 2,007
Is it important to try to get extra insurance for retiring pilots prior to Medicare age? I think so. A lot of the geezers still flying don't want to pay cobra prices for them and their spouse. I say help them out until Medicare age, and then no more. It hopefully would increase geezers going out the door where they should be already, golfing in Flar-i-dah.
09-23-2011, 11:03 AM
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
09-23-2011, 11:08 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Is it important to try to get extra insurance for retiring pilots prior to Medicare age? I think so. A lot of the geezers still flying don't want to pay cobra prices for them and their spouse. I say help them out until Medicare age, and then no more. It hopefully would increase geezers going out the door where they should be already, golfing in Flar-i-dah.
Just my opinion here, but isnt DAL big enough to self insure? Yes
Does DAL self insure? Yes
UHC administers DALs insurance program
Health insurance improvements are a no cost item which structured as they are put a price tag on the insurance. It is really no different that the fee for departure contracts outsourced to DCI. We bear the cost, but charge ourselves for the program to make the books prettier.
I repeat, no cost to change the system. However, an accountant could/would disagree.
There will be a short countdown after which I will be told how oh so wrong I am.
09-23-2011, 11:11 AM
Gets Weekends Off
Joined APC: Oct 2010
Position: Decoupled
Posts: 922
Just my opinion here, but isnt DAL big enough to self insure? Yes
Does DAL self insure? Yes
UHC administers DALs insurance program
Health insurance improvements are a no cost item which structured as they are put a price tag on the insurance. It is really no different that the fee for departure contracts outsourced to DCI. We bear the cost, but charge ourselves for the program to make the books prettier.
I repeat, no cost to change the system. However, an accountant could/would disagree.
There will be a short countdown after which I will be told how oh so wrong I am.
Does DAL self insure? Yes
UHC administers DALs insurance program
Health insurance improvements are a no cost item which structured as they are put a price tag on the insurance. It is really no different that the fee for departure contracts outsourced to DCI. We bear the cost, but charge ourselves for the program to make the books prettier.
I repeat, no cost to change the system. However, an accountant could/would disagree.
There will be a short countdown after which I will be told how oh so wrong I am.
Last edited by johnso29; 09-23-2011 at 05:17 PM.
09-23-2011, 11:14 AM
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,544
Haven't gotten to the actual survey yet because I'm still shaking my head over this part of the email:
Note: Questions 28 and 29 concern pay rate increases and ask you to enter a number. You should answer each question with a two-digit number, e.g. express 5% as 05, 12% as 12, etc.
Don't you just love DALPA's template? The fact that they even talk about how to express a single digit pay rate increase is ridiculous enough. But what example do they use for a two digit pay rate increase?...12%! Not 50%, not 80%? What about how to input a three digit desire?
If you don't think DALPA has already decided what they hope we'll demand, you're kidding yourself. DALPA is in full expectations management mode to ensure they can show that their minimalistic desires are really what the pilots wanted too.
Carl
Note: Questions 28 and 29 concern pay rate increases and ask you to enter a number. You should answer each question with a two-digit number, e.g. express 5% as 05, 12% as 12, etc.
Don't you just love DALPA's template? The fact that they even talk about how to express a single digit pay rate increase is ridiculous enough. But what example do they use for a two digit pay rate increase?...12%! Not 50%, not 80%? What about how to input a three digit desire?
If you don't think DALPA has already decided what they hope we'll demand, you're kidding yourself. DALPA is in full expectations management mode to ensure they can show that their minimalistic desires are really what the pilots wanted too.
Carl
Although I think you may be attacking ALPA unfairly on this one. I think they will gladly fight for 30, 50 or more percent raise, all the way up to 99% if that's what we want. You notice that you can't put in a triple digit number? There is a reason for that:
Whatever double digit percentage we put in we will get!!!!!!!!!! The catch is that same percentage will be the amount of current flying that we can further outsource. You know, cause airlines all the sudden can't buy planes anymore because of the debt, so we need to outsource them to fake airlines that take that debt with their only collateral being our long term iron clad co-signature on "their" loan.
So 99% raise means we get to keep 1% of our current flying. 30% raise means we only have to outsource 30 more percent of our flying, what a deal!
09-23-2011, 11:14 AM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
The DPA is being silly. First of all, a large percentage (majority?) of Delta's outsourced small jet flying is not performed by ALPA members. Secondly, in addition to the cost of recovering flying (if there is any) there is a very real cost in breaking a long term contract. Third, we don't desire a reduction in the number of jets flying, we desire an increase in the flying performed by Delta pilots. Parking three RJ's which results in the parking of a 767 does not do anyone good. What we need is to get away from this "CRJ bad" "717 good" thinking when in reality they are both airplanes designed for the same market and should be flown by pilots on one mainline list.
The DPA is building on their false platform with a meaningless demand.
Jabberwock stated it perfectly.
The DPA is building on their false platform with a meaningless demand.
Jabberwock stated it perfectly.
This is of course only the case for those of us crippled by having an association with ALPA.
Carl
09-23-2011, 11:14 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Orvil, the mkt has a case of the fridays. I suspect it will close where it opened. I am eyeballin ERX as a buy and hold realizing it may go lower. Thats my fuel hedging plan. Thinkin 30.72-30.92 prior to the close.
I'm not posting this for anyone to take personal action or as a recommendation. DYODD.
If I buy, I'll let cha know so everyone can see how badly i screwed up.
I'm not posting this for anyone to take personal action or as a recommendation. DYODD.
If I buy, I'll let cha know so everyone can see how badly i screwed up.
Last edited by johnso29; 09-23-2011 at 05:18 PM.
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