LandGreen2

yup...for $605 you get a TSO headset for work, and an awesome set of noise cx earphones for DH, commuting, home and layover. If you dont get the TSO, which is only $80, you just wear the DC's when the feds are onboard or you are flying with a tool.

sailing...you aren't one of those guys checking for stickers are you??

Carl Spackler

You'll all have to excuse alfaromeo here. He lied to us a few days ago and I called him on it. So, as always, he refuses to answer the original question and lashes out against anyone who questions the MEC bureaucrat. The following is for the others who are NOT trying to deflect and change the subject:

All data available on the respective corporate balance sheets as of 9/30/2011:

Total Assets: DAL = $43.0 Billion, AMR = $24.7 Billion
This makes AMR about 43% smaller than DAL. In other words, you need to multiply an AMR datapoint by 1.74 to make it comparable. For example, take AMR assets of $24.7 Billion and multiply it by 1.74 and you get DAL assets of $43 Billion. Now, lets start the comparisons:

Total Liabilities: DAL = $41.8 Billion, AMR = $29.6 Billion. Multiply $29.6 Billion by 1.74 and you get $51.5 Billion. That's $10 Billion more liability than they should have compared to Delta.

Long and Short Term Debt: DAL = $14.5 Billion, AMR = $11.7 Billion. Multiply $11.7 Billion by 1.74 and you get $20.4 Billion. That's $5.9 Billion more Long and Short Term Debt than they should have compared to Delta.

Delta Assets = $43.0 Billion, Liabilites = $41.8 Billion. $1.2 Billion LESS.
AMR Assets = $24.7 Billion, Liabilities = $29.6 Billion. $4.9 Billion MORE.

This is why I assert that AMR is where they are (bankruptcy court) because of a debt problem. NOT a lack of Joint Ventures and code share as alfaromeo asserts.

Again, all data readily available on the web if anyone wants to check it out for themselves.

Carl

slowplay

About $66.5 million will go to USAirways as part of the slot swap transaction. Delta keeps the rest.

Carl Spackler

Nice way for an MEC bureaucrat to talk to the members that pay his flight pay loss...ain't it.

The "tactic" that you so roundly criticize of fighting hard and demanding the best for your troops worked really well at SWA, UPS and FDX. But you call it "doodly squat". MEC bureaucrat-speak at its best.

Carl

Carl Spackler

You're the only one talking about following the "steam rolled" examples alfaromeo. The rest of us are talking about following the examples of SWA and FDX. The sad fact is that while we're studying those successful examples, you MEC bureaucrats are busy mischaracterizing them in the hopes of getting us the results of the "steam rolled." All the flight pay loss in the world couldn't make me do what you do here alfaromeo.

Carl

slowplay

As usual, you're clueless to the facts. You continue your bush(wood) league attacks to blow up your own golf course, just as in your movie.

The "bureaucrats" you malign while taking a swipe at me came into office after the tough typists like you had given away 32.5% of our pay. Those tough guys had typed how they were going to protect the pension, then were stunned when it went into liquidity shortfall. Then that group told everyone to "remain calm, all is well," then jumped into early retirement and the PRP program in the 3 months prior to bankruptcy. Real tough, those guys.

Those bureaucrats then salvaged $1.3 billion in real cash from the equity claim and another $650 million when the pension terminated. They got 3 years of 415C contributions to the retirement plan pre-tax, and helped get a Roth option for the total value of the remainder. They fought off a hostile takeover that would have furloughed 1500 of the 6800 remaining Delta pilots. They helped engineer a merger with another post-bankruptcy airline that increased compensation for their members by 22% and put 50 million shares of company stock in their pockets. And except for companies that haven't gone bankrupt (like FedEx, UPS, and SWA) the pay they negotiated leads the rest of the passenger industry. Oh, and Delta was the only legacy airline not to furlough during the 2008 economic downturn.

I'll take those type of bureaucrats over a keyboard ninja like you anyday. With your history, you must be so proud...

"Crushing our hopes"... that's rich. You must be one really weak dude.

Carl Spackler

We showed you MEC bureaucrats our latest creative idea with the Flight Pay Loss resolution. The MEC responded to us and our LEC reps by telling us to shove the resolution. So now it's dead. It was far too important for the MEC to keep hidden what MEC bureaucrats like you get paid.

Like 4,000 others of my Delta brothers, my next creative idea is to vote in an in-house union. This will get you back to the Brazil trips that you want so bad.

Carl

gloopy

What's his name?

Schwanker

Carl,
First off, I agree with you 90+ % of the time. One question on the balance sheet as it does give me cause for concern. Maybe you can help.

Asset - Approx 9.8B in goodwill

Ours is much larger than others (AMR has none).

Is this really an asset and how is it calculated?
UAL is 4.5B...

Just asking (trying to understand)

Carl Spackler

And someone always wants to deflect away from what the JURY said. The JURY said that ALPA is guilty of misrepresenting the TWA pilots. Not blaming somebody else, guilty of misrepresenting their own pilots. TWA pilots.

Sure not the case at United. That was millions. Sure not the case with ALPA's own in-house union of clerical workers. They got $800,000.

Pure speculation on your part.

Funny you should mention it. The court is in the process of doing just that.

Pure speculation on your part. But speculation that is required if you want to continue to apologize for a union found GUILTY of misrepresenting their own members at TWA.

Carl