Originally Posted by tsquare

Fair enough. I would still like to ask them if they made the right decision in a few years though. There could be furloughs at FedEx.. or SWA.. or wherever they went.. but I think DAL is going to take off like a rocket when that debt number gets below $10B.. we will see....

Originally Posted by acl65pilot

World just furloughed 25 and their holding company is in CH11.

I would not use World as an example as to where to bail to. A few foreign carriers that have growth for the next decade, or FDX and possibly SWA. FDX and SWA have their own issues coming; FDX with unmanned drones carrying cargo(yes its coming) and cabotage, and SWA with the fact that they are at the top and no one is jumping over them, yet.

Oh and apparently ATL and MIA are on the short list of American cities that EK will be flying to. Wonder how our DXB flights will fare once that happens.

Originally Posted by Cubdrick

What is DALs current debt?

When is it anticipated to go below $10B?

Has the debt pay down been on a regular schedule, or more sporadic as dollars are available?

Thanks!

Originally Posted by FIIGMO

Hmmmm, makes sense from a 4th floor type we had in the jumpseat not long ago! Said DAL likes the charter business so much that they were looking to find another opportunity soon. Not World, but that other little entity they have North American all 767-300ER AND 757'S....

Price might just be right! And they have a lot of Gov contracts. Just sayin!

Originally Posted by tsquare

i wish you would get hired there.

Originally Posted by johnso29

I saw a NA bird at our hangar this past Saturday.
I'm guessing they contract our MX though.

Originally Posted by Rudder

OK so we pay down the debt below 10B and then we are magically going to "take off" sending us right back into the debt that we just paid down? I do not buy that one other than with a lower debt level our interest rates on debt might be lower but then they would just go back up when our debt levels climbed as well.

Originally Posted by acl65pilot

-7900 a month income w/flight pay:tax free
-3900 housing allowance
-About a 1000 dollar a month education allowance.
-All utilities except internet paid for
-about 2000 a month in profit sharing
-42 days of vacation a year
-Annual leave PS ticket for you and your family anywhere EK flies
-15% in to a retirement fund.

That equates to 14800 a month all tax free.


Tax free only if you are physically on foreign soil for at least 330 days of the year....42 days of vacation, what a deal. One second under the 330 days - no Foreign Earned Income Exclusion.

Foreign Earned Income Exclusion - Physical Presence Test

330 Full Days

Generally, to meet the physical presence test, you must be physically present in a foreign country or countries for at least 330 full days during the 12-month period. You can count days you spent abroad for any reason. You do not have to be in a foreign country only for employment purposes. You can be on vacation time.

You do not meet the physical presence test if illness, family problems, a vacation, or your employer's orders cause you to be present for less than the required amount of time. Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from source within such a country for services performed during a period of violation does not qualify as foreign earned income.

However, the minimum time requirement can be waived if you must leave a foreign country because of war, civil unrest, or similar adverse conditions in that country. You must be able to show that you reasonably could have expected to meet the minimum time requirements if not for the adverse conditions, and that you had a tax home in the foreign country and were a bona fide resident of, or physically present in, the foreign country on or before the beginning date of the waiver.

Full Day

A full day is a period of 24 consecutive hours, beginning at midnight. You must spend each of the 330 full days in a foreign country. When you leave the United States to go directly to a foreign country or when you return directly to the United States from a foreign country, the time you spend on or over international waters does not count toward the 330-day total.