Details on Delta TA
10-16-2014, 08:11 PM
#2881
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
If Delta makes $4Billion, I think the employees should get $2 Billion of that. You KNOW the other $2 Billion is going to share holders.
10-17-2014, 08:14 AM
#2882
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
At this point in time I agree. But what about the next downturn? DAL has to weather the next economic downturn and produce profits in order to be considered a "good transportation company" and not just an "airline". That is the goal. But what if they are not successful? I will say that at this point in time I like profit sharing and that it shouldn't really be on the table in C15. However... when things turn south, we might not be so hasty to put it into the untouchable category. The interesting thing is that when that downturn DOES occur, management will be more than willing to keep or even raise it.
10-17-2014, 09:32 AM
#2883
Gets Weekends Off
Joined APC: Dec 2009
Position: 7ERB
Posts: 2,039
At this point in time I agree. But what about the next downturn? DAL has to weather the next economic downturn and produce profits in order to be considered a "good transportation company" and not just an "airline". That is the goal. But what if they are not successful? I will say that at this point in time I like profit sharing and that it shouldn't really be on the table in C15. However... when things turn south, we might not be so hasty to put it into the untouchable category. The interesting thing is that when that downturn DOES occur, management will be more than willing to keep or even raise it.
TEN
10-17-2014, 09:43 AM
#2884
Gets Weekends Off
Joined APC: Jul 2010
Position: 7er
Posts: 1,673
I think having no profit sharing would be a HUGE mistake, for two reasons:
1. Profits going forward are going to be huge, now that there are only 3 Major US Carriers, and little or no undercutting of each other. Reduced competition PLUS the falling price of fuel will guarantee big profits...at least until the next 'economic downturn'.
2. Profit Sharing is a GREAT motivator to get employees to work harder. With profit sharing they are 'vested' in the operation and when it comes down to doing a good job, or just punching out and going home, they will try just a little bit harder. And, it is right that they should share in the success they created.
1. Profits going forward are going to be huge, now that there are only 3 Major US Carriers, and little or no undercutting of each other. Reduced competition PLUS the falling price of fuel will guarantee big profits...at least until the next 'economic downturn'.
2. Profit Sharing is a GREAT motivator to get employees to work harder. With profit sharing they are 'vested' in the operation and when it comes down to doing a good job, or just punching out and going home, they will try just a little bit harder. And, it is right that they should share in the success they created.
10-17-2014, 01:08 PM
#2885
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
And that is why I despise 4833. C12 should have netted us more. Anyone who thinks this current trajectory in profits is going to continue is "High". Also, with the upcoming downturn (I dont know when), we will be sought after to take pay-cuts and contract relief. We are about one contract too late, in my opinion.
TEN
TEN
how on God's green earth do you or anybody else think we are gonna get your vaunted "restoration"? SOmebody has to raise the bar, significantly n order for us to do that. "Me too" clauses don't do **** to help us achieve our objective.
10-17-2014, 03:33 PM
#2887
At home on the maddog!
Joined APC: Mar 2009
Position: ATL MD-88A
Posts: 2,874
... but how about WE raise the bar more than slightly better than BK+COLA?I know it's a lot and it won't be easy. But if not us, then who? Do you really think if we wait for somebody else to do it, that it's ever going to happen? We've set the tone and provided the leadership for this profession for the past decade. And the tone we've set and the leadership we've provided says that we don't ever expect to restore the buying power of our compensation. It says we've accepted bankruptcy as a reset and only expect "reasonable" improvements to that new baseline.
You can't have it both ways, T. Either your goal is restoration... which means you have to put on your big boy pants and not be afraid to say it. Or you're goal is something far short of that. It seems clear which way you lean. You want to pay lip service to restoration every now and then, but then every argument you make is counter to it. Might as well just go ahead and wave that white flag (while wearing your life preserver in case somebody else rocks the boat).
10-17-2014, 03:50 PM
#2888
Gets Weekends Off
Joined APC: Jul 2010
Position: 7er
Posts: 1,673
I'm no Obama fan or cheerleader but our economy is doing much better today than it was the day he took office. You can't say the same thing for GWB. We were in very deep recession the day Bush left office. Some economists even say we were borderline depression. Go ahead spin away 
10-17-2014, 04:58 PM
#2889
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
Pay raise vs. profit sharing...
The CEO club always wants to pitch it as an 'either-or' proposition.
Chose one.
But it doesn't have to be a choice.
You can have BOTH.
Employees SHOULD have BOTH!
First off, you need a 3% raise every year, just to keep up with inflation.
Second off...WHO took a huge pay cut to save Delta and American and United?
WHO?
Yeah, the EMPLOYEES!
THAT is why they should always share in the wealth their sacrifices produced.
AND they should have raises, above a cost of living increase, to recover from the pay cuts.
Of course nobody in the CEO club will see it that way. They are paid with stock options. They would rather give that money to the share holders, to run the stock price up, so in effect, they can transfer your sacrifices to their pockets.
The CEO club always wants to pitch it as an 'either-or' proposition.
Chose one.
But it doesn't have to be a choice.
You can have BOTH.
Employees SHOULD have BOTH!
First off, you need a 3% raise every year, just to keep up with inflation.
Second off...WHO took a huge pay cut to save Delta and American and United?
WHO?
Yeah, the EMPLOYEES!
THAT is why they should always share in the wealth their sacrifices produced.
AND they should have raises, above a cost of living increase, to recover from the pay cuts.
Of course nobody in the CEO club will see it that way. They are paid with stock options. They would rather give that money to the share holders, to run the stock price up, so in effect, they can transfer your sacrifices to their pockets.
Carl
10-17-2014, 05:07 PM
#2890
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
I'm no Obama fan or cheerleader but our economy is doing much better today than it was the day he took office. You can't say the same thing for GWB. We were in very deep recession the day Bush left office. Some economists even say we were borderline depression. Go ahead spin away
No spin... just facts. Welfare recipients... way up. Median incomes... down. National debet/deficit... off scale high and accelerating. All verifiable fact that happened under current administration.
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