Details on Delta TA
05-14-2015, 06:40 PM
#4271
Gets Weekends Off
Joined APC: Dec 2009
Position: 7ERB
Posts: 2,039
oh no, you shouldn't feel upset over that number. Delta does not have $45 billion in debt, it has $7.4 billion in debt. Although, $15 billion of that is pension debt, but that's another issue. Liabilities are the cost of doing business paid for by revenue, or the delivery of a service. In other words, if i buy a ticket from you for say october of this year, it becomes a liability till you fly me to where i'm going. There is a breakdown of just what it all is in the sec filings. The key number is the $7.4 billion because that must be paid.
ten
05-14-2015, 06:52 PM
#4272
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
I love seeing these kinds of posts!!! For the last few years the company has been doing these things to increase the stock price. And they mostly have been good for the company and her employees. But the true beneficiaries have been the shareholders and those individual shareholders that benefit the most are the Management people. Now, this $5,000,000,000 buy back during negotiations when we are way behind in terms of buying power is a personal insult to me.
I've been a good soldier, took a three year furlough and returned as a more rounded individual after the first pay cut, took a second pay cut during BK and wondered if I should have stayed out a little longer. After the merger I moved backwards a little in my catagory, bounced around the bases looking for a little seniority, stagnated more because of age 65 and now the stars have aligned to start providing us 40-50 year old 14-18 years of service FO's and Jr Captains with the careers we worked so hard for over the past 25-30 years, and the company decides to spend 5 BILLION dollars to take care of the loyal shareholders (Themselves) without making us whole first? I don't think so! They better have another check for 5 Billion on C.E Wollman's desk for the pilots with a little note saying "thank you for keeping this company afloat during Bankruptcy.
If not now, when? There will not be another opportunity in our careers to recapture what we lost, like we have before us right now, and if the NC brings us any less than C2000+, heads are going to roll.
That's not a threat 80K, don't ban me, bro. Just a rant.
And as Mesabah said, the company is executing this share buy back and double down dividend because they have too much money....but yet since before C2012 they've been terrified to pay us more because of what Wall Street might do. FU, Pay Me!!!
Ok I'm done ranting. Have a great night guys and girls.
I've been a good soldier, took a three year furlough and returned as a more rounded individual after the first pay cut, took a second pay cut during BK and wondered if I should have stayed out a little longer. After the merger I moved backwards a little in my catagory, bounced around the bases looking for a little seniority, stagnated more because of age 65 and now the stars have aligned to start providing us 40-50 year old 14-18 years of service FO's and Jr Captains with the careers we worked so hard for over the past 25-30 years, and the company decides to spend 5 BILLION dollars to take care of the loyal shareholders (Themselves) without making us whole first? I don't think so! They better have another check for 5 Billion on C.E Wollman's desk for the pilots with a little note saying "thank you for keeping this company afloat during Bankruptcy.
If not now, when? There will not be another opportunity in our careers to recapture what we lost, like we have before us right now, and if the NC brings us any less than C2000+, heads are going to roll.
That's not a threat 80K, don't ban me, bro. Just a rant.
And as Mesabah said, the company is executing this share buy back and double down dividend because they have too much money....but yet since before C2012 they've been terrified to pay us more because of what Wall Street might do. FU, Pay Me!!!
Ok I'm done ranting. Have a great night guys and girls.
Couple of minor points.
In addition to the $5 billion in stock buy backs by the end of 2017 and $1 billion in increased dividends, Delta will pay $750 million in the current quarter to complete the last repurchase early.
There is no excuse in the world not to exceed the 2004 hourly rates 1/1/16 without touching proft sharing. No self funding.
One penny less must result in 13,000 no votes. We will have a better deal in 48 hours. Our execs are in a rush. Don't settle for less.
05-14-2015, 07:13 PM
#4273
Line Holder
Joined APC: Oct 2010
Position: 320B
Posts: 46
Excellent post! Says it all.
Couple of minor points.
In addition to the $5 billion in stock buy backs by the end of 2017 and $1 billion in increased dividends, Delta will pay $750 million in the current quarter to complete the last repurchase early.
There is no excuse in the world not to exceed the 2004 hourly rates 1/1/16 without touching proft sharing. No self funding.
One penny less must result in 13,000 no votes. We will have a better deal in 48 hours. Our execs are in a rush. Don't settle for less.
Couple of minor points.
In addition to the $5 billion in stock buy backs by the end of 2017 and $1 billion in increased dividends, Delta will pay $750 million in the current quarter to complete the last repurchase early.
There is no excuse in the world not to exceed the 2004 hourly rates 1/1/16 without touching proft sharing. No self funding.
One penny less must result in 13,000 no votes. We will have a better deal in 48 hours. Our execs are in a rush. Don't settle for less.
Last edited by jetnwa; 05-14-2015 at 07:27 PM.
05-14-2015, 07:40 PM
#4274
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
I'm sure my good friend Karnak will be back to tell us how the NMB is slated for management. I suggested to my Reps they should view the situation as if they were US Senators. Methodical, deliberate and LOTS of "debate" Let's take our time as a Senator would. Slow, deliberate... what's the rush? The word of the day is "Filibuster".
Carl
05-14-2015, 08:16 PM
#4275
Gets Weekends Off
Joined APC: Aug 2007
Posts: 328
Excellent post! Says it all.
Couple of minor points.
In addition to the $5 billion in stock buy backs by the end of 2017 and $1 billion in increased dividends, Delta will pay $750 million in the current quarter to complete the last repurchase early.
There is no excuse in the world not to exceed the 2004 hourly rates 1/1/16 without touching proft sharing. No self funding.
One penny less must result in 13,000 no votes. We will have a better deal in 48 hours. Our execs are in a rush. Don't settle for less.
Couple of minor points.
In addition to the $5 billion in stock buy backs by the end of 2017 and $1 billion in increased dividends, Delta will pay $750 million in the current quarter to complete the last repurchase early.
There is no excuse in the world not to exceed the 2004 hourly rates 1/1/16 without touching proft sharing. No self funding.
One penny less must result in 13,000 no votes. We will have a better deal in 48 hours. Our execs are in a rush. Don't settle for less.
Zero concessions. Period. Or I vote NO.
If DALPA screws this up they will be done.
"If not us, who? If not now, when?" - John Fitzgerald Kennedy
05-14-2015, 08:59 PM
#4276
Gets Weekends Off
Joined APC: Jul 2011
Posts: 273
Did you know that they are required to own stock as part of their employment contracts?
Source - Delta Air Lines Notice of Annual Meeting (sent to all stock holders)
Stock Ownership Guidelines. Delta’s stock ownership guidelines strengthen the alignment between executive officers and stockholders. Under these guidelines, which were significantly enhanced in 2013 as explained on page 25 of this proxy statement, the current executive officers are required to own the shares of Delta common stock equal or greater to:
Shares Equal to a Multiple of Base Salary
CEO 8x or 400,000
President 6x or 200,000
Executive Vice Presidents 4x or 150,000
In addition, each executive officer must hold at least 50% of all net shares received through restricted stock vesting or realized through stock option exercises until the stock ownership guidelines applicable to the executive officer are achieved. For these purposes, net shares means all shares retained after applicable withholding of any shares for tax purposes and stock ownership includes shares (including restricted stock) owned directly or held in trust by the executive officer or an immediate family member who resides in the same household. It does not include shares an executive officer has the right to acquire through the exercise of stock options.
Shares Equal to a Multiple of Base Salary
CEO 8x or 400,000
President 6x or 200,000
Executive Vice Presidents 4x or 150,000
In addition, each executive officer must hold at least 50% of all net shares received through restricted stock vesting or realized through stock option exercises until the stock ownership guidelines applicable to the executive officer are achieved. For these purposes, net shares means all shares retained after applicable withholding of any shares for tax purposes and stock ownership includes shares (including restricted stock) owned directly or held in trust by the executive officer or an immediate family member who resides in the same household. It does not include shares an executive officer has the right to acquire through the exercise of stock options.
05-15-2015, 04:42 AM
#4277
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
You might as well be done now. Every contract involves some give and take. If we walked in and said zero concessions and here is a list of our demands you would work under this contract for the rest of your career. The NMB would not even bother to ice us like American. They would refuse us even entering the mediation process.
05-15-2015, 05:53 AM
#4278
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
You might as well be done now. Every contract involves some give and take. If we walked in and said zero concessions and here is a list of our demands you would work under this contract for the rest of your career. The NMB would not even bother to ice us like American. They would refuse us even entering the mediation process.
Obviously Apple's CEO is an ignorant fool who needs Sailing lessons!
05-15-2015, 05:55 AM
#4279
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
You might as well be done now. Every contract involves some give and take. If we walked in and said zero concessions and here is a list of our demands you would work under this contract for the rest of your career. The NMB would not even bother to ice us like American. They would refuse us even entering the mediation process.
Either party can request mediation at ANY time. The other party CANNOT refuse.
05-15-2015, 06:05 AM
#4280
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
Funny, he sold me one and gave me a military discount just for asking! Somehow I missed the part where he fell under the RLA.
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