Details on Delta TA
06-10-2015, 02:38 PM
#7371
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,614
IF this gets to memrat AND passes, I'm going to sneeze on the throttles every time I fly with a pilot who voted "YES".
How do I make one one of those XTRAMORMAL videos?
Trip Sign In Day 1.
Me: "Hi, Nice to meet you. Do you have kids?, commute?, vote YES to C2015?
Capt: "Yes to all three"
Me: "Achoo"
Capt: "Are you sick?"
Me: "Not since C2012..."
How do I make one one of those XTRAMORMAL videos?
Trip Sign In Day 1.
Me: "Hi, Nice to meet you. Do you have kids?, commute?, vote YES to C2015?
Capt: "Yes to all three"
Me: "Achoo"
Capt: "Are you sick?"
Me: "Not since C2012..."
06-10-2015, 02:43 PM
#7372
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Sailing that would make my day.
06-10-2015, 02:49 PM
#7373
Gets Weekends Off
Joined APC: Feb 2014
Posts: 463
DALPA needs to quit defending the indefensible. If you are a rep and you are reading this, take it back. If you care at all about this pilot group, take it back. If you care about your reputation and how you will forever be viewed by those you represent, take it back.
Every single person I have talked with is happy set the parking brake and enter traditional negotiations while cashing profit sharing checks (that keep growing). Gutting the contract isn't worth the meager, self funded pay raise.
Every single person I have talked with is happy set the parking brake and enter traditional negotiations while cashing profit sharing checks (that keep growing). Gutting the contract isn't worth the meager, self funded pay raise.
06-10-2015, 02:50 PM
#7374
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Delta Air Lines Inc Stock: Profit Sharing Reduction Helps Offset 15% Increase, Says Credit Suisse
Looks like the investors get it.
Looks like the investors get it.
According to a research note published on Wednesday, Credit Suisse weighs-in on tentative pilot agreement while reiterating an Outperform rating on Delta Air Lines, Inc. (NYSE
AL) stock with a price target of $57. The sell-side firm believes that 15% increase in fixed rates should offset by 20% profit sharing threshold increase from $2.5 billion to $6 billion.
Details of the tentative pilot agreement were released today ahead of the Master Executive Council (MEC) voting this week on whether to send the agreement to the membership for ratification. With the release of details before a closed vote shows that MEC members will ratify the agreement over the next several weeks, which allows Delta to reach an agreement with its pilots approximately six months ahead of the amendable date.
Credit Suisse noted that the fixed increase of 15% by the amendable date is slightly more than it expected, but the profit sharing offset is more significant at this point. With the 20% profit sharing threshold moving to $6 billion for all employees, the firm expects approximately $500 million of potential savings, compared to $2.5 billion of threshold. The firm believes that this will be large enough saving to offset the fixed increase of 15% for pilots, giving extra cost of approximately $400 million.
According to Bloomberg, 15 analysts recommend a Buy on Delta Air Lines stock, two mark a Hold, and only one tags a Sell. The consensus 12-month target price on the stock is $58.15, showing an upside potential of 41.14% on the current trading price. The stock is currently trading up 1.18% at $41.2 as of 12:41 PM EDT.
AL) stock with a price target of $57. The sell-side firm believes that 15% increase in fixed rates should offset by 20% profit sharing threshold increase from $2.5 billion to $6 billion.Details of the tentative pilot agreement were released today ahead of the Master Executive Council (MEC) voting this week on whether to send the agreement to the membership for ratification. With the release of details before a closed vote shows that MEC members will ratify the agreement over the next several weeks, which allows Delta to reach an agreement with its pilots approximately six months ahead of the amendable date.
Credit Suisse noted that the fixed increase of 15% by the amendable date is slightly more than it expected, but the profit sharing offset is more significant at this point. With the 20% profit sharing threshold moving to $6 billion for all employees, the firm expects approximately $500 million of potential savings, compared to $2.5 billion of threshold. The firm believes that this will be large enough saving to offset the fixed increase of 15% for pilots, giving extra cost of approximately $400 million.
According to Bloomberg, 15 analysts recommend a Buy on Delta Air Lines stock, two mark a Hold, and only one tags a Sell. The consensus 12-month target price on the stock is $58.15, showing an upside potential of 41.14% on the current trading price. The stock is currently trading up 1.18% at $41.2 as of 12:41 PM EDT.
06-10-2015, 02:55 PM
#7376
Gets Weekends Off
Joined APC: Apr 2008
Position: DAL FO
Posts: 2,169
06-10-2015, 02:57 PM
#7378
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Good debate. Reps speaking passionately on both sides.
Gut feeling from the cheap seats:
It's going to pass.
Some of the yes votes don't necessarily like it but they feel that they must let the line pilots make the final call.
Gut feeling from the cheap seats:
It's going to pass.
Some of the yes votes don't necessarily like it but they feel that they must let the line pilots make the final call.
06-10-2015, 03:00 PM
#7379
Gets Weekends Off
Joined APC: Apr 2014
Posts: 1,111
Any rep pushing a yes vote on this TA needs to be recalled. Including MEC chairman.. They obviously have a different view on what is acceptable compared to the vast majority of the line pilots.
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