Details on Delta TA
06-12-2015, 08:12 AM
#7992
Gets Weekends Off
Joined APC: May 2012
Posts: 1,418
If I'm reading this right you are being disingenuous with your numbers. Based on Deltas own projected profits, subtract out 5.75% which we would get for profit sharing. We also have a "me too" clause (which will also get gutted) that, IMO, will be triggered again prior to 1/1/17 which I'm guessing will lead to 3%. Somebody good with numbers (not me) could figure it out.
Ok, we have 8,6,3,3 with 1 percent on1/1/17 for DC. Again, based on the company's own predictions for the length of the contract, we need to subtract the 6% (rounded for simplicity). So 8,0,4,3. So based on an average income of $200,000 for year one that's $16,000 more and in year three it's $30,000. No where near your $50,000 even in the last year.
This plus all the other stuff, I don't think so. How can we not even match the yearly value of C2012? In this negotiating environment, I find that absolutely mind boggling!
Denny
Ok, we have 8,6,3,3 with 1 percent on1/1/17 for DC. Again, based on the company's own predictions for the length of the contract, we need to subtract the 6% (rounded for simplicity). So 8,0,4,3. So based on an average income of $200,000 for year one that's $16,000 more and in year three it's $30,000. No where near your $50,000 even in the last year.
This plus all the other stuff, I don't think so. How can we not even match the yearly value of C2012? In this negotiating environment, I find that absolutely mind boggling!
Denny
I used $244,000 X 21.5% = $52,460
PTIX this year is about $6B with a payout of about 22%. Next year profits are supposed to increase so even if the payout would drop to 15% with the new formula at $6B. With the increased profits going to $10B PS will go back up to 22%+ IMHO
06-12-2015, 08:19 AM
#7994
Gets Weekends Off
Joined APC: Mar 2008
Posts: 758
What are we afraid of by releasing the survey results? You hold your cards when you know the offer is more than you would have settled for. You cannot convince me that this TA even comes close to our survery answers. Anyone want to wager what percentage said on the survey that they wanted to retain profit sharing? My guess is 97 percent.
06-12-2015, 08:23 AM
#7995
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
What are we afraid of by releasing the survey results? You hold your cards when you know the offer is more than you would have settled for. You cannot convince me that this TA even comes close to our survery answers. Anyone want to wager what percentage said on the survey that they wanted to retain profit sharing? My guess is 97 percent.
He also said this is a lame TA given the historic concessions we have been living with since bankruptcy and the historic profits the company is making.
06-12-2015, 08:25 AM
#7996
Gets Weekends Off
Joined APC: Apr 2014
Posts: 367
What bothers me most of all
It took decades of strikes, fear of strikes, scaring investors and negotiating to get to the contract most had in 2000-2004. Along the way more than one arrogant CEO was challenged-- airlines went under and others doubled and tripled in size. Battles were lost but ultimately wars were won with regard to labor and mature contracts. There was never a staffing issue. What upsets me the most is that we have only managed to sell QOL provisions of the contract and move them to W-2 in the wake of 40% pay cuts and dismantling pension funds. After a decade of constructive engagement a mainline and regional contract are starting to look unfortunately familiar.
Just remember this, when things go south, and they will, pay will likely be negotiated down but we will never get those QOL provisions back, ever. Call BS? Look at what we are giving away right now for W2?
Just remember this, when things go south, and they will, pay will likely be negotiated down but we will never get those QOL provisions back, ever. Call BS? Look at what we are giving away right now for W2?
06-12-2015, 08:28 AM
#7997
Gets Weekends Off
Joined APC: Mar 2008
Posts: 758
You are ok with 14 percent over 3 years in the best negotiating environment in history?? See that is exactly what managment wants. They will come back to us again and tweek the concessions a little bit then you will feel like it is a good deal. We should never have agreed to this TA in the first place and followed the minimums set forth in our survey.
06-12-2015, 08:29 AM
#7998
Gets Weekends Off
Joined APC: Mar 2008
Posts: 758
Have you read the NYC Capt. Rep's letter yet? If not, go find it and read it. He specifically said this TA does NOT meet the Pilot Survey results, not even close.
He also said this is a lame TA given the historic concessions we have been living with since bankruptcy and the historic profits the company is making.
He also said this is a lame TA given the historic concessions we have been living with since bankruptcy and the historic profits the company is making.
06-12-2015, 08:34 AM
#8000
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
$200,000 X .215 = $43,000
I used $244,000 X 21.5% = $52,460
PTIX this year is about $6B with a payout of about 22%. Next year profits are supposed to increase so even if the payout would drop to 15% with the new formula at $6B. With the increased profits going to $10B PS will go back up to 22%+ IMHO
I used $244,000 X 21.5% = $52,460
PTIX this year is about $6B with a payout of about 22%. Next year profits are supposed to increase so even if the payout would drop to 15% with the new formula at $6B. With the increased profits going to $10B PS will go back up to 22%+ IMHO
$200,000 x .1575 = $31,500 in the LAST year of the contract. Not even close to your $50,000. Do you really think we will not get a new deal by then? Yes I know that's possible but I'd lay odds we will have a deal before then.
Denny
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