Details on Delta TA
06-12-2015, 10:19 AM
#8022
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,456
Good thing we own 49% of them and share 20% of the profits Delta makes off them above 2.5 PTIX. They could easily buy 35% more of Aeromexico and bring GOL up to 49% too. Have you heard we are in negotiations for a bankrupt Asian carrier?
http://finance.yahoo.com/news/delta-...183306752.html
We need profit sharing to capture this in our pay. The rates won't capture global investment and outsourcing!
http://finance.yahoo.com/news/delta-...183306752.html
We need profit sharing to capture this in our pay. The rates won't capture global investment and outsourcing!
Last edited by notEnuf; 06-12-2015 at 10:34 AM.
06-12-2015, 10:23 AM
#8023
Straight QOL, homie
Joined APC: Feb 2012
Position: Record-Shattering Profit Facilitator
Posts: 4,202
Mea Culpa.
I went ape**** here a while back when MSP elected a guy whose wife is in the CPO as their FO rep. I owe him a public and humble apology for questioning his integrity.
I went ape**** here a while back when MSP elected a guy whose wife is in the CPO as their FO rep. I owe him a public and humble apology for questioning his integrity.
Fellow Council 1 pilots,
Two days ago, your MEC passed a resolution to approve sending the tentative agreement (TA) out to the pilot group for membership ratification. The final vote was conducted in open session on Wednesday in Atlanta. Results for the vote were 11 in favor and 8 against. I voted against the resolution because I felt the TA fell short in overall value and contained language that is not favorable to the pilots I represent. The purpose of the “no” vote was not to deprive you the pilots a chance to vote on this agreement, but rather an effort to fix the agreement before it was released. That’s my job as a representative!
The TA has many modifications to our current agreement. Many of them are pluses for the pilot group, and some favor the company. This is normal in negotiations and should be expected.
As your Council 1 first officer representative, I have done my best to listen to you and follow your direction as indicated in the Pilot Survey and through feedback on various issues. Based on the input and feedback of MSP pilots, I voted against the agreement because it did not meet your expectations.
I agree with many of the MEC representatives that an alternate path is achievable by reengaging the company to address the issues we have with this current TA. The environment we are in should be favorable to achieve a fair and balanced agreement that addresses pilot concerns as well as those of the company.
You will be receiving lots of information about modifications contained in the TA over the next 30 days. I ask that you read everything, study it, ask questions, attend the road shows, and then evaluate for yourself and vote!
Fraternally,
Eric
Two days ago, your MEC passed a resolution to approve sending the tentative agreement (TA) out to the pilot group for membership ratification. The final vote was conducted in open session on Wednesday in Atlanta. Results for the vote were 11 in favor and 8 against. I voted against the resolution because I felt the TA fell short in overall value and contained language that is not favorable to the pilots I represent. The purpose of the “no” vote was not to deprive you the pilots a chance to vote on this agreement, but rather an effort to fix the agreement before it was released. That’s my job as a representative!
The TA has many modifications to our current agreement. Many of them are pluses for the pilot group, and some favor the company. This is normal in negotiations and should be expected.
As your Council 1 first officer representative, I have done my best to listen to you and follow your direction as indicated in the Pilot Survey and through feedback on various issues. Based on the input and feedback of MSP pilots, I voted against the agreement because it did not meet your expectations.
I agree with many of the MEC representatives that an alternate path is achievable by reengaging the company to address the issues we have with this current TA. The environment we are in should be favorable to achieve a fair and balanced agreement that addresses pilot concerns as well as those of the company.
You will be receiving lots of information about modifications contained in the TA over the next 30 days. I ask that you read everything, study it, ask questions, attend the road shows, and then evaluate for yourself and vote!
Fraternally,
Eric
06-12-2015, 10:24 AM
#8024
Gets Weekends Off
Joined APC: Aug 2006
Position: A330 First Officer
Posts: 1,465
Thanks for answering my first question. As to the second, your graph didn't explain why we can't wait for the Q2 results before we vote.
C2012 was a modest increase in pay in a slightly profitable year(1.5B or so). We made over 4.5B in 2014 and are expected to exceed that this year. So using a linear strategy, since we made 3 times as much money we should expect 3 times the pay.
We seem to be willing to sacrifice pay and QOL in this contract during the best negotiating environment in memory. I don't understand.
C2012 was a modest increase in pay in a slightly profitable year(1.5B or so). We made over 4.5B in 2014 and are expected to exceed that this year. So using a linear strategy, since we made 3 times as much money we should expect 3 times the pay.
We seem to be willing to sacrifice pay and QOL in this contract during the best negotiating environment in memory. I don't understand.
06-12-2015, 10:26 AM
#8025
Straight QOL, homie
Joined APC: Feb 2012
Position: Record-Shattering Profit Facilitator
Posts: 4,202
06-12-2015, 10:31 AM
#8026
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
06-12-2015, 10:31 AM
#8027
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
RICHARD ANDERSON'S NUMBER ONE CONCERN
Avatar / Picture
Gregg Metor
FORBES
CEO Compensation
#130 Richard H Anderson
Richard H Anderson has been CEO of Delta Air Lines (DAL) for 5 years. Mr. Anderson has been with the company for 5 years. The 56 year old executive ranks 3 within Transportation
Richard H Anderson's Compensation vs. Transportation Medians
Salary $0.60 mil $0.63 mil
Bonus $1.26 mil $1.13 mil
Other $11.31 mil $1.79 mil
Stock Gains NA $0.00 mil
Total Compensation $13.175 mil $6.51 mil
Richard H Anderson Ownership Of Delta Air Lines
Industry Medians
Stock Owned (% Of Co) 0.23% 0.18%
Stock Owned $17.9 mil $0.02 mil
Now with 17.9 million shares, do you think Mr. Anderson worries about labor issues?
One point down = loss of 17.9 million dollars
To points down = loss of 35.8 million dollars (you get it)
Quote
WHY DALPA must go... they CANNOT change and history proves it 48m 24
Dennis the Peasant: Well yeah, but the little elf in the corner thing was funny!
Avatar / Picture
Gregg Metor
FORBES
CEO Compensation
#130 Richard H Anderson
Richard H Anderson has been CEO of Delta Air Lines (DAL) for 5 years. Mr. Anderson has been with the company for 5 years. The 56 year old executive ranks 3 within Transportation
Richard H Anderson's Compensation vs. Transportation Medians
Salary $0.60 mil $0.63 mil
Bonus $1.26 mil $1.13 mil
Other $11.31 mil $1.79 mil
Stock Gains NA $0.00 mil
Total Compensation $13.175 mil $6.51 mil
Richard H Anderson Ownership Of Delta Air Lines
Industry Medians
Stock Owned (% Of Co) 0.23% 0.18%
Stock Owned $17.9 mil $0.02 mil
Now with 17.9 million shares, do you think Mr. Anderson worries about labor issues?
One point down = loss of 17.9 million dollars
To points down = loss of 35.8 million dollars (you get it)
Quote
WHY DALPA must go... they CANNOT change and history proves it 48m 24
Dennis the Peasant: Well yeah, but the little elf in the corner thing was funny!
06-12-2015, 10:33 AM
#8028
Gets Weekends Off
Joined APC: Aug 2007
Posts: 618
For everyone asking about quarterly results and PTIX and profit sharing, this is the deal....
I feel as though there is a fundamental misunderstanding about pay and profit sharing. I'm not here to argue for or against nor am I going to tell you how pay raises are going to be funded.
But the reality is that Q earnings are completely irrelevant. First off, we are still under the old profit sharing scheme for this year. 2016 is when the change would be in effect.
If you reference the bar graph of 6 billion PTIX 2018 salary+profit sharing, with and without a deal (I posted earlier); this is the worst case scenario. We will be making more money with this deal across the board no matter what.
Anything above $6BN we will start making significantly more.
I think making the pay / p/s argument is a poor one. This deal gives all of us more money, regardless.
The questions to ask are:
1. Is in enough money?
2. Is it enough money in light of what you view as concessions in other areas?
I think that is a more honest debate to have.
I feel as though there is a fundamental misunderstanding about pay and profit sharing. I'm not here to argue for or against nor am I going to tell you how pay raises are going to be funded.
But the reality is that Q earnings are completely irrelevant. First off, we are still under the old profit sharing scheme for this year. 2016 is when the change would be in effect.
If you reference the bar graph of 6 billion PTIX 2018 salary+profit sharing, with and without a deal (I posted earlier); this is the worst case scenario. We will be making more money with this deal across the board no matter what.
Anything above $6BN we will start making significantly more.
I think making the pay / p/s argument is a poor one. This deal gives all of us more money, regardless.
The questions to ask are:
1. Is in enough money?
2. Is it enough money in light of what you view as concessions in other areas?
I think that is a more honest debate to have.
06-12-2015, 10:33 AM
#8029
Gets Weekends Off
Joined APC: Jun 2015
Posts: 360
Regarding the language in 23.L.8...Holy bait and switch! The worst part is that the people that I'm PAYING to represent me are complicit.
I have zero trust in the company after they violated the current contract for more than 3 years, and now I have zero trust in the union that I PAY to represent me.
Is this all part of the coming FAA mental health tests? Is anger going to be a red flag?
I have zero trust in the company after they violated the current contract for more than 3 years, and now I have zero trust in the union that I PAY to represent me.
Is this all part of the coming FAA mental health tests? Is anger going to be a red flag?
06-12-2015, 10:37 AM
#8030
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
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