Details on Delta TA
#8031
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.
#8032
Gets Weekends Off
Joined APC: Aug 2007
Posts: 618
This was bar none my biggest worry in the contract and its a 'meh', fine change for me now.
FYI Delta wide body capacity is to grow 9% via deliveries in the life of this contract.
I'll be back with more info on JV language. But please keep writing questions down, the road shows will be sporty for the NC committee, as they should be.
#8033
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
Are these the same FOs that have been whining for the last 10 years about being FOs? The same ones that can now hold lines in the left seat but are printing so much money that all of a sudden throwing gear is not such a bad thing? THOSE FOs? I got mine? Hardly.
#8034
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
#8035
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.
For example:
http://finance.yahoo.com/news/delta-...201412909.html
#8036
Gets Weekends Off
Joined APC: Dec 2014
Posts: 1,184
As of July we have 441 positions paying top of scale. The eventual $330/hr, if we gain 350s as we retire 747s, only 3.5% of the list will get those rates at any given time. Sorry to say but you won't see that. And if and when you do you should already have a nice 401k or other plan that was established from all your Narrowbody flying. I'll never see it and I plan to retire at 60.
#8037
Looking at our WB deliveries as a way to blow off a major concession to our joint venture language is a bad idea. Think about the growth if we don't change the language and the company gets into compliance. Much better than 9% growth.
#8038
Gets Weekends Off
Joined APC: Aug 2007
Posts: 618
I respectfully disagree. The PS ties us to all of Delta's revenue. The pay rates are for your personal hours flown or credited. We make money in a variety of ways, actually flying airplanes is only one. This is about global investment and getting something for outsourced flying.
For example:
http://finance.yahoo.com/news/delta-...201412909.html
For example:
http://finance.yahoo.com/news/delta-...201412909.html
Profit sharing has changed in this TA yes. But only changed. You will still make more money under this TA every single year it is effect, regardless of Delta profit and declared PTIX.
#8039
Gets Weekends Off
Joined APC: Aug 2007
Posts: 618
Give me a little time and I'll be back with it.
#8040
That's how management and ALPA will win this thing.
Divide, segment and get the 51%.
I'm not picking on tsquarebender. He's not alone.
There are captains who absolutely hate seeing their FOs get green slip #4. Drives 'em nuts.
And they especially hate seeing them get a green slip after a line check trip drop which puts them at triple pay.
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