Details on Delta TA
06-13-2015, 07:06 PM
#8601
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Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
One other thing about eliminating the OE provisions. These FOs are going to bid to larger categories to make up the money and time off lost. We've got guys on the 717B that are half way up the seniority list in the company, on the 717. The 88, 320, 73N, 7ER, all have pilots that will immediately head off to larger WBs or maybe Captain spots.
06-13-2015, 07:08 PM
#8602
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Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
If we go higher guaranteed rates and no PS and the economy crashes as you say, all that is gone. We could go 3333 and that would be gone. We're going to give up the money if this economy crashes.
06-13-2015, 07:09 PM
#8603
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
There's the famous story of the guy who shorted collateralized debt obligations in 2007 because he was sure the housing market would collapse. He was right and made 2 billion. He then shorted bonds because he was sure rates couldn't go lower since they were near zero. He was wrong and lost 2.1 billion.
Even though you may be right, the market can be irrational longer than you can keep funding your short position. In all things, moderation.
Carl
06-13-2015, 07:12 PM
#8604
On Reserve
Joined APC: Jun 2015
Position: Bounty Hunter
Posts: 22
Why do say it's gone ? Are you going to give back like 2004/2005 cause the company can hide money and show doom and gloom ? Chit, I believe the BK was well planned knowing that the merger was going to go down. Isn't that what happened? They stole your pension.
06-13-2015, 07:14 PM
#8605
On Reserve
Joined APC: Jun 2015
Position: Bounty Hunter
Posts: 22
I know this won't go over well, but no matter what facts you think you have, the odds of your prediction of the market's direction is exactly 50/50. I don't care who you are, it's 50/50.
There's the famous story of the guy who shorted collateralized debt obligations in 2007 because he was sure the housing market would collapse. He was right and made 2 billion. He then shorted bonds because he was sure rates couldn't go lower since they were near zero. He was wrong and lost 2.1 billion.
Even though you may be right, the market can be irrational longer than you can keep funding your short position. In all things, moderation.
Carl
There's the famous story of the guy who shorted collateralized debt obligations in 2007 because he was sure the housing market would collapse. He was right and made 2 billion. He then shorted bonds because he was sure rates couldn't go lower since they were near zero. He was wrong and lost 2.1 billion.
Even though you may be right, the market can be irrational longer than you can keep funding your short position. In all things, moderation.
Carl
06-13-2015, 07:15 PM
#8606
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Save the company is a pretty convincing slogan they can run on if the economy crashes as you say, because heck, it's working now. But I'm sorry, guaranteed pay will evaporate too.
06-13-2015, 07:18 PM
#8607
Gets Weekends Off
Joined APC: Sep 2014
Posts: 4,994
For a brief (very brief) moment, I actually started to wonder if we should offer to insert verbiage into this TA about a psych eval requirement...
06-13-2015, 07:18 PM
#8608
On Reserve
Joined APC: Jun 2015
Position: Bounty Hunter
Posts: 22
We are debating a concessionary contract with minimal pay increases in a time where the company nets $1B possibly $2B per quarter - and my thought is that it is going to pass.
If the economy crashes, they'll ask for money back, it will be approved.
Save the company is a pretty convincing slogan they can run on if the economy crashes as you say, because heck, it's working now.
If the economy crashes, they'll ask for money back, it will be approved.
Save the company is a pretty convincing slogan they can run on if the economy crashes as you say, because heck, it's working now.
06-13-2015, 07:19 PM
#8610
Gets Weekends Off
Joined APC: Jun 2015
Position: CA
Posts: 357
There will be no PS after 2016. Read my lips. Hello ? The top 10 analyst who have been around for decades cause their clients know they are spot on are all saying the market will crash after Oct 2015. All the billionaires have moved out of the market and gone short. Remember March 9th when many believed it wouldn't happen and the DOW hit 6,600 ? All the mutual funds were destroyed. It has taken 8 to 10 years to recoup. This is chump to what is going to happen.
Ask yourself, why would Delta ram a TA through 6 months early ? Oh, it's not because there is an airplane order to place. Don't be naive.
In my opinion, it's one of two things. Purely a guess.
1) to get pilots to accept lower pay for hopes of PS knowing there isn't going to be any. Delta mgmnt is well plugged into Wallstreet.
2) they want to buy Alaska with 3rd party and 3rd party won't engage with contract due.
Ask yourself, why would Delta ram a TA through 6 months early ? Oh, it's not because there is an airplane order to place. Don't be naive.
In my opinion, it's one of two things. Purely a guess.
1) to get pilots to accept lower pay for hopes of PS knowing there isn't going to be any. Delta mgmnt is well plugged into Wallstreet.
2) they want to buy Alaska with 3rd party and 3rd party won't engage with contract due.
You would do better on the stock market message boards buying and shorting. Your panic is being overplayed. 2012 called. They want their fear tactic back.
For the new guys here, over the coming weeks you are going to see every boogeyman ever conceived come out of the woodwork. If you ignore them they run back into the closet to think of another angle. Nothing to see here folks. Move along.
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