Negotiation sessions scheduled
09-02-2016, 07:26 PM
#111
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Great point BobZ...Industry standard pay should be achieved without blinking an eye, just because Delta is in the game. Any "unlocking" value should be further rewarded with tangible gets. As to PS, how much does it pay when there is no P? I'm with you, pay the bills based on tangibles. If the P is there, everyone benefits, and I'll use that money to buy the next toy...maybe a high performance wake board boat!
in good years the dividend check shows up in feb.....in bad....it wont. and if the business folds? well that is that.
in the meantime? we have a day job....and wondering if the boss pays us fairly for making widgets .....is an entirely different calculation
09-03-2016, 11:14 AM
#112
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,531
No one said to set PS at zero but it is clearly a variable out of our control. If we turn a profit, great, if not, well...we should still have industry leading pay after these negotiations. Why (and how) do we have to place value on a variable? It should be a disbursement over and above to compensate and motivate for windfalls.
This is a cyclic industry with huge variables. Oil, weather, IT meltdowns, stupid management decisions...any and all of which can affect the profit margin. Hopefully we had our one and only "Black Swan" event on 9/11 but I still believe in the business cycle and it isn't always going to be upward. Not sure when it comes down but it will correct itself. It always does.
This is a cyclic industry with huge variables. Oil, weather, IT meltdowns, stupid management decisions...any and all of which can affect the profit margin. Hopefully we had our one and only "Black Swan" event on 9/11 but I still believe in the business cycle and it isn't always going to be upward. Not sure when it comes down but it will correct itself. It always does.
The "black swan" will come and Delta is best positioned to grab it by the neck. We already have. $4 billion lost on fuel and posted never before seen profits. Pension fund is projected to be a net gainer. Debt levels are at record lows, and bond ratings are investment grade only 9 years removed from bankruptcy. United and American are vulnerable with debt and little diversification. We don't need to out run the bear, just the other runners.
https://www.sec.gov/Archives/edgar/d..._8k-ex9901.htm
Last edited by notEnuf; 09-03-2016 at 11:26 AM.
09-03-2016, 03:23 PM
#114
Bye Bye Maddog!
Joined APC: Apr 2008
Position: Movin' On UP........
Posts: 560
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