Here's what our System Chief Pilot put ourt today in upgrade class...which may be hanging on by a thread now:
1. CEO Selveggio was sent here to sell us.
2. Goldman Sachs has been retained to market our sale. Polishing the turd includes re-carpeting the Kremlin...really...we couldn't walk on it today while going to the SOCC tour.
3. No one's standing in line to buy us.
4. Driving force for sale is pressure from large institutional investors that bought DL's stock post-bk.
5. DL says they need to cut costs by $400 mil/yr in order to avoid re-entering bk as post bk business plan didn't figure for current cost of fuel.
6. Comair's share of mama D's cost cutting amounts to $15 mil/yr. Should be able to offset somewhat by selling removed aluminum rear bulkhead logos.
7. 7 planes returned to lessors in 2008, should be 1st 6 we got in 1993, not to be replaced.
8. Delta pays Comair the least amount of money per completion or block hour, however they cook the books to compensate us. They do this in order to squeeze as much $$ for themselves since we are wholly-owned. Other DCIs paid a fair amount more.
9. Comair's compensation from DL is also determined by D0, A14, Completion, & Bag Handling. This plays into how much profit sharing we get.
10. #9 Doesn't apply to JFK ops: there, OH is compensated per minute of operation, so party on during those 3-hour taxis! DL offered this plan if we participated in the "slot swap" program where DL plucks our JFK slot times at will.
11. They want to offer $3500 signing bonuses to attract suc...er new-hires.
12. Rumor control...CP S.B. said no FA was fired over the "soda incident" and he has no problem with us taking water to the hotel, as he does so himself. No mention of soda, though, and I didn't ask since I had to go pee really bad at that point!
13. Drum Roll, Please.....and the kicker is... a 2nd round of BK is a distinct possibility!!
Keep Smilin'!
