Delta Payout Numbers For Accepting Merger Published....

[Sedona16]

Not sure if everybody got the email but as it stands with stock at $8.70/share the most jr guy on the current Delta list will get around $28,800 in stock equity and the most senior will get around $40,300. Not a get rich quick program but better than nothing if this goes through. The new guys can look at it as an almost $30K signing bonus I guess. Still have my qualms with how unbalanced the merger is for the Delta guys who bring more to the table (I voted no) but have a feeling it will be approved in three days anyway.

 

[RedRum]

Not sure if everybody got the email but as it stands with stock at $8.70/share the most jr guy on the current Delta list will get around $28,800 in stock equity and the most senior will get around $40,300. Not a get rich quick program but better than nothing if this goes through. The new guys can look at it as an almost $30K signing bonus I guess. Still have my qualms with how unbalanced the merger is for the Delta guys who bring more to the table (I voted no) but have a feeling it will be approved in three days anyway.

Thanks for publishing the numbers.

Remember that DAL pilots get a larger percentage of the equity claim. This isn't split right down the middle. So rest assure you will get more money than an NWA with your same longevity.

Consider yourself lucky to be fortunate enough to receive a "signing bonus" for a job you were going to take anyway. Also considering the shape of the industry right now, it seems a bit selfish to be complaining about the lot you are about to receive when many others are facing a furlough.

Another question for you. Are you junior at DAL? Is it you, or is it Delta Airlines that brings more to the table? When you say more to the table, do you mean just shear numbers of pilots? If your argument is what I think it is, you really don't help the junior pilot argument. It seems a little pompous and selfish selfish to me.

I am happy to get what equity money I can and if a DAL pilots gets more than me, that's fine. I just don't think it is because someone brings more to the table. Rather, Delta is a larger group of pilots and it should be divided that way.

If you voted note, I urge you to take a look around at the industry. You can't look at what you didn't get in the deal. You have to look at what you will get in the deal.

$28,800 would be a good start...

 

[DAL737FO]

The equity stake comes out the same for both pilot groups. We got a little over 3% to be split with about 7,300 pilots and NWA got just under 3% to be split between about 5,300 pilots. So if you are a NWA pilot you will receive about the same amount as posted above depending on your seniority.

 

[Helos2Galaxy]

This equity would be paid out after the signing/merger which is scheduled for later this year, right?

Hopefully it'll go to the 401, I'll use it in the in 20 years...

 

[JohnQ]

This equity would be paid out after the signing/merger which is scheduled for later this year, right?

Hopefully it'll go to the 401, I'll use it in the in 20 years...

If it is like the several other equity claims that we have received (all in exchange for other concession, it must be reminded) you will receive the equity $$ into your DC plan. If we get lucky and the stock continues to climb, it is conceivable that the DC plan could be maxed out to IRS 415C limits, which for 2009 is around $47000 (perhaps not the exact number, but you get the idea). Any excess to that would be paid out as ordinary income. However, our stock would have to climb to $12+ for any of that scenario to play out.

 

[ThisistheDream]

So the most senior guys at NWA will get around 40,000 and trickle down to around 28,000 for the most junior NWA guys??

 

[ACL65PILOT]

I think that unless oil goes up a lot, when the DOJ approves the merger you will see the stock price above 15.00

 

[Skybus]

And what do you base this on?

 

[GogglesPisano]

Remember that DAL pilots get a larger percentage of the equity claim. This isn't split right down the middle. So rest assure you will get more money than an NWA with your same longevity.

Please explain your math here. On a per-pilot basis, both groups will receive the same amount.

 

[~~~^~~~]

And what do you base this on?

That's easy...

http://finance.google.com/finance?sa=N&tab=ne&q=DAL

Look where the stock was trading in February of this year, or October of 2007. The merger has gone much better than expected thus far and even if we employees take it in the shorts when the airline is "right sized" the revenue will produce numbers that will attract buyers to the stock.

 

[~~~^~~~]

Again, please explain whose job is being taken away?

Nobody's. When he said "take" a job, he meant the common usage of the term, i.e. when you tell your FA "I'll take a medium coffee," she doesn't rip one out of a first class passenger's hands in mid slurp.

 

[GogglesPisano]

Nobody's when he said "take" a job, he meant the common usage of the term, i.e. when you tell your FA "I'll take a medium coffee," she doesn't rip one out of a first class passenger's hands in mid slurp.

My bad. Not enough caffeine yet. Must increase IV drip.

 

[Muskycat]

Thanks for publishing the numbers.

Remember that DAL pilots get a larger percentage of the equity claim. This isn't split right down the middle. So rest assure you will get more money than an NWA with your same longevity.

Consider yourself lucky to be fortunate enough to receive a "signing bonus" for a job you were going to take anyway. Also considering the shape of the industry right now, it seems a bit selfish to be complaining about the lot you are about to receive when many others are facing a furlough.

Another question for you. Are you junior at DAL? Is it you, or is it Delta Airlines that brings more to the table? When you say more to the table, do you mean just shear numbers of pilots? If your argument is what I think it is, you really don't help the junior pilot argument. It seems a little pompous and selfish selfish to me.

I am happy to get what equity money I can and if a DAL pilots gets more than me, that's fine. I just don't think it is because someone brings more to the table. Rather, Delta is a larger group of pilots and it should be divided that way.

If you voted note, I urge you to take a look around at the industry. You can't look at what you didn't get in the deal. You have to look at what you will get in the deal.

$28,800 would be a good start...

I was told by the union that we should have equal equity payouts between NWA and DAL pilots.
You have roughly 6000 and we have 7300 so the offset percentages on the equity claim balance things out.

 

[Sedona16]

Thanks for publishing the numbers.

Remember that DAL pilots get a larger percentage of the equity claim. This isn't split right down the middle. So rest assure you will get more money than an NWA with your same longevity.

Consider yourself lucky to be fortunate enough to receive a "signing bonus" for a job you were going to take anyway. Also considering the shape of the industry right now, it seems a bit selfish to be complaining about the lot you are about to receive when many others are facing a furlough.

Another question for you. Are you junior at DAL? Is it you, or is it Delta Airlines that brings more to the table? When you say more to the table, do you mean just shear numbers of pilots? If your argument is what I think it is, you really don't help the junior pilot argument. It seems a little pompous and selfish selfish to me.

I am happy to get what equity money I can and if a DAL pilots gets more than me, that's fine. I just don't think it is because someone brings more to the table. Rather, Delta is a larger group of pilots and it should be divided that way.

If you voted note, I urge you to take a look around at the industry. You can't look at what you didn't get in the deal. You have to look at what you will get in the deal.

$28,800 would be a good start...

You are entitled to your opinion and I to mine. As stated by those more informed individuals above the payout will be the same for those on both sides, not more to individual Delta pilots. Again, its good to get some money instead of none and I think this is one area Moak got right. Wished he could have wrapped some regional jet flying to mainline into the deal and other items as well. He didnt and we are where we are trying to make the best of it.

I could say you are pompous and selfish in your attitude, I wont. The point I was making has nothing to do with this payout or others in the industry, only where a Delta pilot is expectation wise, base wise, pay wise, etc vs a Northwest guy. Thats where we will I'm sure agree to disagree.

 

[Sedona16]

I think that unless oil goes up a lot, when the DOJ approves the merger you will see the stock price above 15.00

I agree. If the merger goes through and seniority issues are worked out in a timely manner along with oil stabilizing a bit lower the numbers above could easily double.