How Obamacare is affecting Delta

[dalad]

Ummm, that's not correct. If pre tax profits exceed $2.5 billion in one year, the pilots receive 20% of what is in the profit sharing pie, up from 15%. If DL doesn't make $2.5 billion, then yes, yes it does fall to 10%. How are we looking so far? Q1 had the first profit in 5 years for that quarter. Q2 was huge too. Gas prices were expected to be higher. If July alone had $500 or so million, how about June and August? I'd say there is a good chance DL makes the $2.5 billion pre tax profit, with lower gas prices helping out.

Any more things you are confused about Jonny? Say hi to your Mom and Sis for me!


Bye Bye---General Lee

You are incorrect as well. We get the standard profit sharing up to $2.5 billion. THEN 20% for anything OVER $2.5 billion.

 

[General Lee]

Curious, how underfunded is the pilot pension fund?

Well, as the stock market gets better, so does the fund. Also, it appears DL is making enough to start paying down that pension fund in fairly large chunks, I think they paid $558 million in accelerated payments in 2010, and higher profits and a better market ensure more of that.

How's your pension at VA going? I bet my 401K and DC fund contributions were more than your total pay last year. If not, it was close.


Bye Bye---General Lee

 

[General Lee]

You are incorrect as well. We get the standard profit sharing up to $2.5 billion. THEN 20% for anything OVER $2.5 billion.

It still all comes from the profit pie. Over $2.5 billion, the pilots get more. There is a chance this year to get that due to lower than expected gas prices.


Bye Bye---General Lee

 

[redflyer65]

Based on how much revenue max?

That's like comparing a twin 225 hp mercruiser to an aircraft carrier....they both have 2 engines butttttttttttt.......

What I find interesting looking through Delta financials is that...

20% of their total revenue comes from Connection carriers. 20% of revenue from outsourcing, and that number is NOT going down. So maybe a loss of some 50 seaters, but larger 90 seaters and the income is the same? RA knows how to play the outsourcing game, and dumped those re-engine cost with the help of DALPA. Kudos to RA on that move.

The refinery section was interesting too. Another quarter loss. The cost for the renewable energy credits (RINs) went from .02-.05 cents to 80 cents. That's and increase in cost of 1600%. Could be interesting going forward.

They gloss over the high pension requirements. I couldn't find the actual number. Maybe required to report yearly?

I have no idea why DALPA would give up ANY profit sharing percentage, but they did. Probably not a wise move, except for RA.

 

[redflyer65]

You're gonna LUV it there, just ask Bubba and Red. Your layovers with them in Midland and Islip will no doubt be FANTASTIC.


Bye Bye---General Lee

I pretty confident he will love it here. And I'm glad Delta is taking the 717s. Frees us up for more 737s on the open market and saves Southwest over 300 million....every year. Thanks Gen. Should we talk about the cost synergies of still operating ONE fleet type instead of 11?

 

[jonjuan]

Ummm, that's not correct. If pre tax profits exceed $2.5 billion in one year, the pilots receive 20% of what is in the profit sharing pie, up from 15%. If DL doesn't make $2.5 billion, then yes, yes it does fall to 10%. How are we looking so far? Q1 had the first profit in 5 years for that quarter. Q2 was huge too. Gas prices were expected to be higher. If July alone had $500 or so million, how about June and August? I'd say there is a good chance DL makes the $2.5 billion pre tax profit, with lower gas prices helping out.

Any more things you are confused about Jonny? Say hi to your Mom and Sis for me!


Bye Bye---General Lee

Whoops again, 18,000 Lee. Someone gets called out for making misstatements (you) about profitsharing and she starts craw fishing. Looser.

 

[General Lee]

I pretty confident he will love it here. And I'm glad Delta is taking the 717s. Frees us up for more 737s on the open market and saves Southwest over 300 million....every year. Thanks Gen. Should we talk about the cost synergies of still operating ONE fleet type instead of 11?

Red,

11 fleets gives a $500 million profit for July. That might be more than you make in 3 quarters. Any more questions?


Bye Bye---General Lee

 

[General Lee]

Whoops again, 18,000 Lee. Someone gets called out for making misstatements (you) about profitsharing and she starts craw fishing. Looser.

Ahahahaha! But I was correct Jonny. You didn't know the part about if DL makes MORE than $2.5 billion, then pilots get MORE than before. You didn't know that, and you now know. ALPA may have hit a home run thanks to lower gas prices during the first half of the Summer. So, you are the loser. (Not "looser" like you stated----wow, you're also an idiot)


Bye Bye---General Lee

 

[K-Mart]

I pretty confident he will love it here. And I'm glad Delta is taking the 717s. Frees us up for more 737s on the open market and saves Southwest over 300 million....every year. Thanks Gen. Should we talk about the cost synergies of still operating ONE fleet type instead of 11?

Here's one I heard. Delta plans on no replacement of the 717 when the leases are up. Only replacement will be more 90 seaters.

 

[PBRstreetgang]

You guys,
Stop kicking sand into the Genny's shorts, he gets sand into his mangina, then his mom has to bring him a Popsicle to soothe his chapped manthighs.