Well Gollll--eeeee,
A bunch of you folks didn't like my statement. Hmmmmm. First of all, everyone loves to say that Comair/ASA are "holding up" Delta and they don't deserve a pay cut--even though their peers are making half and doing the same job. (That is what we hear about UAL and AA) FDJ2 posted the exact comments from Michele Burns (our CFO---and yours) which stated at a CVG meeting that Delta pays for most of your expenses--and without that you would NOT be as profitable. Also, since a lot of your RJs are on very popular routes (once flown by mainline)---of course a lot of them are profitable. But, Delta would be even more profitable if they actually put mainline aircraft on those same routes and flew them more often---but no--marketing is screwed up and even Grinstein admitted that at the DFW meeting. (He also doesn't really like RJs--like your buddy Fred Reid)
Skiddriver,
I flew at the commuters (pre-regional days) and I bet I made 1/4th the money you make now--flying a brasilia 7 legs a day too. I know what you mean when you don't have a lot of money. Guess what? I don't have a boat. Yes, I make a great wage, and I hope you do too someday, but just because you are at a different stage in your carreer--doesn't mean that there aren't ups and downs for you too. Also, if Delta goes into BK--the pensions are safe--unless they file a termination notice and that could take 90 days. The judge has to go over everything and make the determination. Notice only USAir guys lost their pensions (most of those guys still flying had a chance to bail, but unfortunately did not)---and the UAL guys still have theirs. We have recently gotten a lot from Dalpa concerning the pensions and a lot of our guys feel a lot more comfortable about the situation. In other words, it can't just be swiped away from them.
RJCAP,
First of all, Grinstein has scaled back on his Chap 11 talk because he cannot just talk that way and manipulate the stock price.(thanks to the Martha Stewart stuff) He has to be careful what he says. Yes, we had a down grade from the S&P---but what the articles didn't say and Delta neglected to say was that the S&P also said that the current down grade is STABLE (leaving 6 more below it) and that Delta had many good things going for it---including one union, strong INTL travel this Summer, and ADEQUATE cash reserves. We have $2.8 billion in cash, and have had a better Spring and probably a great Summer. What does that mean? We aren't teetering on the verge YET--we have some time. Also, I talked with a high level MEC member today in ATL and he said that Delta would get HUGE pressure from GE Capital, Morgan Stanley, and almost every other large investor if they did not negotiate eventually and just "took us into bankruptcy." There would be a lot of pi$$ed off people then, and the judge and bankers would be in charge. (not Grinstein) In other words, there will probably be some negotating eventually, and we all can't wait to hear Grinstein's big plans when the strategic review is over in early July. Guess what? If we are to VOTE on a pay cut---there better be something in it for us (notice he said he wanted larger planes to fight the LCCs and lower our CASM---in the DFW speech)---and I doubt there will be much about DCI getting 100 seaters or many more RJs either. I also doubt our guys would vote for more furloughs etc---there would have to be recalls. So---Grinstein will have the pressure on too from the major investors---and we are ready to have SERIOUS negotiations......
Otto,
There is nothing gauranteed in this business---just ask our 1060 furloughs. They have taken a 100% pay cut. I bet a lot of them have sold their homes and are living on vapors....And, oh yeah--Comair won't help them out....Thanks.....
Black Coffee,
Maybe you haven't been on here long, but I have said a lot and personally done a lot to help our furloughs. I never said "you guys need to give 40% of your wages...etc" I have only said that EVERYONE should give something (the amount is up to them) and that Delta will not give anything extra to Comair until they get their costs down. (just like us---we won't get anything either, but we are atleast willing to sit down and negotiate--where are they?) I know what it is like to get paid squat and work really hard---but that doesn't mean you shouldn't have to give something ---especially when you have a stake in all of this too. everyone likes to compare us to UAL and AA---and the comparison to Mesa and Chataqua in respect to wages is the same thing management is asking for. I am just bringing it out in the open----like it or not. I don't want you guys to take those huge cuts--but Wall Street and management do. The pressure is on---for all of us.
ASARJFO,
I know it is tough, and I didn't make over $40,000 a year until I was in my SECOND year with Delta. (My first year hourly pay on the 727FE and Express 737 was near $30 an hour) I am not in charge of that, and I keep saying that the company will try to squeeze you until you do give up something. I of course believe that we at mainline (the pilots) will take the lion's share of the cuts, and I am ok with that. But to hide and say that you guys are profitable (thanks to Delta paying for most of your expenses--from the CFO's mouth) and you don't deserve it---is not looking at the whole picture. I am sure we will get a huge cut---but they will come after you next---and eventually they will win. I don't want you to take huge cuts---but there will be something that you will give up to get those extra jets and even get a new contract. Sorry.
bvt1151,
The company would be even MORE profitable with pay cuts from you---and THEY KNOW THAT. They will press you, and even if they don't get it now---you will not grow and they will give future relief with the 70 deaters to other carriers. You will eventually feel it.
ATRCA,
Everyone will have to give up something. Grinstein said that only "non-contract" employees would keep the same rates----so that means he wants to go after ALL of the unions (you and me) and show the others how stupid it was for us to unionize. But, I assure you that we at mainline will take larger cuts than you.
Bye Bye--General Lee
