ASA Roadshow Next Week?

[79%N1]

737PYLIT....

Dude, why do yoo have to jump in with some B.S comment that does this discussion no good, and has no appropriate business in this thread????? Just another ML troll on the regional board adding an immature, uncalled for remark! Seriously, dont you have anything better or more important to do or worry about than what the Regional guys are saying? This thread has NOTHING to do with Delta ML, and your remarks just further the divide between the ranks of ML and Regionals.....Seiously, Grow the F&@k UP!

 

[Dave Benjamin]

One thing that is pretty cool is the 423 stock purchase plan. You have to be able to defer 15% of income to fully participate but at the rate things are going some will be making a killing the end of this year. Unlike MBIP the ROI is predictable and guaranteed to be at least 15%. So for an RJ CA making 80K pre-tax gain is $1,800 which is the equivalent of around $2/hour or more. Capital gains are taxed at a higher rate than income though. Where the real money gets made is when the stock goes through the roof like it is now. Now that same RJ CA will invest 15% of 6 months income, or around $6,000, in stock that costs less than $16 per share. If it's trading over $30 that's a tidy profit even after taxes.

 

[homerjdispatch]

One thing that is pretty cool is the 423 stock purchase plan. You have to be able to defer 15% of income to fully participate but at the rate things are going some will be making a killing the end of this year. Unlike MBIP the ROI is predictable and guaranteed to be at least 15%. So for an RJ CA making 80K pre-tax gain is $1,800 which is the equivalent of around $2/hour or more. Capital gains are taxed at a higher rate than income though. Where the real money gets made is when the stock goes through the roof like it is now. Now that same RJ CA will invest 15% of 6 months income, or around $6,000, in stock that costs less than $16 per share. If it's trading over $30 that's a tidy profit even after taxes.

Dave,

While the employee stock purchase is a good deal, it is in no means "guaranteed 15%". In the time between the closing date, and the day the shares hit your SmithBarney account, the stock can, and has, dropped.

(this still doesn't stop me from putting a large amount into the program every quarter)

 

[Phony Marconi]

Come on in, the Kool-Aid's fine!

I just had a glass....Mmmmmm!

I think a 25% paycut is the minimum we should all give back....no, wait.....30%...(hey, did you see the new Logo!)

At a time like this, we need to do what's good for the Company, not just think of ourselves and our family....that's selfish. When things turn around....and they will....the first thing the Company will do is thank us with huge pay raises, benefits, and bonuses, as a thanks for getting the Company through such tough times. After all, we're not losing money, but we're only making a small profit. That warrants a paycut....until we make a big profit! Then we cash in. The execs are suffering already, since their bonuses are way short of the 8-figures they were expecting when they dropped out of college to go into the airlines.

I can't believe some people actually expect time off to raze their kids, let alone feed them....

 

[wms]

If they want to be truly cost competitive, their first priority has to be integrating the companies and eliminating redundancy. The glass house should be shut down and ATL made into nothing more than a large outstation. Consolidate OCC, maintenance, training, etc. After that is done, then review the numbers and see if more needs to be done. But they won't do all that because the fact is they care more about reducing payroll than improving the overall effectiveness of the company, and it's easier to cut smaller paychecks than to make changes in operations.

Why alienate employees if we can be the most competitive through common sense operations? Oh yeah, the Southwest model doesn't work!

 

[79%N1]

Good point, WMS......I'd like to add if SKW management wants to talk cost savings with us, then they should step into these negotiations and say, 'lets get this settled' and give us the QOL issues we want resolved. I dont think anybody at ASA wants or thinks were getting some hugh industry leading payscale. We see whats going on around us. We, however, also see the substantially better QOL contractually that many other regionals such as SKW, COEX, Air WISC, and Comair have. I think if we quickly resolved that, we could sensibly discuss costs as part of it......

BUT........As our ASA "leadership team" prove to us daily....they are unwilling to discuss ANYTHING!

(OK Delta ML guys.......tell us what we should be thinking/doing now, as we are not able to think for ourselves)

 

[Rogue5]

Dave,

While the employee stock purchase is a good deal, it is in no means "guaranteed 15%". In the time between the closing date, and the day the shares hit your SmithBarney account, the stock can, and has, dropped.

Total the amount deferred into the stock purchase plan, divide that by the estimated sale price the day before the purchase (with the 15% discount) and short the stock that many shares the day of the transaction = Guaranteed profit, every time. Be sure to use a discount trading service in order to save on fees.

You'll get hit by short-term capital gains, but think of it like regular income. Where else can you get a guaranteed at least 15% (MUCH more this period) in the stock market every 6 months?

 

[SBD-2U3]

I guess everyone got that cute littlle DVD. I have feeling that three years was the warm up period. Websites, DVDs, and Roadshows....for what?

 

[sweptback]

I refuse to watch the thing. Does Atkin at least blink in it?

 

[49W]

I don't know, but he seems pretty slick

 

[FmrFreightDog]

Hey... I didn't get no DVD. When did those go out, and was it to ASA people or Skywest people??

 

[~~~^~~~]

They only went to the ASA pilots. But for the SkyWest pilots, here is a recap:

1. Profit sharing on top of our current pay
2. Positive Space tickets on DAL at Company expense to compensate for loss of travel benefits
1. E190 configured with 70 seats will be on the ASA ramp by June 06 (initial order not announced yet)
2. Training Department needs to roughly double, or even triple, in size
3. ASA's 40 seat RJ's to get a First Class section and another Flight Attendant
4. ASA bringing the Shorts back to replace the ATR
5. New ASA paint scheme - http://www.airliners.net/open.file/431191/L/

You are welcome to mine if you really need it.

 

[Phony Marconi]

We're being squeezed as pilots, but they still find ways to squander away our money:

-slick DVD's
-a new Logo
-Glossy Kool-Aid brochures about what a great airline we are.
-100-page paper bids in 1800 pilot mailboxes every month while we pay for internet-based paperless bidding that saves the company huge sums of money at our expense
-making cell-phone use a necessity for company business while we pay out of our own pocket
-making money with every trip swap which brings one pilot under 75 hrs while not compensating the other pilot (shouldn't that be illegal?)
-promoting the most adversarial scheduling boss, the antithesis of QOL, into an even more empowered position.

How many other ways are they screwing us AND the company, while being rewarded as great Managers?

 

[PBRstreetgang]

Ask the SkyWest Captains that get over 8K a year, in profit sharing if it is overrated!!! Even FO's can get around 600 bucks a quarter.

Where is my 8K a year, not even close by a half. Shut your pie hole, you have no clue, step away from the koolaid machine.
PBR

 

[atlcrashpad]

Where's my DVD?

Did they mail them out? Are they in the pilot lounge? I'm currently on MIL leave and wanting some info before I come back (Jan or Feb 06). What is the "Real" latest? Not just some Rumor BS. or made up funny crap. Really, what is the deal? Passes, Contract, A/C deliveries, etc....