General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
G4G5,
You OBVIOUSLY haven't been paying attention. We actually HAVE an expansion plan in the computers(RES), and that will NOT change. We are already selling seats for Feburary with 60 more flights a day from ATL alone. If we actually go Chap 11---even more of those 1270 or so pilots eligible for early retirement WILL TAKE IT OR LOSE THEIR CASH. That will cause huge ripples. Yes, we could still go Chap 11, but with a TA on the books and cuts from non-union people as well, most of any clean up will be with unsecured debt. Sure, other things could be changed, but according to an SEC filing Delta just made---it stated that should the pilots ratify at possible TA---some of the understandings will be made binding (meaning will not change unless a certain cash level is hit---most likely) (I will find it for you---look at bottom of page) I do not know what these are, but you can bet that certain points will stand and that with the finacial books in order---the company will grow again. We actually can take away an extra $2 billion a year from the employees and compete better, and still have pretty good wages that could be used again if necessary.(hopefully NOT, but possible)
95 hours, huh? You are sure of that one, eh? Sick call will be at an all time high, and the carrier will soon figure out that 95 hours a month is not dooable---which United has already learned.
The 737-200s are currently our 100 seater and still used on certain markets. Do you think they will park them immediately? They parked them right after 9-11 because they chose to furlough the bottem 400 guys, and they were all at Delta Express flying 737-200s as FOs. They had to park them. The only planes we have scheduled to go by May of next year are 4 737-200s and 4 737-300s from SLC. The talk from Dean Bloom (Sys Chief Pilot) and Kolshack (VP of Flt Ops) is that we are looking at new 100 seaters to eventually replace the 737-200s---and this is with our bad credit. You OBVIOUSLY don't know what is going on in the inner circles over here.
Have we lost 21% of our manpower due to retirements you ask? Well, we have lost about 1000 Captains since last September (2003), and that is about equal to 20% of our total Captains, and about 13% of our total pilots. Add atleast 500 more, and that is a huge chunk. (It could be 700 more, or if all go 1200 more) Figured it out yet? How long does it take to train new Captains on new equipment? Got anymore questions? What you are not seeing here is that according to our "depeaked hub" plan, we are adding the equivalent of 44 new aircraft by just using our current ones more efficiently. Adding 44 new aircraft to the fleet would require more pilots, or if we increased the cap---probably the same amount or more if needed. If we increased the cap and did NOT increase the flying---then a furlough might be in order. The current plan, even with a Chap 11, is to increase the flying by depeaking the hubs and making the operation mroe efficient without buying new aircraft YET. That is the CURRENT plan---according to Grinstein, and that would probably be the plan if we had to exit a Chap 11 too---so we could make enough revenue to get profitable again someday.
It seemed to me that you were not looking for insight, but rather intent on insiting a riot.
Bye Bye--General Lee
PS--Here is the SEC filing, please read the last paragraph.
" Pilot Cost Reduction
Our cost reduction plans include a target of reducing our pilot costs by $1 billion annually by 2006 through a combination of changes in wages, pension and other benefits and work rules. We expect that at least two-thirds of the $1 billion will be attributable to pay reductions.
We are currently in negotiations with ALPA representatives with respect to restructuring pilot costs. To date, ALPA’s counter-proposals have been for substantially less than $1 billion of annual savings and for approximately two-thirds of the savings to come from pay reductions. In addition, to date, ALPA is proposing for pilots a stock option program that involves substantially more equity, and profit sharing and incentive programs that are substantially more generous, than the corresponding programs we have proposed. See “Employee Incentive Programs” below. The Exchange Offer is conditioned on our entering into, and the ALPA membership ratifying, a new contract with ALPA that provides, in our judgment, at least $1 billion of annual cost reduction by 2006 (before employee incentive programs as described below). If we are successful in negotiating a new contract with ALPA, the components of the savings may vary materially from our proposal.
We expect that any final agreement with the pilots will contain certain limitations on our seeking to modify the collective bargaining agreement if we subsequently file for reorganization under Chapter 11 of the United States Bankruptcy Code, as amended (the “Bankruptcy Code𔄢 ).
You OBVIOUSLY haven't been paying attention. We actually HAVE an expansion plan in the computers(RES), and that will NOT change. We are already selling seats for Feburary with 60 more flights a day from ATL alone. If we actually go Chap 11---even more of those 1270 or so pilots eligible for early retirement WILL TAKE IT OR LOSE THEIR CASH. That will cause huge ripples. Yes, we could still go Chap 11, but with a TA on the books and cuts from non-union people as well, most of any clean up will be with unsecured debt. Sure, other things could be changed, but according to an SEC filing Delta just made---it stated that should the pilots ratify at possible TA---some of the understandings will be made binding (meaning will not change unless a certain cash level is hit---most likely) (I will find it for you---look at bottom of page) I do not know what these are, but you can bet that certain points will stand and that with the finacial books in order---the company will grow again. We actually can take away an extra $2 billion a year from the employees and compete better, and still have pretty good wages that could be used again if necessary.(hopefully NOT, but possible)
95 hours, huh? You are sure of that one, eh? Sick call will be at an all time high, and the carrier will soon figure out that 95 hours a month is not dooable---which United has already learned.
The 737-200s are currently our 100 seater and still used on certain markets. Do you think they will park them immediately? They parked them right after 9-11 because they chose to furlough the bottem 400 guys, and they were all at Delta Express flying 737-200s as FOs. They had to park them. The only planes we have scheduled to go by May of next year are 4 737-200s and 4 737-300s from SLC. The talk from Dean Bloom (Sys Chief Pilot) and Kolshack (VP of Flt Ops) is that we are looking at new 100 seaters to eventually replace the 737-200s---and this is with our bad credit. You OBVIOUSLY don't know what is going on in the inner circles over here.
Have we lost 21% of our manpower due to retirements you ask? Well, we have lost about 1000 Captains since last September (2003), and that is about equal to 20% of our total Captains, and about 13% of our total pilots. Add atleast 500 more, and that is a huge chunk. (It could be 700 more, or if all go 1200 more) Figured it out yet? How long does it take to train new Captains on new equipment? Got anymore questions? What you are not seeing here is that according to our "depeaked hub" plan, we are adding the equivalent of 44 new aircraft by just using our current ones more efficiently. Adding 44 new aircraft to the fleet would require more pilots, or if we increased the cap---probably the same amount or more if needed. If we increased the cap and did NOT increase the flying---then a furlough might be in order. The current plan, even with a Chap 11, is to increase the flying by depeaking the hubs and making the operation mroe efficient without buying new aircraft YET. That is the CURRENT plan---according to Grinstein, and that would probably be the plan if we had to exit a Chap 11 too---so we could make enough revenue to get profitable again someday.
It seemed to me that you were not looking for insight, but rather intent on insiting a riot.
Bye Bye--General Lee
PS--Here is the SEC filing, please read the last paragraph.
" Pilot Cost Reduction
Our cost reduction plans include a target of reducing our pilot costs by $1 billion annually by 2006 through a combination of changes in wages, pension and other benefits and work rules. We expect that at least two-thirds of the $1 billion will be attributable to pay reductions.
We are currently in negotiations with ALPA representatives with respect to restructuring pilot costs. To date, ALPA’s counter-proposals have been for substantially less than $1 billion of annual savings and for approximately two-thirds of the savings to come from pay reductions. In addition, to date, ALPA is proposing for pilots a stock option program that involves substantially more equity, and profit sharing and incentive programs that are substantially more generous, than the corresponding programs we have proposed. See “Employee Incentive Programs” below. The Exchange Offer is conditioned on our entering into, and the ALPA membership ratifying, a new contract with ALPA that provides, in our judgment, at least $1 billion of annual cost reduction by 2006 (before employee incentive programs as described below). If we are successful in negotiating a new contract with ALPA, the components of the savings may vary materially from our proposal.
We expect that any final agreement with the pilots will contain certain limitations on our seeking to modify the collective bargaining agreement if we subsequently file for reorganization under Chapter 11 of the United States Bankruptcy Code, as amended (the “Bankruptcy Code𔄢 ).
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