Delta bookings well ahead of last year..and JB?

[General Lee]

Delta Air Lines: US Bookings Well Ahead Of Last Year

DOW JONES NEWSWIRES
April 23, 2007 12:21 p.m.


By Ann Keeton
Of DOW JONES NEWSWIRES


CHICAGO (Dow Jones)--Executives at Delta Air Lines Inc. (DALRQ) said in a conference call Monday that they were surprised at the strength of domestic ticket bookings for the spring travel season.

Some U.S. airlines reported last week that passenger traffic was weaker than expected, while others said higher-priced tickets were getting harder to sell.

But Delta, which expects to emerge from bankruptcy April 30, said that it "appeared to be operating in a parallel universe" from competitors, perhaps because the Atlanta carrier has trimmed excess capacity in the U.S.

On the international front, where Delta and other airlines have been expanding business, bookings are on track, accelerating with the airlines' growth plans, Delta said.

Delta has been shifting larger aircraft from domestic to international routes, to capture trends in the growth of air passenger traffic. International business traffic continues to drive growth for the airline, which will begin offering service to London's Heathrow International Airport next year.

The carrier said it continues to work at restructuring its regional airline business, which serves smaller U.S. markets.

-By Ann Keeton, Dow Jones Newswires; 312-750-4120; [email protected]
--------------------------------------------------------------------------------------------------


JetBlue CEO Sees Some Softness In Demand Next Couple Months

DOW JONES NEWSWIRES
April 24, 2007 11:04 a.m.


By Stephen Wisnefski
Of DOW JONES NEWSWIRES
Echoing a theme addressed recently by other airlines, the chief executive at JetBlue Airways Corp. (JBLU) said Tuesday that the discount carrier "sees some softness in demand."

Chief Executive David Neeleman said during a conference call with analysts and reporters that "the visibility on softness is just in the next couple of months." He noted that "it's a little bit cyclical" and indicative of what other airlines, such as discount segment leader Southwest Airlines Co. (LUV), are seeing.

Neeleman added that the New York-based airline can slow down its projected capacity growth if needed, noting that six to eight parties are showing interest in purchasing JetBlue aircraft. He said the market for used aircraft is robust.

JetBlue said Tuesday it expects to increase capacity by between 12% and 14% in the second quarter versus the year-earlier period. Capacity for the full year is expected to grow 11% to 13%.

JetBlue announced early Tuesday that it posted a net loss of $22 million, or 12 cents a share, in the first quarter, compared with a net loss of $32 million, or 18 cents a share, a year earlier. Revenue rose $608 million in the latest period from $490 million a year earlier.

Neeleman said during the call that the company is doing all it can to identify ways to increase revenue. He said the company will develop ancillary revenue "within our operating structure."

The first-quarter performance was hindered by the service disruptions caused by two major ice storms during the period. Neeleman said that the company's results would have been close to break-even in the latest period had it not been for the storms, which had a $41 million impact on results. JetBlue posted a pretax loss of $45 million in the first quarter.

Asked if JetBlue had been approached by a legacy carrier about a possible acquisition, Neeleman said that no such conversations had taken place. He also said that the airline wouldn't be interested in being acquired by a legacy carrier.

Neeleman noted that JetBlue is in conversations with international carriers about possible code-share arrangements.

JetBlue shares were down 3.2% at $10.64 in recent trading.


Bye Bye--General Lee

 

[Nado]

Some target fixation here on Jetblue GL, work on getting those pensions back first.

Standing by for the Delta announcement of SLC-SAN and SLC-SFO. Easiest job ever - Delta route planner. Just wait for B6. I hear B6 has big plans for SLC. Neelman knows the secret handshake in the area, so I am sure something can be worked out with the airport officials.

 

[General Lee]

Some target fixation here on Jetblue GL, work on getting those pensions back first.

Standing by for the Delta announcement of SLC-SAN and SLC-SFO. Easiest job ever - Delta route planner. Just wait for B6. I hear B6 has big plans for SLC. Neelman knows the secret handshake in the area, so I am sure something can be worked out with the airport officials.

Can you get any more gates at SLC? Don't think so. Sorry, yeah looking for that secret handshake....riiight. Huge plans--all 2 extra flights added. Wow. And we got a lot of cash in exchange for those pensions, plus a good DC match (9%) and a 401K match. And, we already go from SLC to SAN and SFO----you didn't know that? Why would we make more announcements? You are losing it.


Bye Bye--General Lee

 

[Nado]

I will be more specific then. How about adding 10 flights a day and flooding the market with flights just like Delta did in ATL when JB had two flights a day to SoCal, then created another airline to match JB, then folded it. Or more recently Bermuda, Nantucket and others. The latest tactic is flooding JFK with Dash 8s to slow up JFK arrivals and departures. You and your company seem to be irrational when it comes to JB. That is what I am pointing out.

As for the pensions, I am sure there are some retired Delta pilots that don't think the way you voted was such a good thing. Hey, you got yours. Nice job. Its why you thump your chest about a company that has taken so much from you personally and the pilot group is something I am trying to figure out.

Don't be so quick to react General. It is a well know fact on this board that you respond to anything and everything on this board, call it diarrhea of the keyboard. I don't chirp up about every Delta thread that is out there, I clearly don't know enough about the matters discussed, nor do I have a dog in that fight, whereas you seem to patrol the boards with 8629 posts patrol the board with an itchy typing finger. What you don't know about JB and other airlines I could just about pinch into the Grand Canyon. Your response time was less than 5 minutes to my post, I am impressed, in a way.

Losing it, I don't take things as seriously as you, I just sit back and enjoy the view and smile watching your company and its the moves it makes to try and slow down a small company. As long as Delta reacts to our actions, I am happy. It means we are doing something right.

I guess SWA had AA and JB has Delta now.

I always enjoy having Delta guys on my jumpseat, I look forward to jumpseating on DL and have lots of friends there, I wish the Delta pilot group nothing but the best.

 

[General Lee]

I will be more specific then. How about adding 10 flights a day and flooding the market with flights just like Delta did in ATL when JB had two flights a day to SoCal, then created another airline to match JB, then folded it. Or more recently Bermuda, Nantucket and others. The latest tactic is flooding JFK with Dash 8s to slow up JFK arrivals and departures. You and your company seem to be irrational when it comes to JB. That is what I am pointing out.

As for the pensions, I am sure there are some retired Delta pilots that don't think the way you voted was such a good thing. Hey, you got yours. Nice job. Its why you thump your chest about a company that has taken so much from you personally and the pilot group is something I am trying to figure out.

Don't be so quick to react General. It is a well know fact on this board that you respond to anything and everything on this board, call it diarrhea of the keyboard. I don't chirp up about every Delta thread that is out there, I clearly don't know enough about the matters discussed, nor do I have a dog in that fight, whereas you seem to patrol the boards with 8629 posts patrol the board with an itchy typing finger. What you don't know about JB and other airlines I could just about pinch into the Grand Canyon. Your response time was less than 5 minutes to my post, I am impressed, in a way.

Losing it, I don't take things as seriously as you, I just sit back and enjoy the view and smile watching your company and its the moves it makes to try and slow down a small company. As long as Delta reacts to our actions, I am happy. It means we are doing something right.

I guess SWA had AA and JB has Delta now.

I always enjoy having Delta guys on my jumpseat, I look forward to jumpseating on DL and have lots of friends there, I wish the Delta pilot group nothing but the best.

A lot of those guys who retired just got more money thanks to an unsecured claim of over $500 million that was just sold for over 60 cents on the dollar. They actually did better than they originally thought they would.

And, I do respond a lot on this board. I enjoy it. As an aside, a JB buddy of mine had Neeleman on a flight to MCO recently, and he said DL and the RJs in JFK are driving him crazy.

You too are welcome anytime on our jumpseat.

Bye Bye--General Lee

 

[9rj9]

clear as mud

I think Delta will say anything to keep wall street happy before the release of the new shares. They need a runup in the stock so they can cash out and quickly exit stage left while that redneck Whitehurst runs the new Delta into the ground trying to compete with JB and the other LCC.
What I can't understand is how the DL pilots are so happy with their paycuts(ie GL blowing hard about how great his retirement is) while the top managers get richer.
Bookings better than last year could mean anything. Question is, will you make any money after the smoke clears. I'm sure they will cook the books for a few quarters, pushing items into the future quarters to pump the stock. Will not last forever. Whitehurst will have you back in BK looking for more cuts in less than two years.

 

[737 Pylt]

I think Delta will say anything to keep wall street happy before the release of the new shares. They need a runup in the stock so they can cash out and quickly exit stage left while that redneck Whitehurst runs the new Delta into the ground trying to compete with JB and the other LCC.
What I can't understand is how the DL pilots are so happy with their paycuts(ie GL blowing hard about how great his retirement is) while the top managers get richer.

This just goes to show why jackasses like you should stick to serving coffee rj punk! G Grinstein gave up all executive compensation! Nobody is even sure who the new ceo will be....So I'll say it again loudmouth.....Stick to serving coffee in your rj, punk!

Bookings better than last year could mean anything. Question is, will you make any money after the smoke clears. I'm sure they will cook the books for a few quarters,

If brains were dynamite you wouldn't have enough to blow your nose with a statement like this. Its obvious your knowledge is limited to "special favors," and "would you like some ice with that soda?"

pushing items into the future quarters to pump the stock. Will not last forever. Whitehurst will have you back in BK looking for more cuts in less than two years.

Faster than you in one of those .25 peep show booths, eh?
Get lost rj puke, you're annoying!

737

 

[9rj9]

not a record but close

36 minutes to shake Bill loose.

Ya, he donated the cash to limit his capital gains on the stock he's gonna pocket this year. It's amazing how this deed made the pilot group capitulate. Notice he gave the cash in 07 not 06.

 

[FDJ2]

As for the pensions, I am sure there are some retired Delta pilots that don't think the way you voted was such a good thing.

The pension termination was independent of the DAL pilot contract. The retired pilots had every right in the world to petition the court and prevent DAL's filing to terminate the pension. The retired pilots also got a very nice claim against the company for the pension termination.

 

[Splinter]

Levels of Airline Customer Service:

1. JetBlue/Southwest treatment
2. Everybody else (but Delta)
3. Swift kick in the gonads
4. Prom night baby abandonement in a dumpster
5. Human feces thrown at you
...
And finally. Delta

As a former DCI commuting pilot, I was embarrassed to wear a Delta symbol on my uniform because of the way employees treated the customers (passengers) sitting next to me. How many $ million has Delta been fined for poor treatment of wheelchair-bound customers? Your service sucks and as long as General Lee's and the Atlantatude is there, there is ZERO chance for change. Keep up that Europe expansion where the commonplace Atlanta rudeness is an upgrade from Parisian courtesy.

 

[Wheres the van?]

GL even with GPWS you could never find the high ground,my concern for DLs prospects and a desire to see them pull through have been somewhat tempered by your antics!

 

[xdays]

A lot of those guys who retired just got more money thanks to an unsecured claim of over $500 million that was just sold for over 60 cents on the dollar. They actually did better than they originally thought they would.


Bye Bye--General Lee

General, In the interest of accuracy, the claim that you address above was actually a $650 million claim the active pilots received for DALPA agreeing not to fight the TERMINATION of the pilot's pension plan. Also, it was not just sold, but was sold in blocks over a period of time that equated to the average price that you mention. Retired pilots got claims totalling $500 million whose value has not been determined as of yet. We will be fortunate to average $ .60 on the dollar. Personally, I consider anything I get as found money, as I thought everything was lost.

We're all hoping DAL thrives once it emerges from Bankruptcy. Every employee, past and present, will be the beneficiary.

 

[RJAA]

Delta will say anything right now to make the company sexy before the new stock trading post BK. I hear they want a do this, they are interested in that..yada yada. It doesn't carry that much weight to me for now. But I do agree that the things are looking up. It's like a kid fresh out of school ready to go shopping on the brand new credit card on some sort of false guarantee that money will roll in sometime later.

 

[FDJ2]

General, In the interest of accuracy, the claim that you address above was actually a $650 million claim the active pilots received for DALPA agreeing not to fight the TERMINATION of the pilot's pension plan.

No, the $650 "note" is completely different then the Claim the retired pilots got or the claim the Delta pilots got. All three different animals.

Did the retirees also agree to drop their objection to the plan termination?

 

[General Lee]

Levels of Airline Customer Service:

1. JetBlue/Southwest treatment
2. Everybody else (but Delta)
3. Swift kick in the gonads
4. Prom night baby abandonement in a dumpster
5. Human feces thrown at you
...
And finally. Delta

As a former DCI commuting pilot, I was embarrassed to wear a Delta symbol on my uniform because of the way employees treated the customers (passengers) sitting next to me. How many $ million has Delta been fined for poor treatment of wheelchair-bound customers? Your service sucks and as long as General Lee's and the Atlantatude is there, there is ZERO chance for change. Keep up that Europe expansion where the commonplace Atlanta rudeness is an upgrade from Parisian courtesy.

Wow, that was hillarious. A pompous DCI pilot who knows about Parisian courtesy! Riiiiight. You sure sound worldly... I don't know about you, but I have NEVER seen a wheel Chaired person have any trouble, and if there is a delay, I would get the chair for them. And, we seem to have no shortage of wheel chair'd passengers, so the word must NOT be getting around to them that we supposedly are mean to them. I do think one thing is true though, you have ZERO chance of getting on with us. Good luck with a low cost cargo outfit. Enjoy Mexico late at night.


Bye Bye--General Lee

 

[General Lee]

General, In the interest of accuracy, the claim that you address above was actually a $650 million claim the active pilots received for DALPA agreeing not to fight the TERMINATION of the pilot's pension plan. Also, it was not just sold, but was sold in blocks over a period of time that equated to the average price that you mention. Retired pilots got claims totalling $500 million whose value has not been determined as of yet. We will be fortunate to average $ .60 on the dollar. Personally, I consider anything I get as found money, as I thought everything was lost.

We're all hoping DAL thrives once it emerges from Bankruptcy. Every employee, past and present, will be the beneficiary.

That is incorrect. The retired pilots were given a seperate claim in BK by the DL management and creditors, close to $800 million. If they get 60 cents on the dollar, that would be about $500 million. I know a retired pilot who took half of his lump sum and then thought he had lost the rest. Apparently he just found out he will get $700,000 more (60% of that actually) thanks to that claim. (so, he gets $400,000---not bad when he thought he would get zero).


Bye Bye--General Lee

 

[SellingDirt]

Delta Air Lines: US Bookings Well Ahead Of Last Year

DOW JONES NEWSWIRES
April 23, 2007 12:21 p.m.


By Ann Keeton
Of DOW JONES NEWSWIRES


CHICAGO (Dow Jones)--Executives at Delta Air Lines Inc. (DALRQ) said in a conference call Monday that they were surprised at the strength of domestic ticket bookings for the spring travel season.

Some U.S. airlines reported last week that passenger traffic was weaker than expected, while others said higher-priced tickets were getting harder to sell.

But Delta, which expects to emerge from bankruptcy April 30, said that it "appeared to be operating in a parallel universe" from competitors, perhaps because the Atlanta carrier has trimmed excess capacity in the U.S.

On the international front, where Delta and other airlines have been expanding business, bookings are on track, accelerating with the airlines' growth plans, Delta said.

Delta has been shifting larger aircraft from domestic to international routes, to capture trends in the growth of air passenger traffic. International business traffic continues to drive growth for the airline, which will begin offering service to London's Heathrow International Airport next year.

The carrier said it continues to work at restructuring its regional airline business, which serves smaller U.S. markets.

-By Ann Keeton, Dow Jones Newswires; 312-750-4120; [email protected]
--------------------------------------------------------------------------------------------------


JetBlue CEO Sees Some Softness In Demand Next Couple Months

DOW JONES NEWSWIRES
April 24, 2007 11:04 a.m.


By Stephen Wisnefski
Of DOW JONES NEWSWIRES
Echoing a theme addressed recently by other airlines, the chief executive at JetBlue Airways Corp. (JBLU) said Tuesday that the discount carrier "sees some softness in demand."

Chief Executive David Neeleman said during a conference call with analysts and reporters that "the visibility on softness is just in the next couple of months." He noted that "it's a little bit cyclical" and indicative of what other airlines, such as discount segment leader Southwest Airlines Co. (LUV), are seeing.

Neeleman added that the New York-based airline can slow down its projected capacity growth if needed, noting that six to eight parties are showing interest in purchasing JetBlue aircraft. He said the market for used aircraft is robust.

JetBlue said Tuesday it expects to increase capacity by between 12% and 14% in the second quarter versus the year-earlier period. Capacity for the full year is expected to grow 11% to 13%.

JetBlue announced early Tuesday that it posted a net loss of $22 million, or 12 cents a share, in the first quarter, compared with a net loss of $32 million, or 18 cents a share, a year earlier. Revenue rose $608 million in the latest period from $490 million a year earlier.

Neeleman said during the call that the company is doing all it can to identify ways to increase revenue. He said the company will develop ancillary revenue "within our operating structure."

The first-quarter performance was hindered by the service disruptions caused by two major ice storms during the period. Neeleman said that the company's results would have been close to break-even in the latest period had it not been for the storms, which had a $41 million impact on results. JetBlue posted a pretax loss of $45 million in the first quarter.

Asked if JetBlue had been approached by a legacy carrier about a possible acquisition, Neeleman said that no such conversations had taken place. He also said that the airline wouldn't be interested in being acquired by a legacy carrier.

Neeleman noted that JetBlue is in conversations with international carriers about possible code-share arrangements.

JetBlue shares were down 3.2% at $10.64 in recent trading.


Bye Bye--General Lee

Is this a "mine is bigger than your's" debate. What's your point? Go get a life outside of Flight Info, I really feel sorry for your family (if you have one). Correct me if I'm wrong but wasn't DAL on the brink of shutting the doors about 18 months ago??? Don't throw stones in a glass house my friend....

 

[General Lee]

Is this a "mine is bigger than your's" debate. What's your point? Go get a life outside of Flight Info, I really feel sorry for your family (if you have one). Correct me if I'm wrong but wasn't DAL on the brink of shutting the doors about 18 months ago??? Don't throw stones in a glass house my friend....

I just copied two articles about the same subject---loads. You are the one grouping them together. Maybe you need to relax a bit and take a chill laxative. And, I have a great life outside of Flightinfo. I just had a great workout at the gym. My arms are now buff so I can type for hours on this site. Wow. My wife loves me too.

Bye Bye--General Lee

 

[PCL_128]

Levels of Airline Customer Service:

1. JetBlue/Southwest treatment
2. Everybody else (but Delta)
3. Swift kick in the gonads
4. Prom night baby abandonement in a dumpster
5. Human feces thrown at you
...
And finally. Delta

As a former DCI commuting pilot, I was embarrassed to wear a Delta symbol on my uniform because of the way employees treated the customers (passengers) sitting next to me. How many $ million has Delta been fined for poor treatment of wheelchair-bound customers? Your service sucks and as long as General Lee's and the Atlantatude is there, there is ZERO chance for change. Keep up that Europe expansion where the commonplace Atlanta rudeness is an upgrade from Parisian courtesy.

What a load of sh!t. I commute ATL-DTW, and I make a point of riding on Delta (even if it means leaving an hour or two earlier than the NWA flight) because their customer service is so far and above NWA, and it's usually slightly better than AirTran also. Now, those ASA gate agents are a different story. Rudest group of people I've ever met in my life. Delta needs to clean house down there. It's just not up to par.

 

[737 Pylt]

36 minutes to shake Bill loose.

Ya, he donated the cash to limit his capital gains on the stock he's gonna pocket this year. It's amazing how this deed made the pilot group capitulate. Notice he gave the cash in 07 not 06.

Bill? I thought it was Scott? Make up your mind jackass!

Stick to things you know.....Like, "would you like a cup with ice."

737

 

[chperplt]

Stick to things you know.....Like, "would you like a cup with ice."

737

Let's not forget..... May I take your trash, Sir?

 

[737 Pylt]

Let's not forget..... May I take your trash, Sir?

:laugh: :laugh: :laugh:

737

 

[xdays]

General, In the interest of accuracy, the claim that you address above was actually a $650 million claim the active pilots received for DALPA agreeing not to fight the TERMINATION of the pilot's pension plan.

No, the $650 "note" is completely different then the Claim the retired pilots got or the claim the Delta pilots got. All three different animals.

Did the retirees also agree to drop their objection to the plan termination?

Read my post again. I am not disputing that the retired pilots received an unsecured claim for lost medical and retirement. I was merely correcting GL's incorrect statement that the retired pilots just sold a $500 million claim they received for 60 cents on the dollar. The actual fact is DALPA sold their $650 million claim for an average of 60.5 cents on the dollar. The retires return on their unsecured claim is yet to be determined. The retirees I know did not agree to drop their objection to plan termination. We were not given a vote. DP3, who represents a very small minority of retired pilots, was recognized by the sham court in NY as the bargaining agent for everyone, and they agreed to not object. I can assure you, the majority of retired pilots would have voted against termination if given the opportunity.

 

[General Lee]

Read my post again. I am not disputing that the retired pilots received an unsecured claim for lost medical and retirement. I was merely correcting GL's incorrect statement that the retired pilots just sold a $500 million claim they received for 60 cents on the dollar. The actual fact is DALPA sold their $650 million claim for an average of 60.5 cents on the dollar. The retires return on their unsecured claim is yet to be determined. The retirees I know did not agree to drop their objection to plan termination. We were not given a vote. DP3, who represents a very small minority of retired pilots, was recognized by the sham court in NY as the bargaining agent for everyone, and they agreed to not object. I can assure you, the majority of retired pilots would have voted against termination if given the opportunity.

I love this statement:


"I can assure you, the majority of retired pilots would have voted against termination if given the opportunity."

You think??? Yeah, and they would easily voted to furlough extra people too so they could keep the retirement intact. Sorry, you left town and have no vote. At least you got some of your money back, and the company and the creditors were nice enough to give you an $800 million claim. If we got 60 cents on the dollar, I bet you got something close. Enjoy.


Bye Bye--General Lee

 

[xdays]

That is incorrect. The retired pilots were given a seperate claim in BK by the DL management and creditors, close to $800 million. If they get 60 cents on the dollar, that would be about $500 million. I know a retired pilot who took half of his lump sum and then thought he had lost the rest. Apparently he just found out he will get $700,000 more (60% of that actually) thanks to that claim. (so, he gets $400,000---not bad when he thought he would get zero).


Bye Bye--General Lee

GL, You originally stated the retired pilots just sold their claims for 60 cents on the dollar. I disputed that. You said in the above quote that what I said was incorrect, however you now state "If they got 60 cents on the dollar..". The fact of the retirees claim is if they got 60 cents on the dollar that would just be the beginning. That claim amount will, for most, be issued in the newly issued stock. The dollar amount of the stock, as determined by the closing price after the first day of trading, would then be taxed at 25%, payable either directly to DAL or by DAL selling an amount of shares to pay the tax. Keep in mind, that for the most part this money represents lost retirement, which is usually rolled over into an IRA and not taxed until used. After the taxes are paid, if one sells the stock there will be additional transaction costs. So General, before transaction fees, using the 60 cent figure you throw out, in all likelihood the retirees will actually realize less than 45 cents on the dollar. Again, as I stated earlier, I consider it found money. I retired four years early in order to protect half of my retirement. I did that and have no regrets whatsoever. I only wish the very best for the many great guys I had the opportunity to fly with over 27 years. They are the only thing I have missed since retirement. Of course, the LAS layovers weren't so bad

 

[xdays]

I love this statement:


"I can assure you, the majority of retired pilots would have voted against termination if given the opportunity."

You think??? Yeah, and they would easily voted to furlough extra people too so they could keep the retirement intact. Sorry, you left town and have no vote. At least you got some of your money back, and the company and the creditors were nice enough to give you an $800 million claim. If we got 60 cents on the dollar, I bet you got something close. Enjo


Bye Bye--General Lee

How'd you vote, General

 

[General Lee]

How'd you vote, General

After reviewing the facts, I voted YES. I thought being in BK provided us with limited ammo, and the BK judge wasn't doing us any favors. We probably were within 2 weeks of liquidating before we got that extra $2 billion loan, and that is reality. You were lucky enough to get half of your sum, which probably was pretty large if you flew 27 years. The second half could have gone away totally, and you are right, this new amount is "found money." If you didn't sell your claim, then you risk losing a lot of it if the stock tanks and you don't get it all right away to sell it. If the stock does great, you may be able to recoup all of your pension eventually. Live long and prosper.


Bye Bye--General Lee

 

[FDJ2]

Read my post again. I am not disputing that the retired pilots received an unsecured claim for lost medical and retirement. I was merely correcting GL's incorrect statement that the retired pilots just sold a $500 million claim they received for 60 cents on the dollar. The actual fact is DALPA sold their $650 million claim for an average of 60.5 cents on the dollar.

That is absolutely not a fact. There is no $650M claim sold for 60 cents on the dollar. That was the point I was trying to make.

The retires return on their unsecured claim is yet to be determined. The retirees I know did not agree to drop their objection to plan termination.

The retired pilots did settle with the company and received $800M in Claims.

"Retired Delta Pilots to Receive a Total of $800 Million in Claims to Help Recoup Lost Pension Benefits

ATLANTA, Nov. 27, 2006 – Delta Air Lines today announced that working with DP3, Inc., the group representing a majority of Delta’s retired pilots before the bankruptcy court, it has secured the support of the Official Committee of Unsecured Creditors to allow an additional estimated $719 million in unsecured, pre-petition claims for non-qualified pension benefits for its retired pilots. Together with claims already approved in a prior settlement with DP3, retired Delta pilots and their beneficiaries now will have a total of approximately $800 million in allowed claims."

We were not given a vote. DP3, who represents a very small minority of retired pilots, was recognized by the sham court in NY as the bargaining agent for everyone, and they agreed to not object.

With all due respect, you were not given a vote because you quite frankly are not entitled to one. Neither are pilots on furlough, MLOA, LTD, PLOA etc who are not dues paying members of the council. If you wanted a vote on this matter, and you retired early, you could've stayed active, but if you opted to leave early, then you simply chose a different path. I hope it works out well for you. Also, it was the same court we had to deal with and DP3 apparently represented a majority of retired pilots.

I can assure you, the majority of retired pilots would have voted against termination if given the opportunity.

Of course they would have, that was the only stake they had in the company. I assure you the majority of the retired pilots would have voted for deeper cuts, fewer work rules, no vacations, fewer off days in order to keep pension, since none of that matters to them now that they are retired. Perhaps that's why they don't get to vote on a contract they don't have to live under.

BTW, there was no vote to terminate the pension.

 

[xdays]

Of course they would have, that was the only stake they had in the company. I assure you the majority of the retired pilots would have voted for deeper cuts, fewer work rules, no vacations, fewer off days in order to keep pension, since none of that matters to them now that they are retired. Perhaps that's why they don't get to vote on a contract they don't have to live under.

You obviously don't know the same retirees that I know if you think that.

BTW, there was no vote to terminate the pension.[/quote]

BTW, there was an agreement not fight the termination. Contrary to the written word, DP3 did/does not represent the majority of retired pilot's.

 

[Benhuntn]

I remember several yrs ago booking were up, problem was they lost 16 bucks for every boarded passanger. I hope it goes much better for you this time.