DELTA CEO - got a raise

[SWA/FO]

Click and paste special....... Nice, Huh? I guess he deserves it?

WASHINGTON (Dow Jones)--Delta Air Lines Inc. said Tuesday that it paid its chairman and chief executive, Leo F. Mullin, a salary of $795,000 and a bonus of $1.4 million in 2002, compared with a salary of $596,250 and no bonus in 2001, according to a proxy statement filed with the Securities and Exchange Commission (News - Websites).
ADVERTISEMENT

Delta granted Mullin options for 963,000 shares of the company's common stock in 2002, including options for 450,000 shares granted for renewing the executive's employment agreement, the filing said.

Also, for renewing the agreement, Mullin received 150,000 restricted stock units valued at $1.8 million.

Other Delta executive officers also received bonuses in 2002.

Excluding options, President and Chief Operating Officer Frederick W. Reid received a bonus of $1.2 million, Executive Vice President and Chief Financial Officer M. Michele Burns received $846,000, Executive Vice President and Chief Marketing Officer Vicki B. Escarra received $761,400, and Executive Vice President for Human Resources Robert L. Colman received $542,850.

Delta said the 2002 executive bonuses are achieving annual financial goals, effectiveness and efficiency objectives and key initiatives that were specifically linked to a difficult business environment.

As reported, Delta said top executive officers didn't get any bonuses in 2001 because the events of Sept. 11 had a serious impact on the company and the airline industry.

On Monday, Delta joined a growing number of airlines that have announced plans to decrease network capacity in response to military action in Iraq and declining passenger demand. The airline said it would cut capacity by about 12%. Delta has also said it expects to report negative cash flow from operations for the first quarter.

 

[FlyBoeingJets]

Can you say, "Pat yourself on the Back"?

For what?

Look at the last paragraph. Cutting capacity by 12%. How much did the capacity increase at ASA and Comair?? Not only are they cutting capacity but they are trying to cut salaries (I know, I know the Delta guys ARE overpaid in this environment). But they are doing what it takes to break labor's knee-caps

All that spells success in business.

And no, I'm not happy with it.

 

[sleepy]

The capacity at ASA has not grown a bit. We are retiring the E-120 aircraft, and have a net loss of aircraft for the year. I don't know about Comair. The growth seems to be at Chit. I hear they are hiring 60 per month to take over flying at our DFW hub.

 

[PROFLYER]

Sleepy,

You're wrong about capacity not increasing at ASA. Take a look at our Jan/Feb traffic results...both show significant ASM growth. While our fleet size is not growing, our seat miles (ie-capacity) continues to grow since the E120's are being replaced by significantly larger aircraft (CR2/CR7). I know this isn't providing growth from a pilot aspect, but we are indeed continuing our seat mile growth in excess of 20%. From what I hear, it's primarily our management that has made the decision to retire the E120's so fast. While it certainly isn't a good thing from a pilot perspective (aircraft replacement vs. growth), it will make ASA a stronger company in the long run. Of course I wish we were getting all the growth, but let's not forget that in this industry we're in today...things at ASA are pretty darn good!

 

[Networ-King]

Pro Flyer,

Don't be surprised if mother delta starts to transition more of the flying from mainline to DCI. And no.... it won't be you guys or Comair. Management thinks that you guys are getting paid way too much for a regional airline pilot. I know I know there is nothing regional about you guys......, but there is always someone out there that will do it for cheaper. Can anyone say Sh!T AQUA? Look whats happening in MCO and CMH. I just cant believe that sh!taqua pays less then TWE. Oh well........ at least I can keep doing what all pilots are known for. Bitching!!!!!!!!

 

[sleepy]

Ok, you are right our capacity is growing. However, once the E-120's are gone, I feel like that will be it for a while. I just don't see us growing much until the contract is settled. The Comair CEO is down in ATL every month telling the DAL CEO that we (ASA) are going to strike and cost them a big wad of cash. I see all of the growth going to Chit right now.

Yes, there is always somebody out there that will do this job for less. I guess they are willing to do it for the experience. I just wonder where they think they are going to use all of that experience in the future. That said, I have not heard any news about DAL asking ASA or Comair for cuts in wages and benefits. Maybe it will happen, but for now they seem happy with our high profit levels, and do not want to risk messing with our employees.

 

[jetflyer]

??

The growth seems to be at Chit. I hear they are hiring 60 per month to take over flying at our DFW hub.

CHQ is going to be flying into DFW for DAL!!!????

 

[PROFLYER]

FYI-

Chitaqua starts DFW ops in April with flights to PNS, ELP, CMH, ICT, OKC. I agree that they are a real threat to ASA growth, but according to everyone in ASA management I've talked to, we're getting RJ's just as fast as we can. One of our biggest problems is production problems and of course the numerous CR7 problems. Additionally, with the extra RJ's Chitaqua has after AmWest closing their CMH hub, it makes sense that they'll be getting some new flying. Time will tell how this will effect us.

I don't buy the argument that we're losing flying due to the threat of a strike. Having been through contract negotiations at other carriers, I can tell you our negoitations are going pretty well right now. We aren't even remotely close to a strike situation. That wouldn't even be a posibility for at least a couple years. While it's certainly something for management to consider, with 6 regional partners, DAL with always have one pilot group in negotiations. They aren't going to run their entire business strategy based on who is in pilot contract negotiation.

 

[sleepy]

I was told by a high level union rep that the Comair CEO is trying to plant the seed in DAL management's collective mind that we will end up striking, and that that will cost DAL a lot of money. That cannot help our growth. I agree that the contract talks are going well now. The thing is, that the difficult sections have not been discussed yet (compensation, scheduling, benefits). We will see how that will go soon enough.

I know that Skip would like to complete the contract this year. I have heard that once it is completed, we will grow again. I hope we are able to drag it out for a few years, until the war is over and the economy can start to recover. If not, we could end up with a Chit contract.

 

[jetflyer]

I know a lot of Comair guys were hoping that the past rumors of a Comair domicile in Dallas would come true. Now I see that the undercutting by Chit may have had some influence on Comair not going there. This is chitty.......

 

[General Lee]

Jetflyer,

Doesn't it suck when cheaper labor undercuts you and eventually overtakes your flying? Tell me about it. That is why you need scope. This is a wake up call to all of the RJDC guys. All I have to say to them is, "HA HA----now it is happening to you!!!"


Bye Bye---General Lee

 

[jetflyer]

General,

Naaaa, when my breath stinks i use listerine

JK scope is pretty good too. Delta has some scope though, Comair and ASA don't, which does suck.

Jet

 

[sleepy]

Jetflyer,

Doesn't it suck when cheaper labor undercuts you and eventually overtakes your flying? Tell me about it. That is why you need scope. This is a wake up call to all of the RJDC guys. All I have to say to them is, "HA HA----now it is happening to you!!!"


Bye Bye---General Lee

General, is that the cheaper labour at ASA and Comair, or the cheaper labour at United and USAir? Or is it the cheaper labour at SWA, AirTran, and JetBlue? Scope can protect some of your flying from the WO's (unless your carrier goes bankrupt), but it can't protect you from the pay concessions at other major carriers that will allow their airlines to under-cut you. It can't stop the discount carriers from stealing your business.

General, the next time you pass and ASA or Comair pilot in the terminal you should thank them for helping your airline to remain in business (oh, I forgot, DAL pilots never speak to us in the terminal). You can't really blame us for your problems can you, since your contract allows us to exist, right? If every ASA and Comair quit flying tomorrow it would not do a thing for your furloughed pilots, Chit and ACA, Skywest, etc. would be the one who would benefit.

 

[General Lee]

Sleepy,

You are really "getting off" on this kick that all of us "don't even look at you in the terminals." What? That is rediculous. I guess I don't even talk to them when they are in our jumpseat too, right? My point was that cheaper labor can be easily used to take over the routes that you used to fly, just like what has happened to us. Beleive it or not, you guys are paid less than we are: hence cheaper labor. I am not putting you down----it is just a fact. And Chit-talk and Mesa are paid less than you, and Chit-talk is now taking some of your routes in FLA, and now starting DFW in April. I know it is all business, and I have nothing against you and I also flew for the regionals. I am just pointing out that our problem with "cheaper" labor taking our routes is now happening to you as well. Before you know it, the Chit-talk and Mesa guys will create their own version of the RJDC---now called the CRJDC----or "Cheap Regional Jet Defense Coalition" against you guys and take you to court. Why are you taking away their right to fly cheaper and take your routes? Huh? You are taking away their right to grow!!! Oh, that's right, you haven't taken that away from them, YET. You will, or you will shrink.

Bye Bye---General Lee

 

[Heavy Set]

What goes around comes around....

Good point General Lee.

I hope the Comair and ASA guys can now sympathize with their Delta brothers a bit - Chit Talk and Mesa are cheaper and are supplanting your operations. You will continue to lose routes if Chit Talk and Mesa can do it cheaper... Orlando is a wonderful place to live - too bad Chit Talk pilots will be replacing Comair pilots there because they are cheaper... I am sure the Comair pilots are NOT happy about that... But that's just business, right?

What goes around COMES around.... Taking your own medicine sometimes hurts......

Sleepy, maybe you can understand the General a little better when he becomes a little defensive concerning scope, etc........

 

[sleepy]

Re: What goes around comes around....

Good point General Lee.

I hope the Comair and ASA guys can now sympathize with their Delta brothers a bit - Chit Talk and Mesa are cheaper and are supplanting your operations. You will continue to lose routes if Chit Talk and Mesa can do it cheaper... Orlando is a wonderful place to live - too bad Chit Talk pilots will be replacing Comair pilots there because they are cheaper... I am sure the Comair pilots are NOT happy about that... But that's just business, right?

What goes around COMES around.... Taking your own medicine sometimes hurts......

Sleepy, maybe you can understand the General a little better when he becomes a little defensive concerning scope, etc........

I have no concern about class action lawsuits, they seldom succeed. I am not worried about Mesa flying for DCI, they cannot because of your scope (thanks, BTW). Why do you DAL guys always focus on ASA and Comair, when your airline is losing market share to AirTran, JB, and SWA (all with lower pay than you). Don't forgit the pilots at USAir and U that are putting downward pressure on mainline wages. Yes, we at ASA are taking over a lot of the flying that your guys once did. Who's fault is that? It is you scope, so it is your fault. Again, why don't you guys thank us for keeping DAL market share and frequency, and feeding pax that you would not otherwise have?

I do not have a problem with scope, I want scope for ASA. I want us to do all of the 70 seat and below flying, and I am not after anything more than that.