Delta has a TA

[sleepy]

I saw on one of those cable financial channels that it is a 35% pay cut. They didn't mention work rule changes, but there must be many.

Probably still too little too late with the cost of fuel, no hedging, and the unwillingness of the bond holders to take the DAL deal.

 

[DDpaysoff]

Probably still too little too late with the cost of fuel, no hedging, and the unwillingness of the bond holders to take the DAL deal.

Bondholders deal is in the works. See GE, DIS. News will be announced in pieces. Piltot deal and debt renegotiations were contingent on each other. $50 oil is very short term. Unless we have a horrific winter oil should be below $40 soon and mid-low 30's by mid next year. Can't beleive there are still naysayers out there. You have to look five years ahead, not five months. DAL and AMR will be strong competitors in the future because of these deals.

If you people would have looked at cash flow for the last two years and not manipulated numbers you would see the potential there. Oil was a wildcard and that put a dent in the plans, but the company was not far off from profitability. Both parties win with defined pension. Just watch the stock for the next several months/years. Stop buying everything the press is selling and do some research. Maybe next time you won't miss the boat.

 

[sleepy]

So no more A Fund? But you can buy 30 million shares of DAL stock.

Does any major airline still have an A Fund?

 

[DDpaysoff]

30 million at 6.00 = 180 million. Makes you wonder how far off they were months ago when they offered 700 million. Unfortunatley, the 30 million will dilute the share price a bit and limit the pps a while. However, with frozen pension benefits I see it as a win for DAL pilots. Just look at what UAL is trying to do. I would imagine they would probably get a 10-15% discount on the shares too. Not really any of my business, but as an outsider it looks like they did well. Anybody know if they were awarded a seat on the board?

 

[737 Pylt]

There are many nice folks at every carrier out there. I did not say the Delta MEC said anything. I'm just typing what I read here on this official aviation fourm... as fact, from the pilot ranks.

Well then if you read it here, it must be fact! Get your head out of your arse!
737

 

[General Lee]

Sleepy and his "source" (A guard at the G.O. on VA Ave) still are hoping for a Chap 11. I think Grinstein is still working to stop that. But you never know I guess---at least that is what the guard said.....



Bye Bye---General Lee

 

[English]

Does any major airline still have an A Fund?

Aloha is not a major, but we have an A and a B fund.

I think Alaska does as well.

 

[Oakum_Boy]

I was appraoched for an interview with the local news today on VA ave. I declined but some homey in a pimp suit driving a porsche claimed to work for Delta happily did. The first question was about the pilot pay cuts. Didn't hear what he was saying but I don't even think he worked for DL. I am embarassed for this city and its news channels.

 

[sgu]

I declined but some homey in a pimp suit driving a porsche claimed to work for Delta happily did.

I thought Gordon Bethune was with CAL.

 

[General Lee]

That was our VP of Flt ops......(just joking if he is reading this......I love you....)



Bye Bye--General Lee

 

[atrdriver]

That was our VP of Flt ops......(just joking if he is reading this......I love you....)



Bye Bye--General Lee

No, it was probably OUR VP of flight ops...