Delta to add service from Seattle to Boise, Denver, Ketchikan, Sitka, and boost more

[OState597]

This message is hidden because General Lee is on your ignore list.

Again, this is the single best feature on FI now. General Lee is the typical arrogant pr!ck and bad apple that every airline has. "The History of Delta Airlines" movie runs through his veins while he belittles and talks down on others.

His best feature --- BRAGGING

 

[General Lee]

This message is hidden because General Lee is on your ignore list.

Again, this is the single best feature on FI now. General Lee is the typical arrogant pr!ck and bad apple that every airline has. "The History of Delta Airlines" movie runs through his veins while he belittles and talks down on others.

His best feature --- BRAGGING

It's great you can't read this but everyone else can. You couldn't debate your way out of a paper bag. It's not my fault you are miserable.


Bye Bye---General Lee

 

[Old School 737]

The market will decide, and one of the sides will make $6 billion in profit next year if oil stays low. That's important, primarily because that will fund even more expansion.


Bye Bye---General Lee

How about paying off debt first ?

 

[General Lee]

How about paying off debt first ?

Uhhhhhhh, DL had $18 Billion in debt in 08 I believe, and it's down to $7 billion, and will be down to $5 billion by 2016. I believe some companies hold on to some debt (a limited amount) for strategic reasons (to hold off corporate raiders), but that's a heck of a lot of debt shed in a relatively short amount of time. That means DL is a revenue monster, and lower oil means even more money will be made.

Good try, though. AA has about $20 billion in debt now. Seems like one airline is way ahead of the others.



Bye Bye---General Lee

 

[Green Banana]

Ok, How about paying your pilots their promised retirements?

 

[General Lee]

Ok, How about paying your pilots their promised retirements?

Uhhhhhh, promised retirements? Come on now. The pensions were, as you know, were stopped in BK. But, the defined benefit program was replaced with a DC plan that is now in each pilot's name. A lot changed after the UA/US/DL BKs, including the law. AA tried to dump the AA pilots frozen pensions, but the Govt doesn't allow that anymore. So, the DC funds try to make up for it.

It's actually a pretty good deal, 15% (UAL is 16% currently) of whatever a pilot makes each month is ADDED to their pay into a retirement account, and the pilot doesn't have to add a dime of his/her own unless they want to add more. Even the profit sharing check has an additional DC fund contribution by the airline. (And the profit sharing check can be added into the DC fund too) That means the Govt set limits per year are met faster, and more money can stay in the pilot's pocket if they don't want to add money themselves.

Oh and DL does pay pensions for the FNWA pilots who didn't lose theirs in the their BK, but instead chose larger pay cuts at the time. Soooo, they do pay pensions for some pilots. The FNWA pilots just now, 5 years after the merger of lists, start getting a DC fund contribution starting Jan 1, 2015. That allowed each side the ability to get close overall. And, the DL side did get money as "debt holders" in the exit of BK, as negotiated by ALPA at the time of BK. Most pilots got money that was immediately invested in the 401Ks (filled up previous years to the max) and then got cash that was taxed also. Even the furloughed pilots got fairly large sums of cash that was invested for them.

Overall, it was terrible the pensions for the DL pilots were stopped (only frozen for the FNWA pilots) in BK (the law has been changed since then), but the DC plan has been a pretty good replacement for the remaining DL and UAL pilots.



Bye Bye---General Lee

 

[Green Banana]

Wow, I had no idea you got such a GREAT deal! You must be very proud.

 

[General Lee]

Wow, I had no idea you got such a GREAT deal! You must be very proud.

No, you just had no idea what you were talking about. You're welcome.



Bye Bye---General Lee

 

[HowardBorden]

Good try, though. AA has about $20 billion in debt now. Seems like one airline is way ahead of the others.

I agree, one airline is way ahead of the others with regard to debt, and it isn't Delta.

 

[BILL LUMBERG]

Debt is getting paid way down like GL said.....on top of profitable ops, they are going beyond to pay it off.

I read somewhere in the company rag that after this year's debt levels are paid down below 7 billion it saves us 614 million a year in interest compared to the day of corporate signing of the merger. Apparently getting below 5 will save 110 million YOY. My numbers are a wag...not sure if they are exact but I'm happy somebody is minding the store.

I agree with GL...having a little corporate debt (not equipment trusts) is a corporate raider pill.