Delta's Retention Program isn't working

[N2264J]

Re: $5 Billion Short?

Posted from the referenced article:

"...Delta's employee-pension obligations are underfunded by about $4.9 billion..."

That is a significant chunk of change...If management can solve that one, then maybe they are worth something.

I suspect that ASA and Comair pilots find the Delta pilot's demand to management somewhat insincere that concessions from "all stakeholders" be obtained to, in effect, help pay that $5 billion dollar retirement bill.

I could be wrong but I don't think that debt is the responsibility of the ASA or Comair pilots.

 

[jarhead]

Not to worry......The Pension Guarantee Trust Corporation (translated: U.S. Taxpayers) will be required to make up most of the shortfall.

 

[N2264J]

Re: $5 Billion Short?

Not to worry......The Pension Guarantee Trust Corporation (translated: U.S. Taxpayers) will be required to make up most of the shortfall.

Ah yes. They'll stick it to the tax payers...hey, wait a
minute - that's me!