"Furlough Protection" for the Deltoids

[Tanker Clown]

Great....looks like Delta is resorting to Arthur Anderson for book keeping. This type of creative accounting didn't work too well for Enron.

 

[Jmoney]

Explain please.....

This statement goes to show you are totally ignorant about accounting rules.

Give us your enlightened, eperienced definition, sir.

-You will find that I have given mine-plus I have explained what "goodwill write-offs" really are. Since you have such a vast knowledge of these rules and the effects of multiple billion dollar write-downs on businesses, please go ahead and enlighen us!

-Hint: I do know a little about these rules, and I have concluded that this is a stupid thing to be doing, but go ahead and prove me wrong. Maybe there are "synergies" in write downs I am unaware of......

Please just don't insult everyone's intelligence like the General has by stating that it is "just a paper loss." That is sub-par by any standard.

 

[Jmoney]

Hmm....

NO FORLUOGHS!!!!:angryfire:angryfire

I think the notice you will receive will be known as a "Furlough notice," probably not a "FORLUOGH notice."

-Perhaps they provide special ones for persons afflicted with your special form of mental retardation.

-Gongrats, Instructorfool..

 

[ACL65PILOT]

Fact is that the new hires can be furloughed with out much impact to the operation.
Scope (RJ flying) will not be impacted until they go above TK. The 76 seat jets will continue to fly with 76 seats in them.
All of the new hires could be used as fodder, but it will take more than oil to do it. The protection is written with specifics but also very general with a lot to interpret. Personally I am not very worried, until after the merger.
I personally think that if they furlough from NWA when the lists are merged us DAL boys will have to feel some of the pain as well. It is a big IF though. With all of the aircraft coming to DAL in the next few years it is a lot cheaper to keep pilots on property than to go through the hassle of letting them go to bring them back in six to twelve months to fill the seats of the 777LR.

 

[av8tor4239]

I actually watched a re-run of the congressional sub committee hearings on CSPAN last night.. Very interesting to say the least....

The short of it from my view was that the congressmen did not buy the executives BS. There were alot of good things to be said. One obvious point the chairman made was that the execs were going to make millions and millions in personal monitary gain where as the labor force and the general flying public was going to suffer..

The other thing he said is that usually mergers reduce competition, but in this case it is looking like it is going to increase competiion and make travel more difficult and complex while linig the pockets of a few execs..

I DID NOT SAY IT, THE CHAIRMAN OF THE SUB COMMITTEE SAID IT.

I dont thingk this thing is going to happen

 

[Tanker1497]

Jmoney...

I think the notice you will receive will be known as a "Furlough notice," probably not a "FORLUOGH notice."

-Perhaps they provide special ones for persons afflicted with your special form of mental retardation.

-Gongrats, Instructorfool..

Thanks for pointing that out. Your eperience posting on this board has taught you much.

 

[Tanker1497]

Give us your enlightened, eperienced definition, sir.

-You will find that I have given mine-plus I have explained what "goodwill write-offs" really are. Since you have such a vast knowledge of these rules and the effects of multiple billion dollar write-downs on businesses, please go ahead and enlighen us!

-Hint: I do know a little about these rules, and I have concluded that this is a stupid thing to be doing, but go ahead and prove me wrong. Maybe there are "synergies" in write downs I am unaware of......

Please just don't insult everyone's intelligence like the General has by stating that it is "just a paper loss." That is sub-par by any standard.

I meant to say your "experience".

 

[Speedtape]

I actually watched a re-run of the congressional sub committee hearings on CSPAN last night.. Very interesting to say the least....

The short of it from my view was that the congressmen did not buy the executives BS. There were alot of good things to be said. One obvious point the chairman made was that the execs were going to make millions and millions in personal monitary gain where as the labor force and the general flying public was going to suffer..

The other thing he said is that usually mergers reduce competition, but in this case it is looking like it is going to increase competiion and make travel more difficult and complex while linig the pockets of a few execs..

I DID NOT SAY IT, THE CHAIRMAN OF THE SUB COMMITTEE SAID IT.

I dont thingk this thing is going to happen

I watched it also--twice! I agree with your comments, and I heard what you heard!

The Execs made a compelling argument. As in any sales job, they only stated the positive. The Politicians in attendance know the song and dance!

The second panel had two labor officials, one Economist, and one Chamber of Commerce leader from the Greater CVG area. Their positions were predictable, but interesting. The MTC Labor Chief was against the merger and called for some form of reregulation. The Chamber of Commerce rep supported Delta's business plan because he has no choice, thinks Delta MGMT will do what's in Delta's best interest, and will positively affect his community because he has been given assurances. The Economist, armed with history, a purveyor of a voodoo and questionable science, and a fortune teller who cares nothing about the very real employee impact, supports the merger, but certainly questioned the CEO's statements that no hubs would be closed! The AFA leader claims she and her group had no position because they had no information since they were not invited to the table. She did snitch on the CEO's, especially the Atl one, saying that his MGMT was aggressively fighting the Union drive and interfering with the workers' rights to organize.

This deal will be approved! The Politicians may go through the motions of a perfunctory review, they certainly will do alot of honorable and worthy "Grandstanding," they may have some input into the merger conditions, but make no mistake, this merger will be approved!

There are more compelling reasons to approve the merger, than to disapprove it. Delta and Northwest have been preparing for this since they first signed their marketing agreement several years ago. They can successfully argue that there is miniscule competition concerns, on the surface they can demonstrate that they are addressing the employee impact issues, they can create the concerns of the power of the foreign carriers and a need to compete with them, they can argue the efficiencies of combinging the two companies, and they can offer the strengths and advantages of merging 2 companies with the end to end combining of resources.

They have also employed or contracted with some very powerful Lobbyists and media firms to court the Political Power Brokers in Congress--both House and Senate! They are being led by Trent Lott, the former powerful MS Senator who recently headed up the Aviation Sub-Committee. In addition, they have some very powerful Corporations and their lobbyists, alligned with them. The short list includes Coca Cola, Federal Express, GE, 3M, General Mills, CNN, all the American car manufacturers, and any other international companies based in any of the respective hubs. Why? Better potential travel opportunities throughout the world will exist for all these companies with an approved merger!

Like the Verizon commercial, Delta and NWA have their network following them into this journey!

The Fat Lady will be singing later this Fall! Book it!

 

[Heavy Set]

You an the General been hanging out at the Kool Aid fountain?



Evere hear the term;Force Majure? You can bet your pink hinie that the no furlough language mentions this. It means greater force as in oil prices which are beyond the control of any airlne. I have to agree with ol Frank-it is not worth the paper it is written on.

Didn't someone say the price of oil and the economy were listed as things they cannot furlough for? If that is true, force majeur wouldn't stand in court. I guess they could try, but I don't know....

 

[737 Pylt]

Great....looks like Delta is resorting to Arthur Anderson for book keeping. This type of creative accounting didn't work too well for Enron.

Dude:
You should be more concerned with the men and women you're sleeping with in your really cool website!
You should probably get right to the hospital and get that shot you need. Before you now it you'll be back up and around serving coffee and making copies!:laugh:
Now log back in as jhomo and say something really stupid!

737

 

[Bdfg1]

Dude:
You should be more concerned with the men and women you're sleeping with in your really cool website!
You should probably get right to the hospital and get that shot you need. Before you now it you'll be back up and around serving coffee and making copies!:laugh:
Now log back in as jhomo and say something really stupid!

737

6.4 ba ba ba BILLION! :laugh:

 

[becket]

It's stated in the LOA that the price of oil, among other things, cannot be considered force majeure.

Sure, I'm sure they'll use their "best effort" to make sure that doesn't happen...

a no furlough clause is cheaper than toilet paper.

 

[Jmoney]

Confused.....

Dude:
You should be more concerned with the men and women you're sleeping with in your really cool website!
You should probably get right to the hospital and get that shot you need. Before you now it you'll be back up and around serving coffee and making copies!:laugh:
Now log back in as jhomo and say something really stupid!

737

Please forgive me, General... I have a serious question.

Is that supposed to be an insult of some sort, or is it like some strange code? I mean, random words stung together in no particular order with no particular purpose or point wouldn't qualify as in insult in many circles.....

Maybe you just let that pet baboon (Instructorfool) get at the keyboard again.... That sure would explain some stuff.

 

[instructordude]

Jmoney is a jerk!

 

[ACL65PILOT]

Fact is that we are a commodity and we will be bought and sold as need be. We all know it.
Everyone at the bottom of the list knew the risks when they came here. If it happens it happens. We all hope that it does not, but will deal with it if it does.
I am not worried about it yet....