How Obamacare is affecting Delta

[EngineThunder]

Red,

11 fleets and bankruptcy gives a $500 million profit for July. That might be more than you make in 3 quarters. Any more questions?


Bye Bye---General Lee

Left out an important fact general.

 

[PBRstreetgang]

Left out an important fact general.

Like the fact that he is 5'2" 295lbs, and lives in his moms basement or more importantly, has never flown anything other than his desktop Commodore 64?

 

[redflyer65]

Red,

11 fleets gives a $500 million profit for July. That might be more than you make in 3 quarters. Any more questions?


Bye Bye---General Lee

20% from outsourcing. A job well done General!

Maybe I should add the Connection fleets in that number as well...

 

[EL10]

Ummm, that's not correct. If pre tax profits exceed $2.5 billion in one year, the pilots receive 20% of what is in the profit sharing pie, up from 15%. If DL doesn't make $2.5 billion, then yes, yes it does fall to 10%. How are we looking so far? Q1 had the first profit in 5 years for that quarter. Q2 was huge too. Gas prices were expected to be higher. If July alone had $500 or so million, how about June and August? I'd say there is a good chance DL makes the $2.5 billion pre tax profit, with lower gas prices helping out.

Any more things you are confused about Jonny? Say hi to your Mom and Sis for me!


Bye Bye---General Lee

One correction. The 20% is company wide that goes into the pool. Not 20% to pilots only. Do not forget that even as the great June profit DAL is returning money to shareholders in dividens.

 

[Dornier 335]

Like the fact that he is 5'2" 295lbs, and lives in his moms basement or more importantly, has never flown anything other than his desktop Commodore 64?

I'd agree with you on all the above except one thing, he's not cool enough for a C-64, I'd suggest something like a Tandy 286.

 

[General Lee]

Left out an important fact general.

You also left out an important fact......? You're an idiot.


Bye Bye---General Lee

 

[General Lee]

I'd agree with you on all the above except one thing, he's not cool enough for a C-64, I'd suggest something like a Tandy 286.

And you're still a third lister paid like a regional pilot, waiting for the Westies to come in and take their rightful place as your Capt. I can't wait.


Bye Bye---General Lee

 

[General Lee]

One correction. The 20% is company wide that goes into the pool. Not 20% to pilots only. Do not forget that even as the great June profit DAL is returning money to shareholders in dividens.

There is a profit sharing pool for employees. If DL makes more than $2.5 billion pre-tax, then the pilots get MORE than they did in the previous contract. Thanks to the 1st Quarter profit this year (the first Q1 profit in 5 years?), the profit sharing will probably atleast be equal to last years, which didn't have a Q1 profit and associated money put into the profit sharing pool. That is good.


Bye Bye---General Lee

 

[General Lee]

20% from outsourcing. A job well done General!

Maybe I should add the Connection fleets in that number as well...

Thanks to you and your paid for 717s you are handing us, and the parking of 215 total 50 seaters (with a total of 140 Fewer RJs overall), that outsourcing number is decreasing. You can't do it all at once, and the other legacies don't have a plan anywhere near that. Red, DL really is scaling back the outsourcing, they have to, it's in the contract. What do you think you will lose in your next contract? Sounds like GK wants you to become a true LCC again. Good luck with that Red!


Bye Bye---General Lee

 

[formerdal]

Ummm, that's not correct. If pre tax profits exceed $2.5 billion in one year, the pilots receive 20% of what is in the profit sharing pie, up from 15%. If DL doesn't make $2.5 billion, then yes, yes it does fall to 10%. How are we looking so far? Q1 had the first profit in 5 years for that quarter. Q2 was huge too. Gas prices were expected to be higher. If July alone had $500 or so million, how about June and August? I'd say there is a good chance DL makes the $2.5 billion pre tax profit, with lower gas prices helping out.

Any more things you are confused about Jonny? Say hi to your Mom and Sis for me!


Bye Bye---General Lee

Actually, this is not correct!

We receive profit sharing of 10% on profits up to 2.5 billion and 20% only on the amounts OVER 2.5 Billion....for someone with so much attitude you would think you would know this...

 

[General Lee]

Actually, this is not correct!

We receive profit sharing of 10% on profits up to 2.5 billion and 20% only on the amounts OVER 2.5 Billion....for someone with so much attitude you would think you would know this...

My point, again, is that if the profit goes over $2.5 billion, the pilots make more than the last contract's profit sharing scheme. Throw in the fact that last year (Jan to Jan of the year) the DL pilots got a 16.5% raise, I'd say the raise trumped the profit sharing difference between contracts, and thanks to lower gas prices, it will exceed it by a lot anyway.

Is that enough for you? I don't care.


Bye Bye---General Lee

 

[HowardBorden]

outsourcing number is decreasing. You can't do it all at once

Everyone knows you can't do it all at once. The real point is you shouldn't have done it in the FIRST PLACE!

 

[Flyer1015]

Well, as the stock market gets better, so does the fund. Also, it appears DL is making enough to start paying down that pension fund in fairly large chunks, I think they paid $558 million in accelerated payments in 2010, and higher profits and a better market ensure more of that.

How's your pension at VA going? I bet my 401K and DC fund contributions were more than your total pay last year. If not, it was close.


Bye Bye---General Lee

Like a politician, you didn't answer the question and then went on an offensive. By the time my airline started flying, you had already voted in 32.5% concessions. That's besides the point. I realistically don't expect a 53 airplane operation to have the same retirement plan as a 600+ plane legacy. Now back to the main point since you are such a cheerleader on all things Delta, how underfunded is the Delta pension? Last I heard it was on the order of 6 billion with a 'b'.

 

[General Lee]

Like a politician, you didn't answer the question and then went on an offensive. By the time my airline started flying, you had already voted in 32.5% concessions. That's besides the point. I realistically don't expect a 53 airplane operation to have the same retirement plan as a 600+ plane legacy. Now back to the main point since you are such a cheerleader on all things Delta, how underfunded is the Delta pension? Last I heard it was on the order of 6 billion with a 'b'.

1015,

With huge profits and a better market, that underfunding is being addressed, by smarter people than you and me. As I pointed out, they were already paying accelerated payments in 2010 ($558 million that year), and I would think they are watching it. I don't know the amount personally, I guess you do for some reason, but with savings from "Endevor" and bag fees, I have a feeling they will be able to adequately fund it. If they can make $500 million in one month, I have confidence they can do it. That is probably more than your airline is worth. Just sayin.......


Bye Bye---General Lee

 

[General Lee]

Everyone knows you can't do it all at once. The real point is you shouldn't have done it in the FIRST PLACE!

Then why did you allow the Volaris codeshare? You used to have zero codeshares, right? Why did you allow even one? You guys ain't perfect either. When you guys have zero codeshares, pay your AT 737 guys the same as your SWA 737 pilots (a form of outsourcing approved by your union? Really?), then and only then can you try to preach to the rest of us. You ain't perfect.


Bye Bye---General Lee