New Delta TA 06/2015

[nimtz]

Funny stuff. It's been a great vacation for me too, getting away from you and that idiot Redflyer.

The TA is a mixed bag, but it will be very close. Paying new pay rates with profit sharing that would be given up is not really a "pay raise." Also, sick leave changes are troublesome.


Bye Bye---General Lee

Well General, I'm sure once you've had the koolaid sprayed on you at a wonderous ALPA road show you will be a solid YES...

 

[sniper]

Vote a big NO

I am praying it will not pass

 

[outerlimits]

Well General, I'm sure once you've had the koolaid sprayed on you at a wonderous ALPA road show you will be a solid YES...

Dude

How stupid are you ?

 

[Uncle Bunkle]

190's to the rescue!

 

[Diesel-9]

DAL will make north of 10B by 2017. 10% of the first 2.5 B pays average pilot about 10k. The next 7.5 B pays 20% to employees. About 1.4B. Pilots share of that is 500-600m. That pays Capts about 75k per year and FO 40k per year. Vote that away and get your 5 cent increase in per-diem and have a third party monitor your sick time.

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[redflyer65]

Ugh...

 

[badog]

Anderson gets his double dip via United health care forced down our throats and the pilots get a .05 cent pay raise?
Sounds equitable to me!
No, (if I could vote).

 

[Freebrd]

DAL will make north of 10B by 2017. 10% of the first 2.5 B pays average pilot about 10k. The next 7.5 B pays 20% to employees. About 1.4B. Pilots share of that is 500-600m. That pays Capts about 75k per year and FO 40k per year. Vote that away and get your 5 cent increase in per-diem and have a third party monitor your sick time.

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Diesel you fly the Thud?

 

[Old School 737]

Wow the old .. We won't buy the planes unless you sign on the dotted line trick ... Well at least it's in writing that way .. Unless there is a out clause ? ???

 

[SoberIrishman]

Oh my! Tricky Dick has grown tired of screwing the contract employees, so has to find other avenues of entertainment. Corporate greed at its finest!

 

[FDJ2]

DAL will make north of 10B by 2017. 10% of the first 2.5 B pays average pilot about 10k. The next 7.5 B pays 20% to employees. About 1.4B. Pilots share of that is 500-600m. That pays Capts about 75k per year and FO 40k per year. Vote that away and get your 5 cent increase in per-diem and have a third party monitor your sick time.

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Hmmmm. profit sharing, let's review the numbers. The first 2.5B is 10% for all employees= $250M, that's unchanged.

The only change is between $2.5B and $6B in PTIX. IOW $3.5B ($6B trigger) pays employees 10%= $350M, which is half of what it would be absent this agreement. Pilots comprise about 1/3rd of the pay roll, so $350M/3= $117m in lost profit sharing for the pilots.
Anything above $6B remains the same.

OTOH, the new contract adds about $1.1-$1.4 billion in solid gains above all the concessions on the books, including profit sharing. Last time I looked there were more zeros in a billion, than a million. But let's look at the cost of delaying ratification over time.

What is the impact of delay on monthly pilot salary?

Initial estimated impact is:

Approximately $500k per day (first 6 months)

Approximately $23.6M per month (first 18 months)

Longer term

$1.3 Billion by end of 2018

But not to worry, airlines don't typically spend 2-3 years in mediation, right?

Just ask a pilot at SWA, FDX, UPS, UAL, or AA.

 

[PCL_128]

Good to see someone is still able to do basic math.

 

[johnsonrod]

I haven't talked to one Delta pilot who is in favor of the TA....

 

[SpauldingSmails]

DAL will make north of 10B by 2017.

Oh, really? What leads you to believe that we will nearly double our profit in two short years? I'd have less concern over the changes to profit sharing if I believed that a sustained profit over $6B was realistic - I'd be shocked if that were in the case. No increments percentage wise from 2.5B - 6B!? I hate to be the party pooper, but we may be in the sweet spot for profitability right now.

We're getting a lot of mixed messages here.

DAL has stated that they're drawing down international capacity toward the end of the year, and possibly reduce domestic capacity. Yet, The Company is dangling Embraers and 739's as carrots (737's are obvious replacements), and TA supporters are claiming that we'll be increasing international capacity (I suppose easily proven correct if you start with a reduction.)

Obviously, DAL is not presently in compliance with the existing EASK language - yet, some are claiming the new JV language will be better for pilots because we then lack a "ceiling." Immediately though, if the TA passes, the "floor" moves to accommodate the present level of flying, and given the dearth of widebody orders - let's say I'm skeptical. 60 total A330/350's arriving, 16 747's departing, plus the gradual retirement of 58 threadbare 767-300ER.

I'm neither a cheerleader, nor a fervent detractor. Pay rates we're largely in line with my expectations. I'd be willing to swallow the changes to PS for the raise. Changes to the JV language, sick policy, FO bidding, and green slips all give me pause. This seems like an awful lot of quid, on what will likely become permanent concessions, for a bit of coin.

Further, where's the fire? I'd like my 60 days to digest and evaluate the TA language. I'd rather risk a pithy 8% raise for one month to be confident in a vote, than stuff $800 and decade worth of regret in my pocket.

 

[Mooneymite]

Profit sharing? More profit sharing? Still more profit sharing?

Oh, no!

When will labor learn?

Profit sharing is for management, not labor! Labor has no ability to control the course of the business. It is out of our control. Pilots do what they do and should be paid just like any other overhead expense.

To tie labor compensation to profits is a huge mistake and will "encentivize" low/no profits. Pilots suffer for dumb management decisions.

No profit sharing for labor....just wages!

Alpa leadership must have started thinking like management. Time for fresh meat.