The pilots of DAL are being asked to sign a shtty 4-year contract with a 5% raise and that doesn't even kick-in until next year.
It's a letter of agreement, not a joint contract. It contains much more than just a 5% pay raise.
The pay increase doesn't kick in until the deal closes, because if it doesn't close, the LOA disapears.
Further, the 3.5% equity stake will probably be next-to-worthless when the vesting/ restriction period is up.
Yeah right. That's what they said about our claim. I think you should read some of the fine print on that equity.
How does that even keep up with inflation?
How do the current rates keep up with inflation?
The point is, this deal is a joke even for the DAL pilots, so what have you guys really gained here?
If it's a joke, then why are so many wanting the same deal?
DAL pilots should have locked arms with NWA crew and demanded more from mgmt.
The DAL pilots informed the NWA pilots of the negotiations, which had a 2 week timeline for completion, but a certain MEC Chairman took a vacation and so did a certain MEC negotiator.
The DAL pilots were not going to allow opportunity slip them by because a certain MEC doesn't believe in timelines.
I love it. The US economy is just now starting to show what a deep RECESSION we are entering and these guys actually think they will get raises, etc. I remember Richard Anderson giving us raises of about 10.5% or so when everyone else were frozen or starting pay cuts. Guess what, we gave it all back, PLUS. Yeah, thats right , Richard Anderson.
NWA is better on our own, but, if we are going to merge, DALPA better get of it's high horse and start to realize that the NWA pilots can and will wipe out any economic gain, in spite of itself.
Spare me the rhetoric about vacations, merger committee's etc. Anderson bought you off, rather easily I might add. Simple, simple people.
A pay raise, GMAB