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ATLANTA (AP) -- Delta Air Lines Inc., the nation's third-largest carrier, said Wednesday its loss widened in the first quarter to a whopping $6.39 billion because of soaring fuel prices and the steep decline in the company's market value.
The Big Gamble.
For those of you still think a no vote is the only way to go I want to point out what you will be giving up.
Lets assume that Canale is not lieing when he says this is the final agreement.
We now will have to wait 2 maybe 3 years for a new deal and even longer if there is a merger.
So can you live with giving up a 2 percent raise over the next 4 years, never seeing doubltime for 3 to 4 more years, only 5 holidays , and most important the 60 day rule hanging over us as more layoffs come, which I beleive they will as long as we continue to see fuel prices rise.
Now of course we all know that only affects the east.
I dont think anyone here has a crystal ball than can predict what the IAM or company will do if this is voted down. I know many here think they will be back. I agree they will be back in 2 years.
So that means we all will get by on what we make now, and hope that the layoffs dont come to our station.
I think it was 700 who said that if a merger happens USAirways could be the buyer and some here said that would never happen. Well Im not sure I would gamble on that either becasue if the reason for the company comming back was to remove the COC than I beleive that is exactly how a deal will be made, if this vote is a no. Which of course means the COC has no effect.
So once again we find ourselves in a new merger with no agreement just waiting to come to some agreement, years down the road.
I for one do not beleive from all I can find out that the IAM will just fold the west into the east contract, I do plan on asking the IAM rep when he comes to my station about that.
However if this deal is voted down the west will most likley suffer the most in any layoffs becasue of just how the industry is going.
I know and understand there are many issues that need to be resolved, and that this agreement is not great, I however dont see how at this time, with gas continuing to rise as well as many other things that you can feel good about leaving it all on the table.
We all know no matter how we vote they have a plan to merge, our yes vote would prob make it eaiser, bit we have seen how they can overcome any obstical that is thrown at them.
They will find a way and there prob will be layoffs, if and when it comes.
So remember there is much at stake here either way we vote, Its an Big gamble.
Contracts tied directly to the economic performance of the company would be an unreasonable expectation
From WTF CLT....
Fuzz, freedom, wiser bud.....and this is the mindset we are up against....
Fromm CNN.com this morning...
For those of you that don't believe oil is going to affect this T/A negotiation and that they will come back to the table if we vote no, please read the above article and get your heads out of the sand.
fyi -that's a "b" as in billion.....
And for my friend Tim.....instead of trying hard to figure out where I am....do me a favor and answer this question...
We vote no, Hemenway says ok...but sorry guys they aren't coming back we start reneg at the end of 2009....then what? Stuck with these wages for another 3 years minimum....
Here's another scenario....albeit unlikely....
We note no, they come back again with something better and guess what our friend says.... NO again and pumps up the followers again and we ended up with the some crap for even longer.
Nothing will please some of you. We will NOT get everything we want.....NOT in these economic conditions not EVER!!!!!!!!!
Wake up and read a newspaper, please!!!
Believe me your little yes vote on this proposal amounts to no more than plugging your ears with your fingers while walking through a minefield.
.....and believe me your little no vote leaves me with bakruptcy wages, no doubletime, 2 less holidays and unpaid sicktime.....