JB, is new, highly capitalized and has a CEO who has vision. Go ask some of the rampers at JB, they are not treated well.
And as far as Delta read below:
Posted 4/2/2004 7:12 AM
Delta extends pay freeze
ATLANTA (AP) — Delta Air Lines has extended a pay freeze for most of its 60,000 employees as it tries to regain profitability.
The freeze, announced in a memo to employees this week, does not apply to Delta's 8,000 mainline pilots or its mechanics. The mechanics' pay will be reviewed in July, the carrier said.
Pilots, who are covered by a contract with the Air Line Pilots Association, are scheduled for a 4.5% pay increase May 1. But Delta has asked for phased-in 30% pay cuts and other concessions. The union has offered to cut pay 9% and skip next month's raise, but negotiations with Delta have stalled.
The company memo said Delta's non-pilot employees are among the top-paid in the airline industry, but no pay cuts from those employees are needed.
Delta has laid off 16,000 employees since the 2001 terrorist attacks. The nation's third-largest airline, it said flexible work rules for non-unionized flight attendants, mechanics and agents gave it a $477 million labor cost advantage last year over other large carriers. That advantage was offset by Delta's higher pilot costs, the airline said last week at an investors conference.
In 2003, Delta reported a loss of $790 million, compared to $1.29 billion in 2002. Last month, Delta said it expects a $400 million loss for this year's first quarter, $50 million more than it had projected in January. Most of the increase was due to higher fuel costs, the airline said.
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