The results are in!

[will fix for food]

Good CEOs are worth their weight in gold, bad and mediocre ones now their pay is an issue. Fortunately DP is a good one. I know he took a pay cut after 9/11 and froze his salary for over 10 years, he will never be one to gorge compared to his peers.
 
Speaking of pay I'd like to think all you short sighted union folks for not wanting profit sharing. I imagine it would have been very good over the next 4-5 years.

Considering how hard good old Doug is working at taking the profit sharing from the work groups that still have it I bet your right, it would have been good over the next few years.

 

[Jacobin777]

Good CEOs are worth their weight in gold, bad and mediocre ones now their pay is an issue. Fortunately DP is a good one. I know he took a pay cut after 9/11 and froze his salary for over 10 years, he will never be one to gorge compared to his peers.
 
Speaking of pay I'd like to think all you short sighted union folks for not wanting profit sharing. I imagine it would have been very good over the next 4-5 years.

 
Whether Parker took a paycut or not is rather irrelevant. He got stock options..and lots of it over the years.

 

[MetalMover]

Speaking of pay I'd like to think all you short sighted union folks for not wanting profit sharing. I imagine it would have been very good over the next 4-5 years.

I would agree with you here if it weren't such a poor formula. I'll take an increase in pay, small or large, over profit sharing and equity.

 

[700UW]

He doesnt understand that pay in a CBA is guaranteed, if the company doesnt make a profit then there is no payout.
 
And a wage increase is more money than a one time payout in profit shating.

 

[WorldTraveler]

guaranteed until a company walks into BK and wipes it out.

A wage increase may or may not be larger than a profit sharing.

DL employees systemwide are getting an 8.2% profit sharing check in two weeks. No employees, including pilots, received that much in a pay raise.

 

[700UW]

So why are the DL FAs, not making $63 an hour like they did before Chapter 11?
 
And when a company goes into bankruptcy, they have to negotiate with their employees.
 
Now besides DL pilots and dispatchers, did anyone at Delta negotiate or vote on the cuts they have taken?
 
And why are the pilots getting a 20% raise and a huge increase in pensions from 2012-2014 and the non-union employees are getting 3%?
 
Gee the pilots are unionized and negotiated, everyone else gets crumbs which DL can and does change at their whim.
 
Why did PMNW unionized employees go better in chapter 11 than their non-union counterparts at Delta?
 
Your lying again:
 

June 2012
The nearly 11,000 pilots will receive a 4% pay increase on this week, another increase of 8.5% in January and then two annual increases of 3%, according to an earlier union bulletin that explained the terms of the deal reached May 15. By the end of 2014, pay rates will be nearly 20% higher than they are today, ALPA said in that bulletin. A 737 captain who earned $153 an hour in 2008, the year Delta and Northwest Airlines merged, will be paid $217 an hour effective in January 2015.
 
Aside from the higher pay rates and an increase in the company's contribution to the pilot's pension plan in 2014, the Delta pilots won increased flying as the airline is acquiring 88 small Boeing Co. BA -5.15% 717s jetliners that will be flown by them, not pilots at Delta's commuter affiliates. In return, the pilots will let Delta add 70 smaller jets to its regional airline operations and require Delta to phase out some of the smallest 50-seat jets flown by the regional affiliates.
 

http://online.wsj.com/news/articles/SB10001424052702304058404577496790953561450

 

[WorldTraveler]

BK doesn't stop a company with or without unions from cutting salaries.

DL only needed to watch the level of salary cuts that the unions "let" UA and US do and figure out how to run a business plan with higher salaries -which they have done.

UA and US both emerged from BK before DL and yet DL employees have seen far more and larger salary increases since emerging.

Apparently the guarantees come with lots of fine print.

 

[700UW]

And once again when you are proven to be wrong, you just ignore the facts.

 

[screwed again]

You're wrong. No you're wrong. You ignore the facts. No you ignore the facts. Geez does it ever end with you two? EVERY THREAD!

 

[WorldTraveler]

screwed,
for anyone to argue that airlines haven't been fully capable of cutting labor costs in BK regardless of union or non-union status is just ludicrous.

There is abundant DOT data accessible in the airline data project of MIT which shows that from 9/11 thru 2009, the amount of overall salary and benefit cuts by network airlines was lowest at AA, then CO neither of which filed for BK in the decade of the 2000s, followed by DL, then NW, then UA, and then US.

Further, US employees have had the largest cuts because they have been in BK twice in the decade... and labor at US has yet to return US employees to comparable levels.

Again, salary and benefit cost information is well reported to the DOT.

If the timeline was pushed out to include AA's BK, then the results would be rearranged but everyone gets the point including AA employees.

It is time for the airline employees to start regaining and the airline industry is better positioned for profitability now than it has been for decades. AA/US will have to deal with the headcount overages they have relative to other carriers but the vast majority of the employees do have the potential for a more stable labor environment than they have seen for years.

AA, like every airline has its strategic challenges but they do continue to have solid revenue generating potential and they also have advantages which are not matched by other carriers.

AA's results ARE a positive step forward and lay the groundwork for a bright future for the company and all of its stakeholders, including its employees.

 

[usfliboi]

And once again when you are proven to be wrong, you just ignore the facts.

Ignore this guy...Jack of some trades and a master at none.... He baits he bites and must have nothing better to do than to argue..Hey...each to his or her own lol.

 

[Bob Owens]

I am so happy to have given up more of my pay and benefits so the NEW AA can turn around and make a profit. Too bad some of that $$$ could have continued in my pension plan. I am sure they would have made a profit with the pensions intact.

"We wuz robbed".

 

[Bob Owens]

there are multiple versions of the data based on what is included.AE expense results alone show former AMR Corp regional non-fuel expenses were up by 4.4% (tens of millions) compared to a reduction of 15.1% (one billion) for mainline salary and benefit.Given that thousands of jobs were transferred from AA to AE, those results aren't surprising. Total labor cost at AA and for AMR Corp. is down

Thousands of jobs transferred to AE? Where did you get that?

 

[Bob Owens]

What you should be happy about is that you guys managed to get Horton and his $18 million out only to be replaced with Parker and his $48 million.
 

That was Littles dream, not ours, we were never asked. Little and Co are gone , we are left with the mess.

 

[AANOTOK]

Thousands of jobs transferred to AE? Where did you get that?

Don't know about thousands, but fleet did lose a number of jobs to Eagle under the leadership of the TWU. Oh, did I mention they lost a number of jobs to Eagle, represented by the TWU.