Wolfe Transportation Conference: DL offers buyouts, early retirement package
May 28, 2020, 8:20 pm
#1
Original Poster
Join Date: Jan 2010
Location: Body in the CLE, soul still in New England
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Wolfe Transportation Conference: DL offers buyouts, early retirement package
Summary from Atlanta Business Journal
https://www.bizjournals.com/atlanta/...t-options.html
Full transcript is here:
https://s2.q4cdn.com/181345880/files/doc_events/2020/05/Delta-Air-Lines-Wolfe-Transportation-Conference-Corrected-Transcript.pdf
Bottom of page 4:
As of right now, we've had over 40,000 employees sign up for a significant personal sacrifice by taking an unpaid voluntary leave from 30 days out to as long as 12 months. We will be launching a voluntary separation and early retirement package that we have been foreshadowing since the April call. And in addition to continuing the unpaid leaves, we hope that most of the head count changes that we're going to need are going to be achieved through these voluntary programs, and we can do that quickly.
https://www.bizjournals.com/atlanta/...t-options.html
Full transcript is here:
https://s2.q4cdn.com/181345880/files/doc_events/2020/05/Delta-Air-Lines-Wolfe-Transportation-Conference-Corrected-Transcript.pdf
Bottom of page 4:
As of right now, we've had over 40,000 employees sign up for a significant personal sacrifice by taking an unpaid voluntary leave from 30 days out to as long as 12 months. We will be launching a voluntary separation and early retirement package that we have been foreshadowing since the April call. And in addition to continuing the unpaid leaves, we hope that most of the head count changes that we're going to need are going to be achieved through these voluntary programs, and we can do that quickly.
Last edited by navi_jen; May 28, 2020 at 8:28 pm
May 28, 2020, 9:54 pm
#3
Join Date: Nov 2003
Location: ORD / MDW / FLL
Programs: DL DM/1MM, AA EXP, SPG Platinum, Hyatt Platinum, Marriott Platinum
Posts: 2,295
It's a sad day for nearly every. The airlines are no different.
The current reality is forcing most industries to innovate. I'll be curious to see how DL and other carriers make the economics of not cramming us into aircraft like sardines work.
The current reality is forcing most industries to innovate. I'll be curious to see how DL and other carriers make the economics of not cramming us into aircraft like sardines work.
May 28, 2020, 10:31 pm
#4
Join Date: May 2009
Location: SEA
Programs: AS MVPG, DL FO, Marriott Gold, Hertz 5 Whatevers
Posts: 1,099
It makes certain arguments like DL only offering gas station snacks on domestic flights seem petty and slightly tone-deaf at best. These companies are getting bled dry by corona, and so many will lose their jobs when it’s not even their fault.
May 29, 2020, 12:35 am
#5
Join Date: May 2010
Location: Kanasas City
Programs: DL DM, 2 MM; Hilton Diamond
Posts: 358
I disagree about the lack of service in Delta F/J. Hard times will surely pass, but once you lose a customer to the competition it is hard to gain them back. Providing a drink or a hot snack on a four hour domestic flight is not going to kill Delta’s bottom line. But the concept of customer lifetime value goes down the drain the minute a customer embraces another airline due to lack of service on Delta.
May 29, 2020, 5:27 am
#6
Join Date: Sep 2016
Programs: DL PM, Marriott, IHG
Posts: 193
I am willing to give up drinks and hot snacks if it helps keep just one person employed. A laid-off friend of mine has had her life turned upside down, feels that she has lost her career, and fears that her long-term financial stability is irreparably damaged. Whether that is true or not is not clear, but the emotional toll on her is real.
May 29, 2020, 6:14 am
#7
Original Poster
Join Date: Jan 2010
Location: Body in the CLE, soul still in New England
Programs: In 2023? Does it matter? SPG/Marriott: Plat; DL: Plat; B6: Mosaic
Posts: 2,979
I am willing to give up drinks and hot snacks if it helps keep just one person employed. A laid-off friend of mine has had her life turned upside down, feels that she has lost her career, and fears that her long-term financial stability is irreparably damaged. Whether that is true or not is not clear, but the emotional toll on her is real.
May 29, 2020, 7:02 am
#8
Join Date: Jan 2010
Location: Mid Atlantic
Programs: Delta Plat, one-time United Plat, Amex Plat, Marriott Plat, Hertz Prez Circle, Bus Pass
Posts: 1,237