The truth DL does not tell us
Nov 16, 2005, 1:42 pm
#31
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Join Date: May 2001
Location: LAX; AA EXP, MM; HH Gold
Posts: 31,789
Originally Posted by Evan!
I don't dare claim to be an expert on bankruptcy or "golden parachute" clauses but wouldn't the pilots have to wait in line like all other creditors if DL is in bankruptcy? What type of "golden parachute" clause are you referring to? Do DL pilots get a departure package if they quit?
), it looks very likely that the days of a million-dollar lump sum are probably over, as the pensions will probably be terminated in the bankruptcy proceedings, not unlike those at UAL and USAir.
Nov 16, 2005, 2:52 pm
#32
Join Date: Mar 2003
Location: Boston Massachusetts, USA
Programs: NW Gold, United Premier, Hertz 5 Star, Priority Club PLT, Hilton Gold
Posts: 617
Originally Posted by JRF
You clearly understand as I have stated that DL does not care about the PAX, and therefore does not care if we know or understanad what is going on and how it may impact us in the next few weeks... I am glad you agree with me.
Nov 16, 2005, 2:59 pm
#33
Original Poster
Join Date: Jun 2000
Location: AUS
Programs: DL Flying Colonel
Posts: 4,023
Originally Posted by sh9168
What do you want them to say? "Attention Passengers. Our pilots may go on strike soon which may cause us to go out of busines. But don't worry we will still get you there (we just might not be around to get you home). Have a nice day"
Nov 16, 2005, 4:13 pm
#34
Join Date: Dec 2002
Location: Daytona Beach, FL USA; PM
Posts: 54
Pilot Strike
I lived in Western Pennsylvania during the 1960s and 1970s, and watched the demise of the steel industry there. There are many analogies, the most important being competition provided the same product at a lower cost due to less expensive labor - i.e, foreign-produced steel; LCCs.
I will continue to fly Delta, but have significantly reduced my "bankroll" of FF miles (just in case).
I will continue to fly Delta, but have significantly reduced my "bankroll" of FF miles (just in case).
Nov 16, 2005, 4:16 pm
#35
Join Date: Nov 2004
Location: Somewhere today, somewhere tomorrow!
Programs: Delta DM
Posts: 6,768
Originally Posted by Marq
Here is the press release from yesterday's pilot meeting:
Delta Pilots Hold Atlanta Rally
ATLANTA --- The Delta pilots held an informational rally in Atlanta today. Nearly 1,000 pilots and their spouses attended to hear ALPA's president,
Marc
Delta Pilots Hold Atlanta Rally
ATLANTA --- The Delta pilots held an informational rally in Atlanta today. Nearly 1,000 pilots and their spouses attended to hear ALPA's president,
Marc
Nov 18, 2005, 12:20 am
#36
Join Date: Dec 2004
Location: LHR / BHX / MAN / ATL
Programs: DL DM 2MM - IHG Diamond
Posts: 4,053
Originally Posted by JRF
If you talk to many Eastern pilots today, they do not feel what they did was stupid. They felt it was the only option left... Lorenzo had to go.
Nov 18, 2005, 1:12 am
#37
Join Date: Jul 2002
Location: New Orleans, AA EXP, DL PM, SPG PLT, HH Diamond
Posts: 3,750
What is your source..."most DL pilots have golden parachutes" ? Usually these are reserved for top-level executives.
Originally Posted by Kibison
Most, if not all, of the Delta pilots have golden parachutes. They may want to do the "murder-suicide" thing to cash out and move on.
Nov 21, 2005, 9:15 am
#38
Join Date: May 2005
Location: FLL
Programs: DL ♦M MM|HH♦|Marr Slvr|CO UA AA US|Pri Cub Plat|SPG|Avis 1st|Htz 5*
Posts: 5,044
Originally Posted by FWAAA
Until recently, retiring pilots could take half their pension in a lump sum, but two months ago, DL warned the pilots that those retiring on or after October 1, 2005, would likely see their lump sum requests denied. And although I'm not a bankruptcy expert (paging Eastbay1K to the white curtesy phone ), it looks very likely that the days of a million-dollar lump sum are probably over, as the pensions will probably be terminated in the bankruptcy proceedings, not unlike those at UAL and USAir.
), it looks very likely that the days of a million-dollar lump sum are probably over, as the pensions will probably be terminated in the bankruptcy proceedings, not unlike those at UAL and USAir.
Originally Posted by aceflyer2
What is your source..."most DL pilots have golden parachutes" ? Usually these are reserved for top-level executives.
Some might say "tomato tomahto" what's the difference? However I don't believe any kind of pension lump sum should be grouped unfairly with "golden parachutes".