Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
DL: Grinstein And Cost Cutting  
User currently offlineFA4UA From United States of America, joined Nov 2003, 812 posts, RR: 20
Posted (10 years 10 months 4 weeks 15 hours ago) and read 2256 times:

Excellent article in Business week set to release 08 Dec 03....

http://www.businessweek.com/magazine/content/03_49/b3861048.htm

The scary part was reading that DL needs to pay $1 billion for pensions and another $1 billion for debt. If they only have 2.7 billion in the bank, well, that's not good!

thoughts on this anyone?

FA4UA


The debate continues... Starwood or Hyatt... which is better
6 replies: All unread, jump to last
 
User currently offlineLuv2fly From United States of America, joined May 2003, 12119 posts, RR: 49
Reply 1, posted (10 years 10 months 4 weeks 15 hours ago) and read 2232 times:
Support Airliners.net - become a First Class Member!

One of the problems as I see it is, the only group that is union is the pilots. So if they piss off the other work groups, i.e. mechanics, FA's, etc, they risk the chance of unions forming in the groups that they just go ahead and impose wage cuts because they can since they are non-union.


You can cut the irony with a knife
User currently offlineFutureualpilot From United States of America, joined May 2000, 2605 posts, RR: 8
Reply 2, posted (10 years 10 months 4 weeks 14 hours ago) and read 2157 times:

Should be interesting to see what happens. Why are the DL pilots so hard nosed about pay cuts? The other majors did it and seem to be recovering. Hopefully the pilots over there will suck up and do what is needed for the good of DL.


Life is better when you surf.
User currently offlineMariner From New Zealand, joined Nov 2001, 25431 posts, RR: 86
Reply 3, posted (10 years 10 months 4 weeks 14 hours ago) and read 2091 times:
Support Airliners.net - become a First Class Member!

CAL is about the only major that doesn't have a problem with their pension funding.

UAL, for example, owes several billion, and unless they get some relief from Congress, it is one of the issues may impede their exit from Chapter 11.

DAL's financial circumstances are not the best, but equally they are not the worst - US Airways probably tops the list of worst.

As I see it, the "great shake-up" among the legacy carriers that was supposed to happen after 9/11 (and the downturn in airline business) has not yet happened.

We may coming out of the downturn, but we haven't yet seen the full implications of the damage the downturn did.

cheers

mariner



aeternum nauta
User currently offlineJhooper From United States of America, joined Dec 2001, 6204 posts, RR: 12
Reply 4, posted (10 years 10 months 4 weeks 12 hours ago) and read 2005 times:

the Delta pilots union has many issues to work through in regard to pay cuts. I'm sure they WILL face some form of pay cuts, but currently they're having problems with execs giving themselves huge bonuses while asking the pilots to cut pay.


Last year 1,944 New Yorkers saw something and said something.
User currently offlineDeltaGuy From , joined Dec 1969, posts, RR:
Reply 5, posted (10 years 10 months 4 weeks 9 hours ago) and read 1954 times:

Exactly, Jhooper. DALPA won't even do these stupid cuts, with the heavies taking huge promotions, AND furghlowing even more of their fellow pilots.

We might see a little bit of pay compromise..but not for a long, long time...Delta has alot of butt kissing to do to the pilots to get em to move. I hope they don't budge on a dime, but that's just me  Smile

DeltaGuy


User currently offlineFA4UA From United States of America, joined Nov 2003, 812 posts, RR: 20
Reply 6, posted (10 years 10 months 4 weeks 7 hours ago) and read 1936 times:

Ok, new article for a new day. This one talks about the Pilots Union and their willingness to give back 9%. Quite a long reach from the 35% that management was looking for!

http://biz.yahoo.com/djus/031204/0051000031_1.html

Sheesh! What a mess!



The debate continues... Starwood or Hyatt... which is better
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
SAS Looks At More Route Closures And Cost Cutting posted Tue Nov 2 2004 15:48:47 by BestWestern
LY Restructuring, Cost Cutting And Layoffs Ahead posted Tue Oct 24 2006 22:01:44 by BWI757
Technology, Cost Cutting And Benifits posted Tue May 20 2003 16:54:42 by DTWNWA
NYT Story On DL Pensions And DL Response posted Fri Nov 17 2006 21:35:54 by Positiverate
Finnair And Cost Savings - New Agreement With FAs posted Wed Nov 15 2006 14:44:08 by LordHowe
DL, KE And Rumored DL Asia Expansion posted Sat Sep 30 2006 21:51:24 by Flydl2atl
Woman Dies On DL Flight And Goes Unoticed! posted Tue May 23 2006 19:24:37 by Luv2fly
DL expansion and Ft. Hood Tx posted Thu Mar 30 2006 14:02:52 by Belizexp
Venezuela Cancells All DL, CO And Some AA Flights posted Fri Feb 24 2006 09:59:04 by Chiguire
DL BK And N802DE posted Fri Dec 9 2005 16:26:18 by Litz