Why did Delta burn $50 Million into more shares of Korean right as the pandemic hit, or defer 100s of millions from Virgin while they were in cash savings mode? Because, it is a long-term, strategic investment. Carrying the cost of extra FAs for 6 months is a small strategic investment, which will in the long run pay dividends as they'll be able to tout their actions for years as proof their FAs don't need an employment contract. What makes this labor investment even less risky for DL is the fact a CARES 2 may pass, giving those FAs the same security over the exact same period of time. But by promising early, they can get the goodwill credit even if the taxpayers foot the bill. Kind of like how they took $5.4B CARES 1 money for wages, then convinced thousands of FAs to go on leave and let Delta keep that money. They thoroughly explained how they could double dip the tax-payers for unemployment, and most would get a raise (~5k/mo)! Win for them, and Delta could save those dollars for labor costs beyond OCT 1. They'll say the same thing again if CARES 2 passes.
Your comments certainly don't make us taxpayers want our hard-earned money to go to CARES 2!
You'd probably best stick to your day job - I don't think Public Relations or Government Relations would use your arguments to win support.Losing other people's money is irresponsible and in some cases borders on dishonesty.
-- You celebrate Delta's loss of 4 BILLION dollars in overseas investments, for which public funds (CARES) compensated?
-- You think it's good business that Delta carried a bloated staff far in excess of what it actually needs, at taxpayers' expense?
-- You want us taxpayers to pay for Delta's labor relations problems in avoiding getting a Flight Attendant Union?
I disagree strongly with all the above.
United has been much more responsible - to shareholders and employees - in its response to Covid by facing reality and quickly taking difficult, necessary actions to stem losses.
Even American's we'll-never-lose-money-again Dougie Parker has been more realistic than the Delta "wins" you point out.
While I'm glad no Delta Flight Attendants were officially laid off, it's an unsustainable, short-term "win", for all the wrong reasons.
I suspect you will rue your victory lap today should the crisis drag on and Delta file for bankruptcy, which is not at all outside the realm of possibility.
Besides, if you've ever worked in a unionized company, you know that there are some advantages. The relationship between management and employees is formalized, structured, generally very professional, and often collaborative. There are highly unionized companies that give excellent customer service, have low costs, and are very profitable. Just look at Southwest Airlines to see all this in action.