Minuteman
“Dongola”
[ QUOTE ]
NEW YORK -- Delta Air Lines (DAL), already facing the prospect of an $85 million pilot pay raise going into effect this week, may be forced to recall more than 1,000 furloughed pilots at a potential additional annual cost of more than $100 million, Thursday's Wall Street Journal reported.
Under a ruling issued last year by a panel set up to referee disputes between Delta and unionized flight crews, the company is obligated to rehire 1,060 pilots laid off amid the airline downturn after Sept. 11, 2001, once it returns to passenger volumes similar to those from a period before the attacks.
Company representatives this week handed over to Delta's Air Line Pilots Association unit data indicating that the carrier had hit the required trigger during the period from December 2003 through March 2004, according to people familiar with the matter.
Recalling the 1,060 would increase Delta's annual wage costs by about $115 million, not including benefits. That is on top of the 4.5% pay raise taking effect Saturday, estimated to add $85 million more in annual labor expense, according to the company.
Wall Street Journal Staff Reporter Evan Perez contributed to this report.
Dow Jones Newswires 04-29-04 0445ET Copyright (C) 2004 Dow Jones & Company, Inc. All Rights Reserved.
[/ QUOTE ]
Gee, what a great way to put a positive spin on trying to return things to normal.
NEW YORK -- Delta Air Lines (DAL), already facing the prospect of an $85 million pilot pay raise going into effect this week, may be forced to recall more than 1,000 furloughed pilots at a potential additional annual cost of more than $100 million, Thursday's Wall Street Journal reported.
Under a ruling issued last year by a panel set up to referee disputes between Delta and unionized flight crews, the company is obligated to rehire 1,060 pilots laid off amid the airline downturn after Sept. 11, 2001, once it returns to passenger volumes similar to those from a period before the attacks.
Company representatives this week handed over to Delta's Air Line Pilots Association unit data indicating that the carrier had hit the required trigger during the period from December 2003 through March 2004, according to people familiar with the matter.
Recalling the 1,060 would increase Delta's annual wage costs by about $115 million, not including benefits. That is on top of the 4.5% pay raise taking effect Saturday, estimated to add $85 million more in annual labor expense, according to the company.
Wall Street Journal Staff Reporter Evan Perez contributed to this report.
Dow Jones Newswires 04-29-04 0445ET Copyright (C) 2004 Dow Jones & Company, Inc. All Rights Reserved.
[/ QUOTE ]
Gee, what a great way to put a positive spin on trying to return things to normal.
