Misc - HL 197 (3)

From: Tom Tedder

Date: 1/27/2014 6:51:00 PM

To: mark@pilotcommunication.net

Subject: Fwd: DALRC Retirement Assistance Program

Mark
Hope we can put this out to all the retirees, spouses, and survivors.
Tom Tedder

 

DALRC Retiree Assistance Program, Inc.

950 Eagle's Landing Parkway, # 109

Stockbridge, GA 30281

 www.dalrc.org 

                                                                              January 27, 2014

Ladies & Gentlemen of the Community of Retirees:

Many individuals in the "Community of Retirees" are not aware of the existence of the DALRC Retiree Assistance Program, Inc. or aware of the financial benefits that can be provided to those who may have fallen on financial hard times due to health related circumstances. Eligible individuals include the retirees, their spouse or survivor. Should you or someone you know experience financial hardship due to health related issues, please notify us immediately. If you would like to apply for assistance, you may reach us via e-mail at info@dalrc.org. If you do not have a computer, you may contact us by writing to the address on top of this letterhead and we will mail an application. The guidelines are quite simple, but specific, as to who qualifies for an assistance grant and for how much.

The DALRC Retiree Assistance Program, Inc. is a non-profit corporation recognized by the Internal Revenue Service as a 501(c)(3) organization,   administered by volunteer Delta retirees and funded through donations from active employees and retirees. We are here to serve the Community of Retirees. Please notify us if you or someone you know in the Community needs help.

With kindest regards,

Roger H. Nix

Chairman - Board of Directors

DALRC Retiree Assistance Program, Inc.

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From: GC  oeg1011@comcast.net

Date: 1/27/2014 7:42:48 PM

Subject: ALPA To Pay Ex-TWA Pilots..

ALPA Pays $53 Million To Ex-TWA Pilots

The Air Line Pilots Association will pay $53 million to settle a lawsuit in which former TWA pilots alleged the union failed to properly defend their seniority rights. The pilots were working for TWA when it was bought out of bankruptcy by American Airlines. Many of the TWA pilots were put on the bottom of the American seniority list and in the air travel slump after the 9/11 attacks they were the first to be laid off. ALPA represented the TWA pilots but the Allied Pilots Union represented American pilots.
Some of the affected TWA pilots launched a suit in 2002 and a jury ruled in their favor in 2011. The trial to determine damages to be paid by ALPA was to begin in March but the union offered to settle instead. ALPA told its members that much of the settlement, which will also pay the legal costs of the pilots, will be covered by insurance and the remainder won't affect day-to-day operations of the union. "With initial damages sought in the billions, this settlement, while significant, is far less than what the plaintiffs pursued," ALPA President Lee Moak said in a letter to members. "And because of our preparation and risk management, ALPA will make our portion of the payment without impairing our operations or services, without assessing our members, and without raising dues." A judge has to approve the settlement and both sides in the suit will figure out how to distribute the money.

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From: Charles W Crow

Date: 1/21/2014 11:30:43 AM

Delta shares jump as higher fares boost profit

Joshua Freed, The Associated Press 2 p.m. EST January 21, 2014

MINNEAPOLIS (AP) — Higher fares and growing traffic helped Delta Air Lines post a bigger-than-expected profit on Tuesday.

Shares rose more than 2% to $31.76 in morning trading on the report.

Delta's yield — a key measure of what each passenger pays to fly one mile — rose 4% for the quarter. Airlines tried about a dozen fare increases last year, although most failed when competitors didn't match them.

Delta President Ed Bastian said demand for air travel is "solid," and Delta expects to see "significant margin expansion" in the current quarter.

Bastian also said the airline industry is showing restraint in how much flying it adds. The view on Wall Street has been that reining in growth will give airlines more power to raise fares. Delta expanded flying just 1% last year. It said it expects to grow 2% to 3% in the upcoming quarter.

Not counting a non-cash adjustment for taxes, Delta earned $558 million, or 63 cents per share, for the quarter that ended Dec. 31. Revenue rose 5.5% to $9.08 billion. Both figures were better than Wall Street analysts expected, not counting one-time items.

Including a one-time, $8 billion accounting benefit related to taxes, Delta's net income ballooned to $8.48 billion, or $9.89 per share.

In the year-earlier quarter, Delta earned $7 million, or a penny per share, after Superstorm Sandy hurt profits.

Delta said its Trainer refinery near Philadelphia lost $46 million for the quarter because of tighter margins between the cost of crude oil and the market price for refined products like gasoline and diesel fuel. Delta said the same pricing issues helped reduce the price of jet fuel, though, reducing its overall fuel expense.

 


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