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Sunday, February 16, 2020

Pension - HL 314 (1)

Captain Moser's comments regarding the recent profit sharing payout:

Open Letter With “Alternative View” to Delta Mgt.:
Regarding Feb 14th, 2020 - $1.6 Bill Profit Sharing Bonus

To: Edward Bastian, CEO, Delta Air Lines
       Glen Hauenstein, President, Delta Air Line
       Paul Jacobson, EVP Finance, Delta Air Lines
Subject: PROFIT SHARING

I would like to extend my congratulations to Delta's senior management, as well as the 80,000 plus employees who have worked very diligently to return Delta to the very top of the airline industry. I fly, as a full fare passenger on Delta frequently, and the difference in the level of service provided by Delta employees to the flying public is noticeable and is appreciated by those of us who travel and have a choice of airlines. Delta is fortunate to have the finest employees in the industry, and their focus on customer service is what has made Delta Air Lines the BEST OF THE BEST in the airline industry.
At the same time, gentlemen, today is a rather painful day for 3500 Delta pilots and their loved ones who were singled out on September 14, 2005, as so called "unsecured creditors" and who were betrayed by Delta's leadership and had their pensions cancelled when Delta declared bankruptcy. Ironically, Northwest Airlines, which also declared bankruptcy on September 14, 2005, made the decision to maintain the pensions of all of their retired employees, because it was "the right thing to do". 
All former Northwest employees, including the Northwest retired pilots, receive their full, earned pensions from Delta's treasury, while 3500 Delta retirees receive a token amount from the Pension Benefit Guarantee Corporation, not even close to the amount we should be receiving for our many years of service delivering the highest level of safety to the millions of passengers who entrusted their lives to us 24/7/365.
Why Ed, why Glen, why Paul?
We, the 3500 pilots and our loved ones have, through our being denied our pensions, have given back at least 1.5 billion dollars during the past 15 years yet we have not received our pensions even though Delta could have easily reinstated our pensions, and included us as members of the Delta Family.
This is a travesty and an injustice that will never be forgotten by the 3500 pilots and their loved ones whose lives were forever changed by Delta's senior management's failure to live up to the financial commitments that were promised to us when we were hired as pilots.
In closing, let me quote from Richard Anderson's RULES OF THE ROAD:
"DELTA PEOPLE TODAY STAND ON THE SHOULDERS OF THOSE WHO CAME BEFORE US. THE SUCCESSES THAT WE HAVE ACHIEVED IN THE PAST AND WHATEVER WE MAY ENJOY IN THE FUTURE, DEPEND UPON THE STRONG DESIRE AND MOTIVATION OF OUR PEOPLE TO PROTECT AND PRESERVE THE CULTURE OF THIS GREAT COMPANY'
It makes 3500 former Delta pilots very sad to think that these words by Delta's former CEO do not include us.
On September 14, 2005, the leadership of Northwest Airlines decided to "do the right thing"
Unfortunately,  on September 14, 2005, Delta's leadership did not "do the right thing".
We, the 3500 who were denied our hard earned pensions, are still very much alive and are still waiting and hoping that Delta's senior management will "do the right thing" and reinstate our earned pensions. 

Robert D. Moser

Proud Delta employee and member of the Delta Family 12-11-72  6-30-05
727, 737, 757,767,777, DC9, MD88/90., L1011, MD 11, Flight Engineer, First Officer, Captain, Line Check Airman.



Robert D. Moser hereby grants complete and free authority to re-print, publish and share this letter to any and all subjects via any social or media outlet.  


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