Originally Posted by
Waves
Yippee! Then I guess we will still get our $2.5B trigger 20% profit sharing on top of everything else. And maybe the company can afford another wide body aircraft or two instead of just all these NB's. Gee, 20% profit sharing and more wide bodies. How good would that be?
BTW: The company actually needs to make billions for awhile just to recover from earlier red ink entries. Let's see, DAL's debt is somewhere between $10B and $15B.
At least we have someone here being honest. Pilots are supposed to continue with an extension to a bankruptcy contract in order to help pay down debt incurred by incredibly stupid management. Management that spent billions it didn't have buying back its own stock, only to watch it go to zero in bankruptcy. Management that spent billions buying Comair, only to personally destroy it. The debt from those actions need to be repaid by pilots until this debt is paid down to a manageable level. And we all need to hope no more further stupid debt is incurred...because pilots may just have to continue the debt paydown.
Carl