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Old 05-08-2013 | 09:49 AM
  #129792  
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nerd2009
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Joined: Oct 2009
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From: Delta M88 A ATL
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Originally Posted by Elvis90
This is interesting - the company announced its 5-year financial plan:

Initiating a quarterly dividend and an initial $500 million share repurchase program – expected to return more than $1 billion to shareholders over the next three years.

Achieving and maintaining a new adjusted net debt target of $7 billion during the next five years – as part of this debt reduction effort, Delta plans to pay cash for any new aircraft deliveries.

Reinvesting $2.0 - $2.5 billion annually, or approximately 50 percent of its operating cash flow, into improving the company’s fleet, facilities, products and technology over the next five years.

Using up to an additional $1 billion to opportunistically accelerate its long-term pension funding commitments.

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FTB - I'm going to buy that baby outfit for my wife!


Oops! there goes the profit sharing