Originally Posted by gzsg

Delta presented at Raymond James today.

The first round of stock buyback will be completed in June, 2 years early. Looks like they will announce a second buyback in June as well.

And.....

we got a 3% pay increase and a 33% reduction in profit sharing.

DALPA continues to refuse to mention the over $15 billion and counting we have made in life changing concessions.

Is it so much to ask for the Delta pilots to snap up to their 2004 pay rates prior to another stock repurchase?

Is it too much to ask for DALPA to stop playing dead?

"We are also committed to returning more cash to shareholders overtime, when we announced in May the initiation or depending on your perspective reestablishment of a dividend that hadn’t been paid in over a decade. We were committed to an annual return of cash with a $500 million buyback program spread over three years of about $350 million to $375 million a year. We have actually kind of doubled that pace.
So through the first six months of that program, we returned $350 million of cash to shareholders. And we announced at our Investor Day that we expect to complete that $500 million buyback program by our shareholders meeting this year, putting us on a trajectory of actually returning about $700 million of cash on a run rate basis to shareholders.
We do expect to announce our next repurchase authorization and an update to our dividend policy by the time of our annual meeting in June and we are actively having conversations with the board between now and then to determine what the right course of action to take, but stay tuned there is more on that to come."