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Old 01-21-2015 | 10:14 AM
  #176356  
EdGrimley
Gets Weekends Off
 
Joined: Feb 2014
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Originally Posted by forgot to bid
Found the quote from yesterday.



More used NB jets. Any guesses? My guess would be used A320s to replace MD-88s when airlines finally take delivery of NEOs. I made that up, but it's a guess.

Done with ordering WBs.
Richard H. Anderson - Chief Executive Officer

Well, I think the first order of use is going to continue to reduce our net debt and the second order of use is going to be higher cash returns for our owners exclusive of "team members". On our fleet we don’t see some big fleet order coming. We think there’s going to be an opportunity for a bunch of used airplanes for us at some point here giving all the NEO deliveries in the narrow body world.

We just placed our wide body order, we’re fine on wide bodies especially considering the JV's we are putting into place and the lose language we have with our pilot group which specifies no penalties for non compliance. Our JV partners can do most of the heavy lift in the years to come.

...so it’s going to reduce debt and higher shareholder cash returns. We will use a reduction in Profit Sharing to fund any raises for "team members" and we've got a group of guys ready to sell it for us. Most of my comments regarding profit sharing up until this point were to throw a wrench into labor relations between Doug and their pilots at American Airlines, which we do not like. Once they ink an agreement we will go back to horse trading profit sharing for raises at our own airline.
Fixed it for you.