Originally Posted by
gzsg
In the next 24 months our execs will reach their $4 billion dollar debt goal.
Then what?
Where will the additional billions go?
We all know the answer.
To our execs through additional stock buy backs.
NOT ONE PENNY OF PROFITS SHOULD EVER HAVE BEEN RETURNED TO THE SHAREHOLDERS UNTIL THE DELTA PILOTS BANKRUPTCY CONCESSIONS WERE RESTORED
Delta has paid $10B+ in debt reduction in 6 years now saving $700M in interest a year.
$1.6B per year in debt reduction continues
$2B in shareholder returns per year continues
$1.5B+ invested in other airlines
$2B in fuel savings this year even after hedge losses
$2.5 -$3B annually into fleet, facilities and tech
$1B in pension funding (which 65% of pilots don't benefit from)
•Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually