Originally Posted by
fishguy79
Hate to burst your bubble, however, 50% of operating cash flow is being invested back into business. What's left is free cash flow and yes they are giving 70% percent to the owners. That leaves 30% of free cash to pay down debt which they plan on getting to 4 billion by end of 2020. I wish they would swap the ratios around and pay debt quicker but they either have a rosier picture of the future than I do, or they are getting pressure from the large share owners (hedge funds)
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I hate to burst your bubble but Bastain just increased the dividend 50% and accelerated the stock buy backs.
3 years of record profits
12 quarters of record profits
1,095 days of record profits
This first record profit should have been the date for restoring the devasting concessions forced on the Delta pilots in bankruptcy. Yet here we are 1,095 days later and we still have bankruptcy concessions in our contract:
Retirement
Scope
Work rules
Hourly rates
Medical
If this isn't failed leadership, I don't know what is.
As far as I know, the "owners" can't slip the surly bonds.