Originally Posted by PT6flyer

For all practical purposes you are correct. However, the lines between companies must be maintained (we may be the only wholly owned airline but not the only wholly owned company) and investors do not care about practicality, neither does the SEC or the BOD. Endeavor is a profit center for the airline Delta, which profits are put on their SEC filing to boost share value.

It may make more sense to you personally, but make no mistake, we are a separate company with separate monies lended and returned or else the SEC would shut delta down. We have money in the bank and it is Deltas. I get it, sometimes this seems like a irrelevant thing to point out, but at some point the investors look at the money changing hands and say "endeavor isn't worth the hassel" and the Board, Investors and Executive Managment have shown the ability and desire in the past to lose a couple hundred million dollars just to scare the regional pilot groups. Comair made money and Delta excitedly shut it down just to show their dominance.

We still make a profit, but we're not Skywest. If they wanted to shut us down, make mainline work overtime, until they could dump everything into skywest or start a new wholly owned they would. We aren't important. But in the meantime we get rid of the bonuses in exchange for negotiated pay rates and soft pay enhancements.

Wish we'd gotten something closer to a flow. That Envoy deal looks better every day. Anyway, back to 18 days off.