I like the idea of reducing GS premium, it keeps us from being our own worst enemies. The downside is junior pilots end up with IA premium pay instead of senior ones. Would pilots bid to be junior in category in these circumstances? Perhaps regular line GS pays 1.25 and reserve remains the same, since reserve GS doesn't reduce staffing the way line GS does.


WRT buybacks, if we can't eliminate them, any stock based compensation should be adjusted based on a reduction of outstanding shares. If Delta buys back 10% of the outstanding shares, the strike price on executive options increase and the number of shares are reduced by 10%. Executives do not participate in special dividend disbursements.