Did you ever look at the balance sheet when Anderson was voted off the island? I think we were down to $7B in debt and would have been at zero by 2019 with probably $15B in cash. And hostile takeover? BS.

The pricing of pilots will be at market, its basically a fixed cost as there is a shortage. We have chosen to prolong negotiations and that means we are likely up to bat last. So UAL offers, >16%, AAL +, SWA goes ++ and the LCC follow suit. What I refuse to do is offer Ed a discount on my rate so he can pay down debt AND resume early burn backs, of which contribute nothing of value to the company going forward. Trust me, Ed wants to be first to the buy backs.

Back on thread target, we don't have JV CS agreements for any of the new entrants (Korean, Latam, Aero Mexico). Delta can put code on 40% of the seats on a city pair of a foreign carrier's flight. If they need more we have an insane amount of 330 and 350s coming that I am constantly reminded by Trip7 are growth.

Or are they?


PWA SEC 1 E.2

Without the consent of the Delta MEC, neither the Company nor any Company affiliate
will enter into or maintain an agreement or arrangement with any foreign air carrier
performing international partner flying that permits the Company or any Company
affiliate to book or ticket under the Company’s or Company affiliate’s designator code,
reserve, block, and/or purchase for resale:
a. more than 40% of the passenger seats in any month on any pair of flight segments in
a city pair (e.g., CDG-ATL-CDG) of such foreign air carrier,

I understand the issues in the Pacific and acknowledge war is inevitable with time. However, global production balance will have to be better than ^^