Originally Posted by
FangsF15
When the company was printing $6B annually, had thrown $12B into the fireplace of stock buybacks, $1B on an “oops” fuel hedge that failed, many Billions on JV’s, etc.
it was totally reasonable to expect the company to “invest” in us. Since then, they have committed $12+B on various terminals, including $3.2B on LAX alone.
They undeniably have the cash.
Another 2.5B for failed JVs over the course of COVID to add to the list above.
EB has been painting rosy pictures of company health at the latest LCA meetings. Profitability back to 2019 levels and better. Investments in all sections of the company except for.... us.
The company has money. They have over the last few decades conditioned us to accept a reset of labor costs. The question going forward is we will keep allowing it?