Thank you. I thought I was temporarily insane until I read your post. They are selling aircraft and leasing back to get free cash flow, which is, even more than net profit, the best measure of a company's success. Free cash flow is great because you can do whatever has the greatest ROI with that cash. You can buy things, pay down debt, improve things, reward your employees, and then lastly reward your stakeholders.
Bob and company are freeing up cash to do a round of stock buybacks which is completely counterintuitive to the way a business should be run. It is the tail wagging the dog.
So yeah, sell and lease away if that's what you need to do in order to turn a profit, but don't do leasebacks to free up cash to buy back stock. It is a blatant bribe to the other institutional investors to keep their jobs and stave off the threat of Elliott so that they can continue to reward themselves for failing us. No thanks, I'll take what's behind door number 2.
My comments above about anti labor and pro greed were more about trust and honesty. Don't lie to me and tell me you love me. Don't continuously fail and then act like you are my savior. Bob, Gary, and company have had a good run getting rich off our hard work and turning this company from the most feared and revered airline in the domestic sphere to a laughingstock. I would rather deal with someone who is honest about who they are and what they represent but are here to make this company mean and lean.