Originally Posted by
Check Essential
I'm honestly just trying to understand your thinking about the timing of restoration.
Do you feel that the corporation has to be profitable before we should attempt to "extract value" ?
Do you feel a potential Japan Air Joint Venture deal requiring some cooperation from DALPA would be an appropriate opportunity to extract value?
There is a direct linkage between corporate profits and sustained payrates.
We will extract more value if the corporation is or is projected to be profitable (there's more value to extract).
A JAL deal is a potential opportunity. JAL just got new management this week. SkyTeam has made a compelling case to switch from OneWorld. Whether or not they do remains to be seen. If they do switch, there are a range of options available to management short of a JV, some of which requires our agreement, but many of which do not. That's a long answer to say "maybe" but we'll have to see what the deal is.