Originally Posted by
acl65pilot
Reducing debt, buying jets with cash etc, is good for us the "Joe" employee. If DAL paid off its entire debt it would free up 2 billion plus dollars a year in money that is spent on interest for financing that debt. Guess where that could go? You guessed it, employees, and a huge initiative to renew the airline. Everyone one wins.
All us want our money back, most us want our money back for more than two to three years, and understand the difference.
BUT,,,,,, management also understands this concept and will likewise micro-manage debt levels and other financial items so as not have to provide employees with unadulterated leverage. It's absolutely part of a business strategy.