VSTLOA out
04-07-2020, 05:30 AM
#22
Gets Weekends Off
Joined APC: Jun 2005
Posts: 203
Originally Posted by OVBIII
About 1.69 years ago, I asked a VP that was on a flight I was sitting next to (whilst on a DH) why we haven’t upgraded our scheduling and programming software. He (basically) said, we are making do and it would be cost prohibitive. I looked at him and asked, “so constant printing and pencil work is the solution in the 21st century?” He shrugged and said well it’s worked so far.
I wonder how much manpower has been blown in the last 6.9 weeks
I wonder how much manpower has been blown in the last 6.9 weeks
From 2014 through 2019, United spent $8.57 billion for stock buybacks and paid no cash dividends. Southwest spent $8.53 billion for buybacks and $1.38 billion for dividends, for a total of $9.91 billion. American spent $11.895 billion for buybacks and $1.064 billion for dividends, for a total of $12.959 billion. Delta spent $10.08 billion for buybacks and $3.168 billion for dividends.
These numbers, which come from the companies' SEC filings, total $39.076 billion for buybacks and $5.612 billion for dividends. This means the airlines sent a combined $44.688 billion to Wall Street, which is about 90% of the proposed $50 billion bailout fund for the whole airline industry.
(Allan Sloan, The Washington Post Published 5:16 pm EDT, Monday, April 6, 2020)
These numbers, which come from the companies' SEC filings, total $39.076 billion for buybacks and $5.612 billion for dividends. This means the airlines sent a combined $44.688 billion to Wall Street, which is about 90% of the proposed $50 billion bailout fund for the whole airline industry.
(Allan Sloan, The Washington Post Published 5:16 pm EDT, Monday, April 6, 2020)
04-07-2020, 05:59 AM
#23
Banned
Joined APC: May 2017
Posts: 2,012
Originally Posted by Groundhog
Cost prohibitive? That is somewhat disingenuous. I’m thinking all of the big four could have taken a small percentage of their stock buyback monies and made significant improvements on their IT infrastructures.
05-10-2020, 05:45 AM
#27
Gets Summer Off
Joined APC: May 2009
Position: AA
Posts: 667
Originally Posted by UPTme
And the 6 months made it waaaaay junior in many statuses. Gives you an idea of how little flying the company expects on the horizon. ☹️
05-10-2020, 06:29 AM
#28
Line Holder
Joined APC: Mar 2019
Position: Line bidding sucks!
Posts: 96
Originally Posted by UPTme
And the 6 months made it waaaaay junior in many statuses. Gives you an idea of how little flying the company expects on the horizon. ☹️
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