Doug on CNBC
#11
I took that to mean something slightly different. Not that they need to figure out a way around the restrictions, but how to operate within the guidelines of the restrictions. No stock buy backs or dividend pay outs means investors bail. How do you work around the restrictions to retain them? No pay increase or bonuses for management. What other incentives can be offered in leu of money?
That’s how I personally took his statement. How do we go forward with these restrictions in place, not so much how do we find loopholes.
That’s how I personally took his statement. How do we go forward with these restrictions in place, not so much how do we find loopholes.
The few minutes I watched sounded perfectly reasonable, as you would expect.
In any event Doug is not stupid enough to go on record talking about how to manipulate government support for the profit and enrichment of execs and shareholders... nobody is that stupid.
#12
That's how I understood his answer as well. Again, I said this many times but so many on here love spreading stupid ideas by taking words out of context. If you think that a CEO would admit on national TV that he needs to find a way to circumvent the imposed restrictions literally hours after accepting the deal then you are dumber than a rock! I know that these forums attract many conspiracy theorists but come on man ... this is getting ridiculous!
I would never think a CEO would get 3 DUI’s either . Like R7777 said , nobody is that stupid .
#14
Gets Weekends Off
Joined APC: Nov 2019
Posts: 1,256
Transcribed off YouTube. Note my post here was just posting what Doug himself said. I suppose anybody can claim to know "what he really meant". I simply posted his own words.
13:26
we are indeed retiring aircrafts more
13:29
than when we were would have retired
13:31
them otherwise that allows for a better
13:33
product much more efficiency with you
13:35
within our system it allows us to come
13:37
back gradually instead of instead of
13:40
bringing everything back at the same
13:41
time so there there are a number of
13:44
areas and we're moving our attention to
13:47
that point when we come back that we
13:49
want to come back even stronger and a
13:51
better companion even stronger
13:52
competitive position than we were before
13:54
but we needed to make sure we could
13:55
actually get through this and now I know
13:57
that we can Doug they say that you know
14:01
beggars can't be choosers
14:03
but restrictions on buybacks dividends
14:06
executive comp the government warrants
14:09
do you see those as limiting your
14:11
flexibility operationally financially in
14:15
the year to come they're their
14:19
conditions we were happy to accept if if
14:22
you find yourself in need of government
14:24
assistance I think it's fair to say that
14:27
until until you until you've paid off
14:30
the loans for example if you choose to
14:31
take loans that you don't you know have
14:34
stock buybacks you don't do dividends
14:36
that you're that the money doesn't flow
14:39
to your executives so that you have
14:40
restrictions on executive compensation
14:42
we need to figure out ways around those
14:44
but those are absolutely fair things
14:47
that we are asked to do and we're
14:48
certainly not complaining about hey Doug
14:50
it's Phil one last question from us and
14:52
then I know we've got to let you go and
14:55
this has to do with the fact that you're
14:56
going to be applying for more loans from
14:59
the Treasury Department you're going to
15:00
put in that application later this week
13:26
we are indeed retiring aircrafts more
13:29
than when we were would have retired
13:31
them otherwise that allows for a better
13:33
product much more efficiency with you
13:35
within our system it allows us to come
13:37
back gradually instead of instead of
13:40
bringing everything back at the same
13:41
time so there there are a number of
13:44
areas and we're moving our attention to
13:47
that point when we come back that we
13:49
want to come back even stronger and a
13:51
better companion even stronger
13:52
competitive position than we were before
13:54
but we needed to make sure we could
13:55
actually get through this and now I know
13:57
that we can Doug they say that you know
14:01
beggars can't be choosers
14:03
but restrictions on buybacks dividends
14:06
executive comp the government warrants
14:09
do you see those as limiting your
14:11
flexibility operationally financially in
14:15
the year to come they're their
14:19
conditions we were happy to accept if if
14:22
you find yourself in need of government
14:24
assistance I think it's fair to say that
14:27
until until you until you've paid off
14:30
the loans for example if you choose to
14:31
take loans that you don't you know have
14:34
stock buybacks you don't do dividends
14:36
that you're that the money doesn't flow
14:39
to your executives so that you have
14:40
restrictions on executive compensation
14:42
we need to figure out ways around those
14:44
but those are absolutely fair things
14:47
that we are asked to do and we're
14:48
certainly not complaining about hey Doug
14:50
it's Phil one last question from us and
14:52
then I know we've got to let you go and
14:55
this has to do with the fact that you're
14:56
going to be applying for more loans from
14:59
the Treasury Department you're going to
15:00
put in that application later this week
#19
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