Sept Vacancy, Holy H*ll!!
05-10-2020, 11:30 AM
#111
Gets Weekends Off
Joined APC: Jul 2015
Posts: 136
Originally Posted by WhiskeyDelta
Are you talking here about our transaction on 4/30? If so, it went better than expected. We sought $1.5B but secured $3.5B.
05-10-2020, 12:00 PM
#112
Gets Weekends Off
Joined APC: Mar 2016
Position: Here and there
Posts: 1,906
Originally Posted by rcflying53
I thought Delta sought $3 Billion. Sold $3.5B in bonds (largest bond sale in airline history) and obtained an additional loan for $1.5B?
I had to look it up since I was hazy on the exact amounts. This is what I found:
https://www.marketwatch.com/story/de...ght-2020-04-30
05-10-2020, 03:41 PM
#113
Gets Weekends Off
Joined APC: Jan 2019
Posts: 769
Originally Posted by El Peso
Exactly. Cheap debt is not a bad thing. And its not like we blew it on strippers and booze. We got something for it. New airplanes, new lounges and facilities, IT upgrades etc. All that investment was made for long term success and to earn profits. Again if we get through this dark horse event, I can see us coming out of this thing in a pretty good position.
05-11-2020, 05:52 PM
#114
Gets Weekends Off
Joined APC: Sep 2007
Posts: 331
Originally Posted by overqualified52
“The women , How much for the women” ? I think that was Belushi but I can’t remember what movie 😂.
05-12-2020, 12:14 PM
#115
Gets Weekends Off
Joined APC: Apr 2015
Posts: 339
Originally Posted by ipdanno
“Cop shocks, cop motor, cop suspension. It’s got no catalytic converter so it runs good on regular gas. What do you think, is it the new Bluesmobile?” “Fix the lighter (chucks lighter plug out the window)”
05-12-2020, 06:18 PM
#116
Banned
Joined APC: Oct 2019
Posts: 923
Low interest rates may help, staggering maturity schedules may help, but in the end, you need to pay back $30 BILLION+, and increasing. Before Covid, net margins were already small, as well as net cash flow. If Parker is going all in or bust (bankruptcy), it makes sense. If it is clear there is faint hope of coming out the other end, all or nothing makes total sense.
BTW, I just did the math, over $13 BILLION wasted in stock buybacks since 2014, cash wasted and invested at much higher amount (stock bought at much higher prices). All that money could of been put aside for a rainy day.
BTW, I just did the math, over $13 BILLION wasted in stock buybacks since 2014, cash wasted and invested at much higher amount (stock bought at much higher prices). All that money could of been put aside for a rainy day.
Last edited by C2078; 05-12-2020 at 06:30 PM.
05-12-2020, 10:18 PM
#117
In a land of unicorns
Joined APC: Apr 2014
Position: Whale FO
Posts: 6,474
Originally Posted by C2078
BTW, I just did the math, over $13 BILLION wasted in stock buybacks since 2014, cash wasted and invested at much higher amount (stock bought at much higher prices). All that money could of been put aside for a rainy day.
05-13-2020, 11:01 AM
#119
Gets Weekends Off
Joined APC: Sep 2016
Posts: 774
Originally Posted by C2078
Low interest rates may help, staggering maturity schedules may help, but in the end, you need to pay back $30 BILLION+, and increasing. Before Covid, net margins were already small, as well as net cash flow. If Parker is going all in or bust (bankruptcy), it makes sense. If it is clear there is faint hope of coming out the other end, all or nothing makes total sense.
BTW, I just did the math, over $13 BILLION wasted in stock buybacks since 2014, cash wasted and invested at much higher amount (stock bought at much higher prices). All that money could of been put aside for a rainy day.
BTW, I just did the math, over $13 BILLION wasted in stock buybacks since 2014, cash wasted and invested at much higher amount (stock bought at much higher prices). All that money could of been put aside for a rainy day.
When pension debt is the driving factor they figure they can run over you. I doubt they run over whoever financed their airplanes.
The pilots certainly can't pay 30B no matter what happens to them, so status quo will prevail.
05-13-2020, 11:02 AM
#120
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,306
Originally Posted by BLAHBLAHBLAH
Could have paid off debt, paid cash for planes, or fully funded pensions. Instead they used it to prop up stock price for the CEO.
Thread
Thread Starter
Forum
Replies
Last Post
