Originally Posted by full of luv

Again, besides paying you absurds amounts of wages of course.....what would you have them do with buckets of free cash pouring into the company coffers which they ultimately don't feel comfortable expanding operations with? When you buyback shares you also spread the dividend going forward over fewer shares which again raises the stock yield. A well run company will do many things with it's extra cash.

Originally Posted by Speed Select

Will they typically freeze the USERRA clock for pilots senior enough to avoid furlough, but who are willing to go on orders to allow a more junior pilot to stay employed?

VLOA vs MLOA has benefits ramifications. Just wondering what the historical precedent is.

Originally Posted by sailingfun

Contracts are normally 3 years. We gave the 4th year as a concession in TA2. We could easily have completed a contract in Dec worth at least a billion in improvements to the pilot group and probably In excess of 1.5 billion. We would have exchanged openers for the next contract in about 2 years. I am not sure we will have this one done in 2 years but I will take 18 months in the pool. That delay will force it into a 4 year deal amendable 31 Dec 2023. Contracts that go well past amendable dates typically end up netting a couple percent over what could have been completed on time but more importantly delay the progression multiple contracts bring. We now also face a real possibility AMR or UAL sign before us and lock the bar.
Not completing the contract on time will be a tremendous loss to your family. It will come to you eventually.
”Pigs get fed, hogs get slaughtered”

Originally Posted by full of luv

Again, besides paying you absurds amounts of wages of course.....what would you have them do with buckets of free cash pouring into the company coffers which they ultimately don't feel comfortable expanding operations with? When you buyback shares you also spread the dividend going forward over fewer shares which again raises the stock yield. A well run company will do many things with it's extra cash.

Originally Posted by bohicagain

Is LOA 9-3 flow down still in effect?

Delta guys still gave flown down rights to Compass.

Expensive AF to retain all of the Compass list.
how much per E175 type? X 470 pilots = may not furlough to avoid this headache.

Originally Posted by bohicagain

Is LOA 9-3 flow down still in effect?

Delta guys still gave flown down rights to Compass.

Expensive AF to retain all of the Compass list.
how much per E175 type? X 470 pilots = may not furlough to avoid this headache.

Originally Posted by Scoop

You make a good point, in fact it would be a great point if the company did not borrow money for some of the buybacks. I agree the stockholders as owners should be high on the list for excess cash, I just don’t like buybacks. Isn’t there some mechanism that would allow a one time dividend bonus that would not raise the expectations for future dividends? If not maybe I will invent it.

Scoop

Originally Posted by full of luv

It does seem absurd to borrow to buy your stock, but I think that most mgmts are leery of being in the position where you have lots of cash, low debt to a point because with a small slowdown in business your stock can sink leaving you vulnerable to a takeover in which someone ultimately uses your own cash to eventually fund the takeover process. Ultimately though, I agree, at this moment having the cash on hand would be helpful and when the stock picks up a bit, they should be able to reissue some shares to raise some money if needed. Heck, Berkshire Hathaway just bought in, so there is some support for what the plan going forward is. Best to all of us!