Any "Latest & Greatest" about Delta?
05-08-2013 | 09:48 AM
Gets Weekends Off
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From: Delta M88 A ATL
05-08-2013 | 09:49 AM
Gets Weekends Off
Joined: Oct 2009
Posts: 383
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From: Delta M88 A ATL
This is interesting - the company announced its 5-year financial plan:
Initiating a quarterly dividend and an initial $500 million share repurchase program – expected to return more than $1 billion to shareholders over the next three years.
Achieving and maintaining a new adjusted net debt target of $7 billion during the next five years – as part of this debt reduction effort, Delta plans to pay cash for any new aircraft deliveries.
Reinvesting $2.0 - $2.5 billion annually, or approximately 50 percent of its operating cash flow, into improving the company’s fleet, facilities, products and technology over the next five years.
Using up to an additional $1 billion to opportunistically accelerate its long-term pension funding commitments.
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FTB - I'm going to buy that baby outfit for my wife!
Initiating a quarterly dividend and an initial $500 million share repurchase program – expected to return more than $1 billion to shareholders over the next three years.
Achieving and maintaining a new adjusted net debt target of $7 billion during the next five years – as part of this debt reduction effort, Delta plans to pay cash for any new aircraft deliveries.
Reinvesting $2.0 - $2.5 billion annually, or approximately 50 percent of its operating cash flow, into improving the company’s fleet, facilities, products and technology over the next five years.
Using up to an additional $1 billion to opportunistically accelerate its long-term pension funding commitments.
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FTB - I'm going to buy that baby outfit for my wife!
Oops! there goes the profit sharing
05-08-2013 | 09:49 AM
Da Hudge
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From: Poodle Whisperer
05-08-2013 | 11:06 AM
Banned
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I don't think anything in this plan counts against profit sharing. Isn't our profit sharing based on dollar one of pre-tax income? I believe that any costs associated with managements new fiscal plan come after pre-tax income is calculated. I could be wrong though.
Listening to RA today, it sounds like the company is seeking a different class of investor. Any thoughts on what that means to Delta and ultimately us?
The debt reduction is a good idea. Less money paid out in interests, more for profit sharing and buying aircraft as well as infrastructure investment. I also like the commitment to the pensions. I wish his predecessors had shown that same commitment.
Listening to RA today, it sounds like the company is seeking a different class of investor. Any thoughts on what that means to Delta and ultimately us?
The debt reduction is a good idea. Less money paid out in interests, more for profit sharing and buying aircraft as well as infrastructure investment. I also like the commitment to the pensions. I wish his predecessors had shown that same commitment.
05-08-2013 | 12:02 PM
Gets Weekends Off
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Well, here's what American Airlines plans to do with many of their shiny new 321s.....
American plans hourly flights on New York-LA route
American plans hourly flights on New York-LA route
05-08-2013 | 12:24 PM
Da Hudge
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From: Poodle Whisperer
Well, here's what American Airlines plans to do with many of their shiny new 321s.....
American plans hourly flights on New York-LA route
American plans hourly flights on New York-LA route
05-08-2013 | 12:30 PM
Line Holder
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05-08-2013 | 12:36 PM
You scratched my anchor
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05-08-2013 | 12:41 PM
Line Holder
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I commute primarily on JetBlue, so I'm no stranger to the comfort of the Airbus. I was talking primarily from a pilot's perspective - I don't like seeing higher paying equipment get replaced with lower paying equipment. More frequency, though. Maybe that makes up for it?
05-08-2013 | 12:46 PM
No longer cares
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From: 767er Captain
Except its not just at the top. The membership has spoken.
Outsourcing is our strategy.
We have constructively engaged and ratified and settled and approved and signed and endorsed and negotiated more and more outsourcing at every opportunity.
The poster boy for this strategy has been elected as our President.
Moak has done nothing but facilitate outsourcing during his entire rise to the top.
The skeptical point of view as evidenced on this forum has been defeated at the polls time and time again.
I hope it all works. Otherwise --
Will the last mainline pilot please turn out the lights.
Outsourcing is our strategy.
We have constructively engaged and ratified and settled and approved and signed and endorsed and negotiated more and more outsourcing at every opportunity.
The poster boy for this strategy has been elected as our President.
Moak has done nothing but facilitate outsourcing during his entire rise to the top.
The skeptical point of view as evidenced on this forum has been defeated at the polls time and time again.
I hope it all works. Otherwise --
Will the last mainline pilot please turn out the lights.
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