70% Of Free Cashflow To Shareholders
 

The recent 8k announced that managment intends to return 70% of free cashflow to the shareholders.



Not to purchase new planes



Not to invest in Delta Air Lines



Not to restore billions in devastating concessions to the Delta pilots



Bastain's greed knows no bounds. How much deeper can he drive his knife into our backs?



His pension is bankruptcy proof and instead of restoring ours, he lights billions on fire just to make himself richer.



The vast majority of the worlds leading investors state that stock buy backs are a very poor use of capital.



And where is ALPA National? Where is Tim Canoll?



Worthless



Helpless



Clueless



Silence is consent.

Here's the blurb.

Maintaining Disciplined Capital Deployment Strategy: Continuing to invest in the business for the long-term, de-risking the balance sheet through pension funding and debt repayment while returning at least 70% of free cash flow to the shareholders-announcing 3rd consecutive dividend increase and $375M ASR to help us achieve this target

I've been saying for the past 20 years that alpa must go......It's been like screaming in outer space.....

More fuel for Capt Malone's fire. Hang tight. We WILL get more. Not everything, but this can only look bad on mgmt through mediators' eyes....right?

Hate to burst your bubble, however, 50% of operating cash flow is being invested back into business. What's left is free cash flow and yes they are giving 70% percent to the owners. That leaves 30% of free cash to pay down debt which they plan on getting to 4 billion by end of 2020. I wish they would swap the ratios around and pay debt quicker but they either have a rosier picture of the future than I do, or they are getting pressure from the large share owners (hedge funds)


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Ed said on Deltanet a few weeks back that paying off all the debt was bad, and that Delta needed to carry its debt. Maybe someone can post that video.

I hate to burst your bubble but Bastain just increased the dividend 50% and accelerated the stock buy backs.

3 years of record profits

12 quarters of record profits

1,095 days of record profits

This first record profit should have been the date for restoring the devasting concessions forced on the Delta pilots in bankruptcy. Yet here we are 1,095 days later and we still have bankruptcy concessions in our contract:

Retirement

Scope

Work rules

Hourly rates

Medical

If this isn't failed leadership, I don't know what is.

As far as I know, the "owners" can't slip the surly bonds.

Debt levels can open us up to a takeover, that's what I believe can be what he was referring to. In any event, if this doesn't wake up the rank and file, so be it. We're worth what we can negotiate.

How much alcohol does it take for you to go to sleep at night?

Don't drink.

Thanks for your concern.