70% Of Free Cashflow To Shareholders
05-17-2016 | 08:04 AM
#1
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Gets Weekends Off
Joined: Oct 2009
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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.
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.
05-17-2016 | 10:03 AM
#2
Gets Weekends Off
Joined: Nov 2010
Posts: 1,785
Likes: 0
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
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
05-17-2016 | 11:04 AM
#5
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Joined: Nov 2008
Posts: 77
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From: 767 FO
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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05-17-2016 | 11:37 AM
#6
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Joined: Apr 2014
Posts: 1,142
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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.
05-17-2016 | 12:37 PM
#7
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Gets Weekends Off
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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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Sent from my iPad using Tapatalk
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.
05-17-2016 | 12:50 PM
#8
Gets Weekends Off
Joined: May 2015
Posts: 2,960
Likes: 0
From: Power top
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.
05-17-2016 | 01:49 PM
#9
Doing Nothing
Joined: Aug 2010
Posts: 1,316
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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.
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.
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