I won't try to do math in public, but the stock buy back wasted One Billion dollars?

 

That's about right. A 30 percent raise would cost about $700 million per year or .7 that amount, but who's counting?

 

We could ask "ED, I'm not paid to make those decisions" Bastian exactly how much he's blown on fuel and stock buy backs. Where's our contract?

 

Looks like the dow is dumping today, DL down 2

 

The buy back money was completely wasted, as I predicted it would be. However, the Brexit will have a positive effect on Delta unless the investor division of Delta was dabbling in currencies again. Not that it matters anyway since the market couldn't care less about Delta's performance.

Since 2008 Delta has throw away well over $10 billion in cash on investments, and projects that failed. Money that could have been used to grow the company, or restore the bankruptcy contracts at mainline, and wholly owned subsidiaries.

 

Are you kidding me?! I don't even work for delta but this post is so ridiculous I had to say something. Improving older fleets, bringing regional feed in house, very generous profit sharing, improvements in infrastructure (lga, JFK,) providing a fantastic international product. And so on.. Delta, to this pilot has seen to do a fantastic job of growing the airline smartly, providing the best product of the big 4 and keeping a vast majority of the employees happy and Content has been money well invested IMO.
Look at the financials and profits since 2008.. Delta has lapped the field. And you're arguing they've just wasted money?!? Flat out ridiculous.

And when the stock was $46 it was a hell
Of a good buy and it's even better now.. What was the price to earnings when the stock was$46?!? Maybe 10-11?!? That's incredibly cheap for a stock for a company performing so well..a great buy for Joe Q. Public and great buy for a company. A good deal is a good deal. Delta bought a fantastic asset, their own stock, and despite the decline since then it was still a good buy. The market goes up and the market goes down. The business and balance sheet is the same it was 6 months ago. Get off
Your high horse and realize you work for a Titan in the Industry worldwide, and make a good living doing it. Just because they didn't pay you $300,000 a year in this last proposal doesn't mean the company has just made crappy investment after crappy investment..

 

Whoah!!!! Not sure if that's goose stepping I hear or crickets chirping. 😎

 

Typically the repurchased certificates are cancelled. Typically most companies buy back stock at the wrong time because that is when times are good and cash is floating around while the market is high too. So since the cerficifcas are voided a reduction in stock price doesn't hurt the company and alternately doubling of the stock doesn't benefit the company. If the stock goes down it is typically a minor "whoops" to share holders as $x could have boughten more shares from the float to delete.

Buy backs are a sign of bad management to me. An extreme waste of profits. But at is just my opinion.

 

Listen genius, most of our first officers make 300k. Captains, we drive Lambo's and make love to fabulous women. Go back to your forum and dream about whining like we do. Cheers.

 

FIFY.
Tiger's blood and all that.