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Old 04-30-2020, 06:48 PM   #21  
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Originally Posted by DirkDiggler View Post
It amazes me, these greedy executives and CEO's. Over the last 10 years the airlines have posted billions upon billions in profits, of which 96% of that went towards shareholder buybacks.
Exactly. This is how it works. If you are not maxing out your 401k with an investment account on the side, you are doing it wrong.

Like begets like.

Money makes more money. Period.
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Old 04-30-2020, 06:53 PM   #22  
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Unless things have changed you arenít considered a pilot on the seniority list till you complete your LOE.
We furloughed people who have finished LOE, but have not finished IOE. I think we are considered seniority list pilots when we finish IOE.
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Old 04-30-2020, 07:24 PM   #23  
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Gonna do this again...

That 96% number is free cash flow, not profits. That number is also skewed by AA, which spent $12.9B on buybacks with almost $8B of negative free cash flow.

Remove AA, and the number is more like 60%, which is close to S&P averages.
I misspoke, free cash flow. In other words net income (profit) plus depreciation less capital expenditures. The crazy thing, in the end they may all just declare bankruptcy anyway, blame the coronavirus, gut the labor contracts and pay uncle sam back pennies on the dollar. The stock warrants the government receives as collateral will most likely be out of the money as the share price may very well be below the strike price. Let's hope not though. Hope for a speedy recovery for everyone's sake.
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Old 04-30-2020, 07:31 PM   #24  
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Unless things have changed you arenít considered a pilot on the seniority list till you complete your LOE.
Is there a reference for that? Company puts them on the seniority list on first day of Indoc.
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Old 04-30-2020, 07:38 PM   #25  
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Unless things have changed you arenít considered a pilot on the seniority list till you complete your LOE.
I had finished LOE, but not IOE, and I was furloughed. I suppose I should be grateful for the paid ATP and type rating, but still a pretty big bummer. The lack of any sort of notice also sucks
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Old 04-30-2020, 08:30 PM   #26  
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The lack of any sort of notice also sucks
What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
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Old 04-30-2020, 09:13 PM   #27  
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What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
C'mon man, give him a break. I'm sure he feels bad enough as it is.
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Old 04-30-2020, 09:45 PM   #28  
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What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
D-bag response

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Old 04-30-2020, 09:59 PM   #29  
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What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
I can read the tea leaves just fine, and I'm sure you can too, but a noob may not have that much SA on the industry and may have been expecting a job until 01 Oct.

There are several potential loopholes to CARES payroll protections, this is one of them, as well as downgrades conducted in accordance with the contract.
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Old 04-30-2020, 10:34 PM   #30  
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What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
Donít listen to this guy. Sorry to hear this happened so close to the finish line. Keep your head held up high and try and look at the positive.
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