you are aware the the company has 1.2 billion in the bank? Love it hate this place man, they have money in the bank. They planned for something. Might not meet you standards of planning. But they planned for something at least. Could be worse. Could have 0$ in the bank. As far as profit sharing, why do we even talk about this? We signed up for the profit sharing formula. Idk what to tell you about it. If You voted yes, get over it you weren’t getting any even if this didn’t happen. We are all in this one together. Hopefully you have some money in the bank. Idk what to tell you about stock buy back. Welcome to
big business man no hard feelings. It’s going to suck for you, me and everyone else. Not just airline employees. Local pet store said he will have to go out of business in two weeks. perspective.

when did the FO bid close?

The 13th, 9am East Coast.

everyone FO should be sending jim an email
about this

Look, they built a good balance sheet, but will most likely prove to be not good enough.

The reality is that front line employees are going to be making a lot less money, and possibly even less than guarantee, on average, due to a few possibilities.

The company also said they won't be asking for government assistance.

With the stock buybacks, where the company spent more than $1 billion to buy back stock at $20 dollars a share, where the stock is now $11 bucks a share. Millions for tech ventures. Millions for executives.

The point is, as good as the balance sheet is, it likely won't be good enough, could have been MUCH better, and it will be the front line employees will be paying the price, while they received NONE of the benefits of the wasted money I mentioned.

trust me I get it man.

devils advocate. 0% of us saw this coming. You think 1 more billion is going to make it burn less? The government is going step in. It’s change literally 10 fold over the last 3 days.

Loa 8
 

MEC Email 11:45am:

April bid cancelled, rebid expected end of week.

Offering voluntary incentive lines, 50 hours, April and beyond.

Increased protection for sick time and high risk individuals in reference to COVID-19.

I’m glad the company is getting aggressive in April. Why fly 95% what we would have flown when clearly that’s massive over -capacity.

Overall, I’d call it a best case scenario.
Let’s hope it works.

I agree. But having $2 billion in the corporate bank account is almost twice as good as having $1 billion, I think, but I'm not good at public maffs.