Spirit of NKS, Part IV

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02-11-2017, 02:38 PM

#191

THR IDLE

Line Holder

Joined APC: Oct 2015

Position: Assistant Bus Driver

Posts: 38

Quote:

Originally Posted by dn_wisconsin

I'm thinking a dtw captain who does the walk around after the FO does and opens hydraulic doors.

That wouldn't surprise me.

02-11-2017, 02:59 PM

#192

NJGov

Gets Weekends Off

Joined APC: Dec 2007

Position: A319/321 FO

Posts: 315

Quote:

Originally Posted by RJRJ

Anybody know where $200 MILLION os Spirit's cash on the books went? Last year we had $1 billion. This quarter, $800 million. I didn't hear that addressed in the conference call, nor did any reporter ask a question about that at the end of the call.

I thought the missing money was closer to 400mil$? And yes I'm curious too. Spirit doesn't pay dividend so it's not going to shareholders.

02-11-2017, 03:13 PM

#193

3inthegreen

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Joined APC: Dec 2014

Posts: 679

Quote:

Originally Posted by NJGov

I thought the missing money was closer to 400mil$? And yes I'm curious too. Spirit doesn't pay dividend so it's not going to shareholders.

It wasn't a dividend, it was a stock buy back.

02-11-2017, 06:58 PM

#194

Big E 757

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Joined APC: Nov 2013

Position: A320 Left seat

Posts: 2,580

Quote:

Originally Posted by NJGov

I thought the missing money was closer to 400mil$? And yes I'm curious too. Spirit doesn't pay dividend so it's not going to shareholders.

If outstanding shares are bought up from the open market by the company, basically removing those shares from circulation, it increases the value of the existing shares in shareholder pockets, thus giving them money, by virtue of the value increase.

In other words, Wall Street looks at earnings per share and determines the value of each share of stock by how much each share of the company earns per quarter/per year. If you pull shares out of the pool, each outstanding share has more value. It's a tax free way of saying thanks to the people who buy your shares...until they sell the stock.

I'm not saying this is what happened, I have no idea. I'm just saying there are other ways to give money to shareholders than just divedends.

02-11-2017, 09:33 PM

#195

RJRJ

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Joined APC: Nov 2015

Posts: 194

Quote:

Originally Posted by Big E 757

In other words, Wall Street looks at earnings per share and determines the value of each share of stock by how much each share of the company earns per quarter/per year. If you pull shares out of the pool, each outstanding share has more value. It's a tax free way of saying thanks to the people who buy your shares...until they sell the stock.

I'm not saying this is what happened, I have no idea. I'm just saying there are other ways to give money to shareholders than just divedends.

Being able to say a company has $1 BILLION in the bank has a certain cachet to it. $1.1 billion doesn't sound any better. To go below $1 bbillion, I would like to see something tangible, like an extra 5 planes... Or something