Stock buybacks are important at times. Not only does it signal confidence in growth by the company but also has many other benefits. For example, boosting share price, return of value, tax efficiency, and earnings per share by reducing the number of shares. AW should know that in June of 2020 United sold 1 billion in shares because we were burning hundreds of millions a day due to covid. This buyback returns this value. We are trying to get back to pre pandemic levels of profitability and growth tracking. I would rather see the union getting ready for another round of furloughs through a furlough fund rather than renting yachts to see airshows for a couple hours or buying golf rounds and steak. As project 2025 is on course to eliminate government agencies for weather and education for programs like ATC as well as cost the middle class thousands a year, an economic downturn could be soon causing downgrades and furloughs. The union needs to start preparing.

 

No surprise that you would value short term share price manipulation and earnings per share metrics, and completely fail to understand the value of membership engagement and the fostering of unity. Before United sold shares to raise cash, management had ****ed away billions in 2019 share repurchases. That cash would have come in handy as the pandemic took hold. BTW, management also repurchased shares just prior to 9/11, contributing to our winning the race to Chapter 11. "We" are trying to what, again?

I hope our pilot group continues to resist your crowd's efforts to regain representational positions. We need more time before another period of weakness and seeing things "from the Company's point of view".

 

Troll bait.

Real question, was there strings attached to the U.S. Govt purchasing shares from United? Did this buyback alleviate/null/change any variable of that deal made in the Pandemic?

 

While buybacks aren’t necessarily a bad thing, when your largest workgroup is ready to go on strike it’s really poor form to do a buyback when you could finish out the contract and then do a smaller buyback. Where AW failed was to directly mention the FA group as to why she voted no, but then again she didn’t write this comm, someone else did and she rubber stamped it after legal approved it.

 

Define “finish out the contract”…. I’ve literally seen 4 FAs aggressively argue about the top 2-3 things important to them, and none of those things are the same.

The FA group deserves a new contract, I strongly believe this, but they can’t get their house together to bring a unified proposal to the table. Management is more than happy to sit on the sidelines and watch the s-show.

 

Stock buy backs are an enormous waste of ****ing money. You want to get back to profitability and increase value of the company? Invest back into the company's infrastructure, whether it be employees, growth plans, etc. Buy backs are just a quick, short sighted check for the C suite. Full stop.

 

Maybe Kirby sees the bad juju on the horizon for airlines and woke organizations in general and decided now is a good time to pump up his/their golden parachute.

 

One could argue UAL has been investing heavily into itself with growth/orders, expansion and other improvements we’ve seen since Covid.

Not saying it’s a good thing for pilots, but there had to be a time this was coming. I still expect furloughs for myself and others.

 

How far are you form the bottom?

 

he isn’t even at united