Details on Delta TA
05-13-2015, 12:50 PM
#4231
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
I just figured out what's going on...
Richard must be going to pay us in Stock Options!
He's buying back enough to pay for our next 3 years of contracts!
And think of all the money we'll have once all those dividends start showing up!
Who needs a retirement when you've got 80,000 shares of Delta Stock?
Yee Haw!
OK...either that or...
We're buying Emirates!
A380 here I come!
Richard must be going to pay us in Stock Options!
He's buying back enough to pay for our next 3 years of contracts!
And think of all the money we'll have once all those dividends start showing up!
Who needs a retirement when you've got 80,000 shares of Delta Stock?
Yee Haw!
OK...either that or...
We're buying Emirates!
A380 here I come!
05-13-2015, 12:55 PM
#4232
Gets Weekends Off
Joined APC: Jul 2014
Posts: 429
OK, So the company has $5 billion cash. Buys 13% of shares outstanding. The company has $5 billion LESS ASSETS. It isn't worth 13% more. The "shares" only have value if someone wants to buy them. The cash is King. Cash trumps psychological. The corporation can't spend psychological in a downturn nor fund my pension...as they proved in BK. Paying back 5B in debt adds value: stock price should go up. Buying 5B worth of jets for cash adds value: share price should go up. Nope, I'm solidly of the school of thought you reward SHAREHOLDERS with dividends and share price increase by increasing corporate assets/profits. You don't reward SHAREQUITTERS. Almost all the big air carriers went on a share buyback binge last time profits were high and gas was cheap. How soon we forget. OFG
05-13-2015, 01:42 PM
#4233
Gets Weekends Off
Joined APC: Apr 2009
Posts: 1,576
+CH11! In addition to massive stock buy backs, they also bought billions of little jets that proved to be an anchor.
OK, So the company has $5 billion cash. Buys 13% of shares outstanding. The company has $5 billion LESS ASSETS. It isn't worth 13% more. The "shares" only have value if someone wants to buy them. The cash is King. Cash trumps psychological. The corporation can't spend psychological in a downturn nor fund my pension...as they proved in BK. Paying back 5B in debt adds value: stock price should go up. Buying 5B worth of jets for cash adds value: share price should go up. Nope, I'm solidly of the school of thought you reward SHAREHOLDERS with dividends and share price increase by increasing corporate assets/profits. You don't reward SHAREQUITTERS. Almost all the big air carriers went on a share buyback binge last time profits were high and gas was cheap. How soon we forget. OFG
05-13-2015, 01:51 PM
#4234
Gets Weekends Off
Joined APC: May 2015
Position: Power top
Posts: 2,960
Before the ink was dry on C2012. Delta found money to invest in an oil refinery, Virgin Atlantic, Gol Airlines and 40 76 seat RJs. Delta publicly stated the cut in profit sharing would pay for C2012. More importantly, the quick contract avoided negotiating during record profits. The same tactics are in play.
We are almost 20% under our 2000 pay rates. Our benefits are a shadow of what used to be. Write your reps! Prepare to fight for a fair contract. Our CEO makes nearly 10 times what he made in 2001. Demand more from your reps and management.
We are almost 20% under our 2000 pay rates. Our benefits are a shadow of what used to be. Write your reps! Prepare to fight for a fair contract. Our CEO makes nearly 10 times what he made in 2001. Demand more from your reps and management.
05-13-2015, 03:44 PM
#4235
Gets Weekends Off
Joined APC: Jul 2011
Posts: 165
05-13-2015, 04:58 PM
#4236
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
Why would we reduce profit sharing when our execs are returning $6 billion to the shareholders in 30 months?
In addition to their 700% plus increase in compensation since chapter 11, this buyback makes their millions of shares much more valuable.
They know how to negotiate. In this environment, they have us on the ropes and more than willing to make concessions and fund our own hourly increases with reduced profit sharing.
We are in way over our heads.
In addition to their 700% plus increase in compensation since chapter 11, this buyback makes their millions of shares much more valuable.
They know how to negotiate. In this environment, they have us on the ropes and more than willing to make concessions and fund our own hourly increases with reduced profit sharing.
We are in way over our heads.
05-13-2015, 05:03 PM
#4237
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,730
OK, So the company has $5 billion cash. Buys 13% of shares outstanding. The company has $5 billion LESS ASSETS. It isn't worth 13% more. The "shares" only have value if someone wants to buy them. The cash is King. Cash trumps psychological. The corporation can't spend psychological in a downturn nor fund my pension...as they proved in BK. Paying back 5B in debt adds value: stock price should go up. Buying 5B worth of jets for cash adds value: share price should go up. Nope, I'm solidly of the school of thought you reward SHAREHOLDERS with dividends and share price increase by increasing corporate assets/profits. You don't reward SHAREQUITTERS. Almost all the big air carriers went on a share buyback binge last time profits were high and gas was cheap. How soon we forget. OFG
Richard, that's who.
05-13-2015, 05:12 PM
#4238
Gets Weekends Off
Joined APC: Jul 2014
Posts: 429
Yeah, but still chump change compared to the large institutional money. I just fundamentally disagree with the concept of repurchasing airline shares. A brick and mortar company you can make some logic out of owning the assets. With most airlines you are purchasing the revenue stream and the lease payments for the jets and facilities..and you have less cash. What do I know. I'm old. I lost my readers... OFG
05-13-2015, 05:16 PM
#4239
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
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