The recovery plan does foresee a return to profitability and some upsides for the employees through profit sharing and stock options. What the unions asked was, 'What if the company becomes wildly profitable, beyond any projection.' We said that's a legitimate issue. That return to investment grade debt would signify things are very different than they are today, performing well above plan.
More Quotes from Bruce Hicks:
The fact is, there won't be a consensus agreement reached before the deadline. It's not practical given how far apart the two sides are. But there's no light switch today. It's not turning off of one, turning on of the other.Bruce Hicks
Today's outcome will not disrupt Delta service. Together with our pilots and all of our employees, we remain focused on our number-one priority -- taking good care of our customers. The traveling public can continue to book Delta with confidence, and we appreciate their business and look forward to serving them. In the meantime, Delta remains committed to seeking a consensual agreement with our pilots and is working hard to do so.
Bruce Hicks
The company is going to continue on its path, and that is to make every effort possible to reach a negotiated consensual agreement. That's the most important work that we can do. Our efforts are focused on saving this great airline.
Bruce Hicks
They're not at that stage yet. ... The time will come.
Bruce Hicks
We're doing our best to honor the request of the arbitration panel, to work privately and turn down the noise.
Bruce Hicks
We believe an agreement can be reached. A strike by the pilots would be fatal to Delta.
Bruce Hicks
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