Alaska buys Hawaii Vacations Inc. and $100mil in its own stock.

[Green Banana]

Looks like they are emptying their pockets so they can cry to the pilots over pay raises. Another page out of the typical playbook.

http://www.reuters.com/article/marke...0070913?rpc=44


http://seattlepi.nwsource.com/local/...Vacations.html

 

[MALSR]

Looks like they are emptying their pockets so they can cry to the pilots over pay raises. Another page out of the typical playbook.

Agreed, a company only gets rid of cash on hand when something is up. I smell no good.

 

[DashTrash400]

Eh, getting rid of cash on hand and buying back some stock isn't such a bad idea with market cap way down. The sharks are circling...

 

[Dan Roman]

Lets see, Everyone takes a paycut, with the money saved by paying the employees less they can buyback stock and improve the return for the investors. I'll bet a lot of managements compensation is based on stock options. Thank you employees for taking a pay cut to help improve the return on managements stock options!
Absolutely criminal!

 

[regionaltard]

Eh, getting rid of cash on hand and buying back some stock isn't such a bad idea with market cap way down. The sharks are circling...

Dingdingdingdingding.......we have a winner! Now if they were offering 60 bucks a share for US Air stock.......

 

[Deadalus]

This makes sense of what I'm hearing about Alaska. A friend who's in the investing world(used to own a seat on wallstreet) said Alaska is pretty much up for sale. The only draw back is their underfunded pension. Something like $300 million underfunded I think. Boy I wouldn't want my retirement security resting with them.

 

[8v8ter]

Our ALPA retirement committee only recently said that our pension is well funded by any standard. Where are you getting that? Just flamebait.

 

[Deadalus]

Our ALPA retirement committee only recently said that our pension is well funded by any standard. Where are you getting that? Just flamebait.

Don't shot the messenger, that's just what I had been told. I looked it up and I guess that your ratio of amount underfunded to market cap is (.4). Not good. Any pension now a days is a risk, let alone one in an industry as volatile as aviation.