AAG's $10,000,000,000 Cash Hoard Problem.

[eolesen]

Onerous?... That's laughable.

Bad optics would be allowing one entity within AAG to remain with higher costs than another entity within AAG which does essentially the same work.

The ball's in the employees court. They can match the other wholly owned regional's cost structure, or they can be wound down. Seems like a pretty simple choice, and given the regional route slashing going on, I wouldn't count on it being a bluff. AAG doesn't need two wholly owned regionals, and they suppliers be willing to pick up the work that the Envoy employees think isn't worth what the outsiders are already getting paid...

 

[MetalMover]

Paying down debt won't necessarily help the stock price.

Look at WN -- their stock stagnated for years when they had some the lowest levels of debt in the industry.

They could use it to buy ALK for cash. That's something DL would be hard pressed to do...

Now look what you did.....You mentioned DL....
Here we go!