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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  MEC Company Ltd.    4971   JP3920890005

MEC COMPANY LTD.

(4971)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/22
2331 JPY   -2.55%
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Delta pilots vote for pay cuts in deal that avoids furloughs through 2022

11/25/2020 | 12:15pm EST
FILE PHOTO: A Delta Air Lines pre-flight cleaning crew member uses an electrostatic disinfection device to clean an aircraft at JFK International Airport in New York

(Reuters) - Delta Air Lines Inc pilots voted in favor of a deal that avoids furloughs through Jan. 1, 2022 in exchange for pay cuts, a union representing the pilots said on Wednesday.

The 1,713 Delta pilots, who were expected to be furloughed on Nov. 28, will now receive a partial pay of 30 hours a month along with medical benefits and vacation accrual, while they stay off their jobs.

"I don't think there is any better way to welcome in the Thanksgiving season than with the achievement of protecting all our pilots from furlough," Delta's head of flight operations John Laughter said in a memo addressed to employees.

The airline industry has been hit hard by the coronavirus outbreak that brought travel to a near halt, with Delta and other airlines left scrambling to cut costs and boost liquidity as sales plunged.

"This agreement will help Delta navigate the COVID crisis and emerge a stronger airline in the end," Delta MEC, a unit of the Air Line Pilots Association, said in a statement.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Devika Syamnath and Amy Caren Daniel)


© Reuters 2020
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Financials
Sales 2020 11 886 M 115 M 115 M
Net income 2020 1 560 M 15,0 M 15,0 M
Net Debt 2020 - - -
P/E ratio 2020 29,2x
Yield 2020 1,12%
Capitalization 44 237 M 426 M 427 M
Capi. / Sales 2020 3,72x
Capi. / Sales 2021 3,41x
Nbr of Employees 397
Free-Float 59,6%
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Technical analysis trends MEC COMPANY LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 2 100,00 JPY
Last Close Price 2 331,00 JPY
Spread / Highest target -9,91%
Spread / Average Target -9,91%
Spread / Lowest Target -9,91%
EPS Revisions
Managers and Directors
NameTitle
Kazuo Maeda President, CEO & Representative Director
Toshiko Nakagawa Director, Head Accounting & Finance
Makoto Nagai Director & Senior Managing Executive Officer
Mitsutoshi Takao Independent Outside Director
Mitsuo Hayashi Independent Outside Director
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