The real question you all should be asking is, why do these guys want control of the board?
The stock price by itself is rather limited so that can't be the real thing they want to affect.
My list of possible scenarios are:
1. They want to force a cash settlement to go away.
2. They could actually sell off parts of the route system for cash.
3. They just love the fight.
In it all I think we can all agree they really don't want to run an airline.