Posted this on the UAL Forum when the rumor first came out on Friday last:
Originally Posted by Joe P.
Some months back a rumor like this floated up on APC about Virgin America. Never gave it a second thought.
So . . .
Bought a couple of shares of JBLU today . . . who knows, might end up paying for a case of beer.
Either way, I hear tell that a wise investor recently plunked down a whole lotta dough on airlines so musn't be too bad an investment Course that was true 6 months ago when said investor started buying. Might not be so prudent right now . . .
"Nope, wouldn't be prudent" , says the church lady
Just sold my shares for a quick 5% gain. Looks like I got my case of beer.
Stock was up over 5% this morning. Large buyer at the open. They did report improved RPMs, but RASM should be down YOY which would seem to negate that news. The big 3 were only up 1% or in UAL's case down .4%
Could JBLU be in play? Maybe another airline like Alaska?