Originally Posted by
Mooneyguy
A very interesting morning on Wall Street. Jet blue is down and one reason was that analyst from JP Morgan lowered them to a Nuetral. They also lowered their stock price target from 26$ to 22$.
The primary cause for this (per the analyst) is JB managements lack of progress in talks with the pilots union.
While Spirit was moved up two places
in the valuation and stock price is up 1.44%. The primary two reasons for increased valuation by the analyst was the price inscrease and the signing of a new contract with the pilots union.
This is interesting because typically keeping cost down (employee pay is a cost) keeps the market happy.
I think even the stock market is beginning to understand the need for pilots, and the need for these airlines to ensure their stability by having a good and strong workforce. In this market the only way an airline will have a good workforce is with proper pay.
Spirit should be a good example to managements of all airlines still in negotiations.
Makes sense but......
Private company indigo won't give up a nickel unless forced to do so