Originally Posted by
Desert Sky
The company’s financials tell a different story though. We still have exceptional profit margins even though management is diversifying the company profile. I understand the great displeasure from the pilot group regarding the company not investing more in the airline. To say that the sky is falling is premature, IMO.
Could the airline portion be divested? Sure. Again, that would not make much sense if you reviewed the investor calls and presentations. The airline is an integral part of the resort/hotel and G4ce (sp?) strategic business plans. They all go hand-in-hand.
The company is going into uncharted waters with the strategy they want to utilize with these ventures. If it is successful, MG will be hailed as a business genius. If it all goes South, we will be another cautionary tale of an airline venturing too far off the traditional bread and butter aircraft lift model.
If it succeeds JR (not MG) will be hailed as a business genius.
If it all goes south, upper management will shrug and move on to their next adventure while the employees look for new ways to feed their families.