Originally Posted by
seekingblue
Agree the stock buy back is a waste. Whats worse, is that after pumping that much money into the company, all we have to show for it is a 20% decline in stock price. A true waste.
However, if we are purchased, the real estate we control (like JFK 5-7) would likely be the biggest selling point. So I don't think spending the money on real estate is a bad course of action (as opposed to spending billions on something that costs 1B+ to lose 20%.
I actually agree. While tying up that much capital in the terminal 6-7 will hurt the junior pilots (until we can afford to grow again if ever), at least it's a smart business move.
I do wonder though, is JFK slot restricted or gate restricted? In other words will the new gates be worth much if the runways/airspace is already saturated? I honestly don't know.