Originally Posted by
MainlineFlyer
I hope everyones log book is up to date. We are in a very bad place right now. Its getting more and more difficult to see how B6 makes it out of this corner that we have painted ourselves into.
For the people who think I'm exaggerating. Our high was $26/share. We are now a penny stock at $3.45 a share and our bonds are in junk status.
Its bleak.
I remember when Sirius stock was trading at like 15 cents a share, over a decade ago, yet it still plays today in my car today.
Relax. Entire industry is due for a downturn, Legacy carriers even noting softening demand after coming off a big year for international travel. Did everything think pay rates only go up, forever, and we would never see another softening in the industry? If so, you haven’t been paying attention the last 45 years.
You think the old guys joking about keeping your first wife, first house, and not buying a boat were joking? This is the industry. Prepare for the bad times and hope they aren’t too long.
Welcome to the airlines.