Originally Posted by
dracir1
The stock opened at $20 - the whole reason for going public was to raise funds and make the purchase of Spirit easier. That fell through. Since, BB, BL and others receive salary/compensation in the form of stock - and most have sold off most if not all of their stock. The stock has steadily declined since inception and the company has purposefully operated recklessly. BB continues to lie to stockholders about the pilot market and retantion, potential Pratt and Whitney engine issues in the future, etc. As such, Indigo would benefit GREATLY from not having to divulge company financials and given recent actions, the "vote of confidence" is a no brainer - investment banks would jump at a "salvage" offer of a stock buyback from Indigo. This is so obvious I'm surprised the SEC doesn't investigate.
Nevertheless, this company isn't headed in a positive direction. Stock plummeting, quarterly losses when most others profit, pending labor contracts, gate issues in the main base (DEN), **** poor pilot rentention, etc. This is supposed to be a time of growth and prosperity.
All large airline in the US have to report financials. Doesn't matter if they are private or not. Form 41 data is public and lays everything out there. You can delay the release of that data like Breeze does but eventually you must file it. Breeze is still hiding their second quarter 2023 data but it has to be released shortly.
"Form 41 Financial Schedule consists of financial information on large U.S. certified air carriers--includes balance sheet, cash flow, employment, income statement, fuel cost and consumption, aircraft operating expenses, and operating expenses.
Note:Numbers presented on B1, B11 Balance Sheet and P11, P12 Statement of Operations now follow the format of common public financial documents. This format reverses signs from the accounting format in which numbers appeared prior to 10/18/2006 "