Originally Posted by
Cyio
I agree with you however after reading that link above I actually think they have a valid point. Perhaps tanking Bob and Gary and the promoting say Andrew is the better option as opposed to trying to bring in someone totally off the street. I would imagine a lot of pushback and even slower change.
Maybe it's just me but I still don't think AW is ready for prime time. He's a very smart dude and transparent, but he still lacks that communication skill's neccesary to deal with wallstreet, media and instutional investors. Which is what a CEO's main job is. Kelly, Bastian, Kirby all have the communication skills. Just watch them speak and deal with media, etc. AW can't do that.
good take on the situation I think
Here to read
Elliott see's a revenue problem only. SWA has a cost problem also. The only way out of it is to get more airplanes. Which we all know will not happen anytime soon. So as they pound sand about premium product, assign seating and squeezing the SWA customer, it still won't be enough. I read an interesting article today, which basically outlines SWA's depreciation runs about 1.5 billion dollars a year. Obviously thats a non cash item BUT these guys are crying about SWA valuations as being under valued. Well, you gotta fix that if want make the company more attractive to investors. Throw in massive mx costs(no airplanes), new expensive contracts(no new airplanes to increase ASM's), it's going to be a rough road that I think Elliott will have to fight. Love to hear their solution for that. Since they seem to think minimal cap ex to make this all happen.