KD out at WU

#13
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,824

https://www.ainonline.com/aviation-n...ource=hs_email
They did a 10 to 1 reverse stock split to avoid being delisted on the NYSE. The stock has traded for less than $1 for most of the year. The stock recently closed at 0.26.
They did a 10 to 1 reverse stock split to avoid being delisted on the NYSE. The stock has traded for less than $1 for most of the year. The stock recently closed at 0.26.
#14
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 1,824

I posted more details in the Part 135 forum but the stock at WU is crashing again, even after the 10-1 split to keep them from being de-listed. Stock went from $3.13 to $1.24. Rumors that WU has consulted with a law firm that specializes in bankruptcy restructuring.
WU new HQ will be ATL and a retired Delta Exec will run it. Delta owns 20% of WU via the merger with Delta Private Jets. Should Delta take over WU they'll be on the hook for $1B in prepaid flight hours.
https://www.ainonline.com/aviation-n...ource=hs_email
WU new HQ will be ATL and a retired Delta Exec will run it. Delta owns 20% of WU via the merger with Delta Private Jets. Should Delta take over WU they'll be on the hook for $1B in prepaid flight hours.
https://www.ainonline.com/aviation-n...ource=hs_email