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KD out at WU

Old 05-23-2023, 07:44 PM
  #11  
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I had listened to some of those All Staff calls, starting with the Star of the show announcement; "And now our CEO, Kenny Dichter, Dichter!" I had never heard such "doublespeak" and management catch phrases in my life.
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Old 05-24-2023, 10:20 AM
  #12  
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What's the feeling at WU? Are most pilots leaving for anything or planning to ride it out?
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Old 06-02-2023, 12:27 PM
  #13  
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Default WU avoids stock delisting via 10/1 reverse..

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.
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Old 06-23-2023, 12:38 PM
  #14  
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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
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