KD out at WU
05-09-2023 | 07:41 AM
#1
Thread Starter
Line Holder
Joined: Jun 2019
Posts: 565
Likes: 6
From: Poolside
KD out at WU
Looks like Kenny is out at Wheels UP: https://www.streetinsider.com/PRNews.../21632043.html
05-09-2023 | 08:22 AM
#2
Gets Weekends Off
Joined: Sep 2022
Posts: 182
Likes: 0
Looks like Kenny is out at Wheels UP: https://www.streetinsider.com/PRNews.../21632043.html
05-10-2023 | 11:39 AM
#3
Gets Weekends Off
Joined: Dec 2017
Posts: 2,014
Likes: 1
From: Retired NJA & AA
No kidding. They're consulting bankruptcy advisors and lawsuits have been filed over the restatement of 2022 financial results:
Things went from bad to worse at Wheels Up yesterday, even as interim CEO Todd Smith was assuring investors and the media that the company was positioned for a rebound. After the stock shed an additional 21 percent on the day and markets closed, financial network CNBC reported that the company is consulting with bankruptcy advisers and that Warren Buffett, whose Berkshire Hathaway conglomerate owns NetJets, said he thought “there’s a good chance” that Wheels Up customers who prepaid for block hours “are going to be disappointed later on.”
https://www.ainonline.com/aviation-n...ource=hs_email
Things went from bad to worse at Wheels Up yesterday, even as interim CEO Todd Smith was assuring investors and the media that the company was positioned for a rebound. After the stock shed an additional 21 percent on the day and markets closed, financial network CNBC reported that the company is consulting with bankruptcy advisers and that Warren Buffett, whose Berkshire Hathaway conglomerate owns NetJets, said he thought “there’s a good chance” that Wheels Up customers who prepaid for block hours “are going to be disappointed later on.”
https://www.ainonline.com/aviation-n...ource=hs_email
05-13-2023 | 12:23 PM
#5
Gets Weekends Off
Joined: Sep 2022
Posts: 182
Likes: 0
05-16-2023 | 10:40 AM
#9
On Reserve
Joined: Feb 2020
Posts: 42
Likes: 0
05-23-2023 | 06:57 PM
#10
Line Holder
Joined: Nov 2014
Posts: 82
Likes: 0
From: Phenom
Glad the WU pilot group no longer has to listen to the bizarre rah rah sis boom bah Kenny D take it away telecons. That was some of the most tone deaf crap I’ve ever had to listen to. Anyone with half a brain saw this coming. Especially after trying to leverage the KA’s to raise capital on scheme that couldn’t possibly succeed. Beyond glad my principal pulled their jet from the certificate and allowed us to move everything internal.
