actually to remain "listed" on the stock exchange, and maintain a viable financial position with lenders and banks, a corporation indeed needs to maintain a minimum stock price. I believe the NASDAQ requires $3 over XXX months or something, not sure. There is lots of fine print and legaleze regarding listing.

However a de-listed company can have problems raising additional money, as "stock price" often = reputation and credibility for lenders and investors.

 

I feel this place is beyond repair. Several 10 year captains leaving, FOs leaving at a record pace, the highest in the industry actually. Management that has threatened pilots with section 19s, extreme cost cutting measures, this place is a type rating factory to the legacies. Our outlook is not bright. Don’t get stuck and look back at your career knowing that you could have made the jump to a better life. When’s the last time you told someone you fly for frontier and didn’t have that cringey taste in your mouth.

 

I tell them I drive a bus.. I start driving the bus over at the Denver airport and end my shift each time at the Denver airport. Bamm. No cringey taste.

 

I gave your mom a cringey taste in her mouth last night

 

We're very lucky to have intelligent, well-spoken, mature professionals who can contribute to the discussion.

Operations that go bust never do so with no pilots to come to work. There are always plenty of pilots in the shop when the doors close, and if you've never seen an operation close so fast that people literally show up and the doors are closed, then you're new to aviation.

Wait until you've been overseas on a trip and find that the company closed the doors last night. It's happened. That doesn't mean it will happen here, but your assertion that this isn't reasonable indicates you may be new to aviation.

When the doors close, there are always pilots still employed, who hung on until the bitter end. Even when they knew the doors were closing.

If you'd said that upper management gets stock in addition to salary, you'd have been closer to making a correct statement. As it is, you're not.

It's the same at most every company.

 

You take this a little too seriously and a little too literally.

Yes, the correct statement should read that Biffle makes both a salary and a significant amount of company stock. But I'm pretty sure he makes 10x more in stock than in salary. And for the exact reasons I mentioned. The point that actually matters is that him selling stock is to be expected, it's a significant chunk of his income. Doesn't mean the ship is sinking.

I'll clean up my act for you though

 

You better, or he'll tell his mom! Then you'll be in BIG trouble.

 

[QUOTE=JohnBurke;3679907

Operations that go bust never do so with no pilots to come to work. There are always plenty of pilots in the shop when the doors close, and if you've never seen an operation close so fast that people literally show up and the doors are closed, then you're new to aviation.

Wait until you've been overseas on a trip and find that the company closed the doors last night. It's happened. That doesn't mean it will happen here, but your assertion that this isn't reasonable indicates you may be new to aviation.

When the doors close, there are always pilots still employed, who hung on until the bitter end. Even when they knew the doors were closing.
.[/QUOTE]

You're right I am new. Didn't mean to offend you with my ignorance. Company makes a profit. Has a large airbus order in the books. Relatively low debt. Owned by a holding company that seems to have plans to grow its various aviation investments around the world.

But you know, between the class action lawsuit against F9 for baggage fees, Barry selling his stock, our performance metrics,
all signs point to shutting the doors very soon.

What company do you work for so I can sling your gear as an "new aviation" FO? Give me your Airline Pilot Central knowledge.

 

People have been saying Go Jet & Mesa are inevitably shutting down for years and here we are. We're not shutting down, we are making a million dollars per day for Indigo & Barry.

 

1. He makes about 3X more in stock versus salary. Not 10x

2. Selling stock while the price is falling raises eyebrows

* Barry has sold more since May 2023 than he has ever sold at any point previous:

http://openinsider.com/screener?s=UL...cnt=100&page=1

https://finance.yahoo.com/sec-filing...00033_1670076/