Capping Icahn’s involvement to 15% is really huge to me. Yes he’s going to be a big thorn in the side of the company, but we won’t be seeing TWA-like results.

ultimately I think he will package us for a merger with another carrier. A lot of our value lies in the BOS/JFK/FLL hub and there will likely be several interested parties. This is something our mgmt team likely resisted over the years out of self-preservation, but it will bring a good payday for Icahn.

I’d stay put for now and see how this plays out. If we start selling off chunks of assets then we can get concerned, but I feel like that’s not very likely now.

Same here. After I got my JetBlue phase 2 email a decade ago, I told the family that "Daddy has gone to his last interview and I'm only keeping the suit for funerals."

Now about twice a week we talk about dusting off that suit.

I hope there isn't a way for him to legally violate the agreement and increase his stake above 15% in the future, or gain control in some other way.

I like the 15% cap, and the two board seats, but hope it isn't the camel-toes nose under the tent.

I agree, there is a possibility of other activists getting involved and going along with whatever he wants. At this point I wouldn’t be dusting off the resume if I was beyond the 3-4yr mark here.

This is my concern. HE is limited to 15%, but others could join in.

Thats always a possibility as it would only be for him to make promises of how rich he could make the board members and it would go to a vote.

I'm coming up on 3 years and wanted to retire here after getting hired. This place works well for my family. I'm 50/50 now, finding it hard to make a decision with so many unknowns and viariables (Insert larry david meme). I definitely want to see what is said during the investor presentation in May and hope for some more clarity. Still, even if they paint a pretty future for us its no guarantee of whats to come.

I agree TWA like results seems less likely, and that some kind of merger prep is a possibility. I'm assuming we would also need a new administration, absolutely no overlap or chance of anti-competition arguments, or some kind of plea that if not allowed we'll disappear and thats not good for anyone.

I genuinely do not understand why so many are jumping to WILD assumptions of a AS/B6/HA merger. Alaska learned their lesson with virgin trying to get rid of all the airbus aircraft. They want a boeing merger. The most logical merger, if any, would still be a new draft of the NK/B6 merger for a third of the price of the original agreement under a new administration. But I think both airlines will go their seperate ways, F9 will purchase spirit, and then after DOJ approval, F9/NK will adjust their business model and they will have the scale to make it work.

now more than ever having multiple fleet types makes sense.

NK having 40 airplanes down on average
AK having to park all the max

multiple types is a hedge at this point.

It still blows my mind that the judge/ruling is for "Anti-competitive" when all he did was literally create a mess of 2 airlines, with both airlines possibly being acquired or just gone. Absolutely nuts.