View Poll Results: Are you leaving JetBlue for another airline?
Voters: 189. You may not vote on this poll
Staying or Going... JetBlue edition
02-18-2024 | 05:20 AM
#211
Line Holder
Joined: Oct 2016
Posts: 200
Likes: 59
The plan B one is another hot topic for me. Have heard constantly since Spirit was even a thought that a plan B was in place in case of an unsuccessful outcome. Fast forward to present time and still no mention of this plan B. Just a "we have one". More stringing along with they'll say more of what it is in May. Now throw the newest investor into the mix it seems more of there is no plan B. I'm doing the same thing. Let the dust settle and see what happens come May with the investor call and then it'll be decision time.
02-18-2024 | 06:28 AM
#212
Line Holder
Joined: Aug 2007
Posts: 1,049
Likes: 7
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
02-18-2024 | 06:38 AM
#213
Line Holder
Joined: Aug 2007
Posts: 1,049
Likes: 7
For anyone really worried about a TWA 2.0 scenario at JB, take a look at the restrictions that Icahn agreed to in order to get his two board seats. Looks like he's can't propose selling material assets, can't attempt to gain additional board seats, can't attempt to remove existing board members, etc. I think our board saw him coming and put limits on his involvement to make sure he can't dismantle us the way he did TWA.
Of course, he may have some entirely new tactics up his sleeve, but it does look like he'll have enough influence to be a thorn in the ELT's side, but not enough to take control of anything.
https://www.sec.gov/Archives/edgar/d...entandnomi.htm
Just my interpretation, I could be way off.
Of course, he may have some entirely new tactics up his sleeve, but it does look like he'll have enough influence to be a thorn in the ELT's side, but not enough to take control of anything.
https://www.sec.gov/Archives/edgar/d...entandnomi.htm
Just my interpretation, I could be way off.
02-18-2024 | 07:24 AM
#214
Line Holder
Joined: Aug 2019
Posts: 369
Likes: 10
The merger wasn't denied because B6+NK would be too large, the merger was denied because the elimination of Spirit would be detrimental to NK's exisitng customer base, potentially pricing them out of air travel altogether. Spirit sells tickets so cheap that people who traditionally wouldn't be able to affort airline tickets can now afford to fly, and JB's plan was to eliminate those tickets, thus harming those customers.
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
02-18-2024 | 07:24 AM
#215
On Reserve
Joined: May 2017
Posts: 59
Likes: 0
The merger wasn't denied because B6+NK would be too large, the merger was denied because the elimination of Spirit would be detrimental to NK's exisitng customer base, potentially pricing them out of air travel altogether. Spirit sells tickets so cheap that people who traditionally wouldn't be able to affort airline tickets can now afford to fly, and JB's plan was to eliminate those tickets, thus harming those customers.
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
02-18-2024 | 07:31 AM
#216
On Reserve
Joined: Jul 2023
Posts: 181
Likes: 24
The merger wasn't denied because B6+NK would be too large, the merger was denied because the elimination of Spirit would be detrimental to NK's exisitng customer base, potentially pricing them out of air travel altogether. Spirit sells tickets so cheap that people who traditionally wouldn't be able to affort airline tickets can now afford to fly, and JB's plan was to eliminate those tickets, thus harming those customers.
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
Of course the counter-argument is that Frontier or another ULCC would fill the void left by the elimination of Spirit; but the current constraints on the supply of aircraft and pilots could hinder the growth of those carriers and leave the void unfilled for some time.
Just my interpretation.
02-18-2024 | 08:04 AM
#217
Line Holder
Joined: Nov 2015
Posts: 1,877
Likes: 199
02-18-2024 | 08:27 AM
#218
off weekends (if Reserve)
Joined: May 2023
Posts: 1,202
Likes: 120
There would definitely be less uncertainty at some other places. If I stay, it wouldn't be because of faith in Icahn persay, but rather faith that with Icahn "shaking the tree," current leadership and board will collabrate to put us on some track for success long term, that includes something other than more DR turns.
Why you are in the hot seat is: the opportunity to walk into a good opportunity at a legacy is open now but the shot clock is running and the digits are now pulsating. When it goes out it's OUT and now your career is in the hands of Geraghty and Icahn. Not a position I would want to be in.
02-18-2024 | 09:08 AM
#219
Line Holder
Joined: Oct 2016
Posts: 200
Likes: 59
I haven't read any books on him, is that what he does "Shake the stick" at management and spook them into profitability. He is labeled an "activist investor" whatever the hell that means. To me he seems like he will use the brand to make himself rich only to destroy the brand in the process, walk away and leave the ashes for the seniority based workgroups to clean up.
Why you are in the hot seat is: the opportunity to walk into a good opportunity at a legacy is open now but the shot clock is running and the digits are now pulsating. When it goes out it's OUT and now your career is in the hands of Geraghty and Icahn. Not a position I would want to be in.
Why you are in the hot seat is: the opportunity to walk into a good opportunity at a legacy is open now but the shot clock is running and the digits are now pulsating. When it goes out it's OUT and now your career is in the hands of Geraghty and Icahn. Not a position I would want to be in.
02-18-2024 | 05:55 PM
#220
Line Holder
Joined: Jan 2008
Posts: 556
Likes: 2
For anyone really worried about a TWA 2.0 scenario at JB, take a look at the restrictions that Icahn agreed to in order to get his two board seats. Looks like he's can't propose selling material assets, can't attempt to gain additional board seats, can't attempt to remove existing board members, etc. I think our board saw him coming and put limits on his involvement to make sure he can't dismantle us the way he did TWA.
Of course, he may have some entirely new tactics up his sleeve, but it does look like he'll have enough influence to be a thorn in the ELT's side, but not enough to take control of anything.
https://www.sec.gov/Archives/edgar/d...entandnomi.htm
Just my interpretation, I could be way off.
Of course, he may have some entirely new tactics up his sleeve, but it does look like he'll have enough influence to be a thorn in the ELT's side, but not enough to take control of anything.
https://www.sec.gov/Archives/edgar/d...entandnomi.htm
Just my interpretation, I could be way off.
They did a good job protecting the company against a TWA 2.0.
There’s some big money investors (Ichan and Soros) betting on upside. It may not be all doom and gloom, something is brewing, and if some very smart Wall Street types (regardless of your opinion on Ichan) are willing to invest $$ in B6, especially with the restrictions that are in the SEC filing, it’s just possible, remote as it may be, there may actually be some plan we (pilot arm chair CEOs) don’t know about.
Or, maybe not🤔
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