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ARL120384 02-13-2024 06:22 AM


Originally Posted by AYLflyer (Post 3768260)
It's getting real hard after all the bad news.

Unprofitable, shrinking/pullback, merger denied, and now this. I try to be glass half full but honestly, I'm at the point where I'm updating the logbook (gonna take a while). I have decent seniority here and want to work here, but reading and hearing stories about him and TWA are terrifying. This is just another place he can get money out of and then move on, leaving us broke or jobless. In this case, I'm not willing to "take a breath" while people like him swoop in.

Theres 2 options. Go elsewhere, or buckle up. No sense in getting all worked up. I'm trying not to anyways.....

The company seems to making the right decisions for our recovery, so I hate to see all that tainted by some old, self serving hack thats going to die in the next few years.

gottagetout 02-13-2024 06:43 AM


Originally Posted by Chimpy (Post 3768217)
maybe more incentive for JBs BOD to want the NK Merger? I’m sure his wants and needs arent in alignment with Your New CEOs?

The BOD doesn’t have control on whether the appeals court overturns the ruling. I agree his wants are not beneficial to the company.

gottagetout 02-13-2024 06:51 AM


Originally Posted by AYLflyer (Post 3768260)
It's getting real hard after all the bad news.

Unprofitable, shrinking/pullback, merger denied, and now this. I try to be glass half full but honestly, I'm at the point where I'm updating the logbook (gonna take a while). I have decent seniority here and want to work here, but reading and hearing stories about him and TWA are terrifying. This is just another place he can get money out of and then move on, leaving us broke or jobless. In this case, I'm not willing to "take a breath" while people like him swoop in.

I’m in the same boat. When was the last time anything good happened here? The fox is in the hen house. We have unencumbered assets he might pressure management to sell off to return value to shareholders once and for all. That will probably be the beginning of the end. Just my .02.

gottagetout 02-13-2024 06:54 AM


Originally Posted by ARL120384 (Post 3768263)
Theres 2 options. Go elsewhere, or buckle up. No sense in getting all worked up. I'm trying not to anyways.....

The company seems to making the right decisions for our recovery, so I hate to see all that tainted by some old, self serving hack thats going to die in the next few years.

What exactly are the right decisions the company is making? They haven’t specified any kind of plan b other than saying we must return to profitability.

NKSpilot 02-13-2024 06:57 AM

Reminds me of this at NK during Covid

Spirit Airlines adopts 'poison pill,' to be exercisable if an investor acquires 10% of the shares outstanding

https://www.marketwatch.com/story/sp...ing-2020-03-30

DrSmacFum 02-13-2024 07:06 AM

How much power will one voice on a board of several have (if hes even given a seat at the table)?



At 87 years old, is Icahn actually running the show of "icahn enterprises" or is he just the face at this point?

Excuse my naivety

ARL120384 02-13-2024 07:14 AM


Originally Posted by gottagetout (Post 3768284)
What exactly are the right decisions the company is making? They haven’t specified any kind of plan b other than saying we must return to profitability.

I think the leadership appoiontments are a step in the right direction.

PSU Flyer 02-13-2024 07:52 AM


Originally Posted by Wasntme (Post 3768256)
I don’t think so, it was more of a,”hey look, someone else agrees”.

The bottom line is Ichan sees value in JB, even if he gets a board seat it doesn’t mean he will sell it off but by bit. He don’t do it with eBay, he didn’t do it with Tropicana Casinos and he’s not doing it with the companies he currently has board seats and controlling interest in.

TWA was a mess, and TWA ALPA brought Icahn in! these are not the same times or the same situations.

https://www.chicagotribune.com/1985/...rd-with-icahn/


Maybe everyone take a breath. Including me.

I hope you’re right. It’s tough to take a breath with so much on the line. I don’t know anything about the companies you quoted above, but isn’t the Tropicana in Vegas being torn down next year? I’m sure the senior hotel managers, dealers, etc aren’t excited to go sell beer in the stands at the new ballpark. Sometimes what’s good for some people is bad for others. Hopefully this is just much ado about nothing.

aewanabe 02-13-2024 07:52 AM


Originally Posted by ARL120384 (Post 3768297)
I think the leadership appoiontments are a step in the right direction.

Agree. Marty St George was especially encouraging.

Mikeer50 02-13-2024 08:05 AM


Originally Posted by aewanabe (Post 3768311)
Agree. Marty St George was especially encouraging.

I think everyone’s reaction is based on a HUGE amount of emotion at this point. Yes, this could be a disaster for JetBlue, but it’s way too early to know. Looking back at what happened to TWA almost 40 years ago isn’t completely fair. The companies themselves are different, the economic environment is different, the political environment is different, and the laws are different. The only thing that is exactly the same is that TWA and JetBlue are both airlines (hence the emotion). The fact that TWA happened should open everyone’s eyes to the possibilities. I think over the next few months, when the emotion cools off and people find their heads we will learn more. Definitely NOT the news I wanted to see, but nothing we can do about it right now.


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