Blue horseshoe loves Bluestar Airliines
02-13-2024 | 08:16 AM
#41
Line Holder
Joined: Oct 2016
Posts: 516
Likes: 86
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.
02-13-2024 | 08:24 AM
#42
Gets Weekends Off
Joined: Jan 2024
Posts: 148
Likes: 0
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.
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.
bumpy roads lead to beautiful places.
02-13-2024 | 08:26 AM
#43
Gets Weekends Off
Joined: Jan 2024
Posts: 148
Likes: 0
his son has taken over. Carl I believe has emeritus status.
02-13-2024 | 08:28 AM
#44
Gets Weekends Off
Joined: Jan 2024
Posts: 148
Likes: 0
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.
02-13-2024 | 08:30 AM
#45
Gets Weekends Off
Joined: Jan 2024
Posts: 148
Likes: 0
you must be kidding or not paying attention. Didn’t you see that the very first thing we did was double down on culture? Keep up!
02-13-2024 | 09:07 AM
#46
On Reserve
Joined: May 2017
Posts: 59
Likes: 0
100%!! His character and motives aren’t in question. I wouldn’t expect him to invest hundreds of millions of dollars without wanting to make money. It’s how he makes that money that is at issue. This time around everyone’s eyes are open and he won’t be surprising anyone. At least we know not to believe anything that he says. He might destroy/breakup/pillage JetBlue, but at least unlike TWA we will see it coming. There’s really nothing else we can do at this point.
02-13-2024 | 09:12 AM
#47
I'm Blue
Joined: Aug 2020
Posts: 129
Likes: 0
100%!! His character and motives aren’t in question. I wouldn’t expect him to invest hundreds of millions of dollars without wanting to make money. It’s how he makes that money that is at issue. This time around everyone’s eyes are open and he won’t be surprising anyone. At least we know not to believe anything that he says. He might destroy/breakup/pillage JetBlue, but at least unlike TWA we will see it coming. There’s really nothing else we can do at this point.
02-13-2024 | 09:15 AM
#48
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Encourage all employees to hold on to all of their shares? Including the next CSPP.
Drop in the bucket, but at least it's something. And if he wants to pay dividends or drive up the share price, at least some of the employees will be holding the shares.
Drop in the bucket, but at least it's something. And if he wants to pay dividends or drive up the share price, at least some of the employees will be holding the shares.
02-13-2024 | 09:23 AM
#49
Line Holder
Joined: Dec 2008
Posts: 709
Likes: 6
From: 320 Captain
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.
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.
Icahn was better then the other option which was Lorenzo and Texas Air Corp. He was still an unknown as far as what he would do to the airline and thus the employees. A white knight so to speak.
02-13-2024 | 09:34 AM
#50
On Reserve
Joined: Mar 2016
Posts: 137
Likes: 2
More like a wolf in sheep’s clothing. Lorenzo OTOH was a bonafide bottle of poison.
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