Blue horseshoe loves Bluestar Airliines
02-13-2024 | 09:40 AM
#52
Gets Weekends Off
Joined: Jan 2024
Posts: 148
Likes: 0
I understand, but for ALPA to put all of their weight behind an “unknown” doesn’t seem likely. The fact remains that the times are different. This isn’t the post regulation industry anymore, Airlines are now profitable businesses. Like another poster has said, 2 options.
02-13-2024 | 11:38 AM
#54
Line Holder
Joined: Jan 2008
Posts: 427
Likes: 27
From: A320 CA
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 | 12:10 PM
#55
On Reserve
Joined: May 2017
Posts: 59
Likes: 0
What does being a scab have anything to do with this conversation? No, a tiger doesn’t change its stripes, but what control do any of us have? I can control a scab on my jumpseat, this, not so much.
02-13-2024 | 01:43 PM
#56
Line Holder
Joined: Dec 2008
Posts: 709
Likes: 6
From: 320 Captain
I understand, but for ALPA to put all of their weight behind an “unknown” doesn’t seem likely. The fact remains that the times are different. This isn’t the post regulation industry anymore, Airlines are now profitable businesses. Like another poster has said, 2 options.
At the time Icahn was the lesser of two evils, as TWA had a merger agreement in place with Lorenzo and TAC. They took a chance that Icahn would be better vs the known if Lorenzo succeeded.
02-14-2024 | 05:54 PM
#59
Line Holder
Joined: Aug 2007
Posts: 1,049
Likes: 7
So how much did Soros just buy? The articles I've seen seem incorrect.
Edit: I think he bought 3 million shares (less than 1%), and a bunch of debt, is that right?
https://www.sec.gov/Archives/edgar/d.../infotable.xml
Edit: I think he bought 3 million shares (less than 1%), and a bunch of debt, is that right?
https://www.sec.gov/Archives/edgar/d.../infotable.xml
02-15-2024 | 01:05 AM
#60
On Reserve
Joined: Oct 2012
Posts: 84
Likes: 0
This is absolutely nothing like TWA, Icahn took TWA private so he was able to do anything he wanted with it, at 10% he can only nudge the BOD in certain directions and they can still tell him to go pound sand.
I keep hearing people talk about selling off assets, how in the love of God is that going to move the share price in any meaningful direction? Sell some slots; what 5% gain? Sell whatever assets, another 5% in the VERY short term if it does anything at all.
These people don’t get out of bed unless they can get 100%-400% returns relatively quickly. Carl Icahn, but most likely his son (Brett or something) have an idea, and it’s always something big. More than likely it’s an M&A or some sort of spin off play because that’s been their main MO for the last 30 years.
This is not all doom and gloom, a majority of companies that he invested in come out stronger in the end and are still around to this day.
I keep hearing people talk about selling off assets, how in the love of God is that going to move the share price in any meaningful direction? Sell some slots; what 5% gain? Sell whatever assets, another 5% in the VERY short term if it does anything at all.
These people don’t get out of bed unless they can get 100%-400% returns relatively quickly. Carl Icahn, but most likely his son (Brett or something) have an idea, and it’s always something big. More than likely it’s an M&A or some sort of spin off play because that’s been their main MO for the last 30 years.
This is not all doom and gloom, a majority of companies that he invested in come out stronger in the end and are still around to this day.
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