Do you expect them to say "We engaged in 8 years of economic warfare against our own employees and used the money to buy back stock at the ATH while putting any extra money anywhere we could except into the operation and now we are reaping the results of that?"

I always enjoy what Jamie Baker has to ask. Today he tried and they weren’t having it.

Well we weren’t on the bottom. And we weren’t stuck with Carl Icahn. Thanks Robin!

They will never allow one of the big 3 to buy or merge with anyone.

UNLESS an airline is in BK with legit threat of insolvency in which many people would be jobless in highly concentrated, politically active areas. It would have to be a "saviour" type transaction to get any approval.

Problem is, history shows that companies sell and leverage most of their assets until they final sheitze hits the fan so there is seldom left to "merge" with.

Definitely always coming to the table finding someone or something to blame for their lack of leadership. The headwinds in the Latin market are based on how we treat our customers down there. Delaying them to the next day or even cancelling with no rebooking options. Even till this day I’m getting tail swaps on perfectly good aircraft. Reason being to get another flight out which is already delayed, well now they just delayed an additional flight and every subsequent one thereafter. Then hammer us with on time performance is key?? They do it to themselves.

"Headwinds on revenue" = "We have been late more than half of our flights over the past 10 years and now word is out and people are choosing our competition."

Which is total BS. The past 2 years have been nothing but economic tailwinds for the airlines. Cheap oil, a robust economy that, despite chatter about a recesion, did nothing but grow. Record travel, record pax numbers, record high average airfares...

And, despite all that, we've lost billions. Frankly, I don't see how this airline isn't staring bankruptcy square in the face, with or without Carl.

For those in the CSPP, anyone think we're buying in a dip (is it next week)?

Probably correct about the Big 3, but maybe different scenario under new DOJ/Administration. Perhaps a more realistic tie-up w/B6 would be AS (HA) or even WN if they want to diversify their fleet types. AS (HA) and/or WN might entertain Airbus now due to Boeing issues/delays and to gain B6 east coast assets/real estate (NY, BOS, FL, SJU, Europe). Just an opinion... again, assuming a new DOJ.