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RJET down by -50% today?
Republic stock RJET is down by as much as 50% today. That's a huge loss in just one day. What's happening over there?
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Just read an article. They scrapped their profit predictions because of a failure to keep up with staffing demands was what I took away from it
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All part of the RAH's play to get rid of the 1500 hour rule.
Don't underestimate the extent of the good reverend's craftiness. |
Does Republic have an ATP course like XJT, AWC, etc do now?
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I guess they rather have this than come up with a new contract. Makes sense. :rolleyes:
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Also I think their 2nd quarter earnings came out today
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"operational disruption caused by regulatory changes and further intensified by our ongoing pilot labor dispute"
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Watch for someone to try to make a move to buy RJET in the very near future. I don't think it will be successful, but I wouldn't be surprised.
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