Exactly 365 days later.... Reporting that I’m heading back where I started. Man, that was quite a day one year ago. Now, wish I kept a fing diary, looking forward to the job, looking forward to flying the line with you people. In Fresno.. California.. On reserve.. Forever....

Still here. Still alive. Still wouldn’t trade any of it.

Welcome back!

The end of the MOU 🥇 🥇🥇
PBS delivered

In other news I received an alert CC just sold 17,000 shares (around $1,000,000). That’s just over 10% of his total shares.

Sort of odd, maybe he’s just taking profit, we had multiple board members purchase shares no less than a month ago. Also Goldman Sachs just gave it a $70 price target a few days ago.

Should not surprise anyone....considering the restrictions the Government has put on airline executive's that have taken CARES money, probably needed to make up for some lost pay.

Good for him, the thing is at near all time highs and selling is part of his compensation package. Honestly the airlines are way ahead of themselves especially if their isn’t a 4th bailout. I mean look at MESA...a bunch of people who have no idea what type of airline are “investing” in.
A year ago when everyone panicked and SKYW dropped CC went in BIG with his own cash (not options). This isn’t an issue, IMO.

Directors and executives don’t get to sell stock when they want. They have to set up date 5-10 years in advance.. CC selling his stock has nothing to do with anything, other then 5 years ago he decided the was going to exercise his sells once every 4-5 years...

Respectfully I don’t think that is true, SEC rule 144 doesn’t state that and JO is selling and their company hasn’t been public for 5 years...but I’m out of my depth here. The board might have something saying something like options can be exercised in 5 years.

Directors generally have to give advance notice, but we're usually talking weeks or months, not years.

I have never heard of this rule, unless you’re referring to “IPO lock-up period”, which insiders have to wait 3-6 months to sell their positions.

A director or any affiliate is limited under short swing profit rules and volume controls when trading. Insider trading violations require that the trade is not based upon non public information.

Every trade made by an insider will become public, as I received an alert via E*TRADE, but other than short swing restrictions CC doesn’t have to wait years to sell.

When you say “exercise” you sounds like you’re referring to long term call options?