KIGECA97531

At allegiant, our Airbi are capable of auto land, but we don't use it. We don't even do Cat II. By the way, we'll have about 110 Airbi and 1000 pilots by the end of 2020. Probably the least likely to get bought out though since we are massively overvalued. Spirit is practically a fire sale right now.

jamesholzhauer

Sure is a long grounding for "a perfectly safe plane that just needs a software update."

Not that he is an aviation authority, but I don't think Trump would silently let this grounding happen for this long if it was purely political. 1) he doesn't want Boeing to fail 2) he loves touting American greatness, and if this were a political move he'd be all over the twittersphere ripping other foreign aviation agencies who, purely out of political spite, were not approving the MAX despite it being safe and ready to be certified around the world 3) he has no problem publicly tweeting his support for/against companies and government agencies. If the FAA did something purely out of political pressure that hurt the US and one of our commercial/government giants (Boeing), he'd tweet @ the director and ridicule him. 4) the longer this grounding goes on, the worse it looks for Boeing, the FAA, and the US. Nobody wants that. If it were possible to certify it with what they've done so far, it would be done. They are far beyond grounding this for political reasons, and to suggest that is asinine.

nkbux

How exactly is spirit a fire sale????

itsmeguppy

He said Allegiant.


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Flyby1206

I completely agree with this sentiment but to play devil's advocate isn't SWA stock pretty hot lately as well? Transactions that big are all stock anyways. If the market and economy tank then SWA stock will surely tank along with the other airlines.

FNGFO

Probably a reference to the stock being undervalued in $38 range for some time in addition to the $1Bish in cash that comes with the purchase of a bunch of yellow jets.

140 Airbuses, slots, gates, pilots etc for $1.5-$2b ( after applying the cash on hand) is probably a good deal. A stock swap for $65 per share as the OP alleges maybe moved that number closer to $2.5-3B.

rightseat

I really don’t understand why everyone thinks SW needs to buy someone. They are having one of their best years ever, netting more profit than American with a ton less infrastructure, all while improving their operational benchmarks. Sure they would love to be grabbing more market share, and it is not in the company’s dna not to grow. It may not be in the best interest of pilots, but Gary is not desperate enough to overpay for an another airline at this point.

MudhammedCJ

Why would any of you dummies that work for trailways WANT a bunch of pilots brought in above you? That is the most stupidest possible thing to want in this business. The mostest!

at6d

I read in the WSJ that GE is getting hit hard as well. The MAX problem will impact the economy—I think it will be back next year.

SlipKid

Exactly.............