Takeover? By who? WestJet or was that a typo?

Stock offering by a major for the acquisition I see
No cash

At 58 it will be a huge premium and the BOD of save will either say yes or no

I see it happening

For the love of all things holy don't let it be Southwest.

You have to have sources to be taken seriously.

If something like this happens, it better be a legacy (preferably not AA - unless we bring/keep our work rules and QOL) Their rules are atrocious.

doubt the DOT would allow LUV to buy another low cost carrier

Consolidation of Low cost has been a talk over the last 6 years
During the last recession the legacies consolidated

During this upcoming recession the low cost will consolidate

Watch it happening

Who and with who to be seen

Things happen very discreet due to regulations
No sources just talk at WS at the moment
SAVE has cash and the possibility is there
That’s all the talk for now

Not gonna happen. The Airbus can’t be dumbed down to SWA’s level :D

However....someone is buying Spirit. Of that I’m fairly confident.

It’s all speculation at this point. I understand the lower the share price the more of a chance a takeover/buyout could happen, but you imply like you know this for certain - even going as far as saying $58 a share. Do you spend time on WS on your 4 days off or something?

This certainly isn’t the first time in my career my carrier was getting bought. Funny how it never seems to happen.

No way this will get to $58 by October.


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All speculation
Even the 58 speculation
Today at 9am it was downgraded to 41 by a major analyst for the high side the next 12 months
58 was on the high side price predictions and that’s why I posted

Part time job? yes I do have besides flying
A job I have had before flying BTW
Lost my a—- sometimes and made money other times. Overall I am happy with my returns
Just a speculation on WS from colleagues that’s all
Have your merging committee ready and time will tell

BTW
Your carrier was formed in the 80s and became public 2010 I believe
Very new and the merging acquisitions stock swap is part of the business

Total cow pile. If anyone is acquiring us through a stock buyout, it is NOT a U.S. airline. Berkshire, maybe. Indigo, maybe. Other venture capital firms, maybe.
No U.S. airline has the balance sheet & capital on hand that could afford a straight up stock buyout of us, even WITH our $1 billion+ in the bank. Doesn’t add up. Unless they’re not buying a majority share, just plurality. I admit, I haven’t run the numbers on that.

Interesting thing I just realized while looking into this; we have one of the highest book values (per share) of any U.S. airline....

I love pilots who talk “stocks.”

It’s like being in the crew van from hell.

Takes a true narcissist for their cockpit superiority to flow over to day trading and market movers.

“Oh you bought XYZ at $20....wow....yet you can’t manage a buck for the van driver”

Nailed it!!!!!!!!!!!!!!!!!

My trading afforded me my first new BMW while making $38.50/hour.... Stick that in your pipe and smoke it. :p

I’m saying there is a difference from those who invest and those who tell everyone they invest, in what, and what they made/lost....yet most don’t discuss the losses

I’m glad you got your BMW, that would have made Jyri mad.
Oh, I hope it isn’t a 3 series. Haha. That’s just an expensive Accord.

Most don't discuss losses because they happen and we move on. If you dwell on losses, you're less likely to jump back into the market and put money in (simple financial psychology). We've all had losses, most of us learn from them and move on and make more.
It was a 3er but has since been replaced. Only so much a probie can afford after all....;)

SAVE market cap 2.5 billion
Not a lot for another player to make an offer with some premium on the stock that closed 37 dollars and change


Time will tell and nothing is impossible

Just saying and I hope it does not happen if that’s what you want.

BTW SAVE does not have a billion cash, don’t count the line of credit, that’s credit not their money
But money talks as they say and .......

Is there something I’m missing?? Honest question. This is from their most recent 10-Q (pages 16-17). Read the definition and look at the numbers on the next page.

As for the buyout; approximately 68 million shares divided by 2 is approximately 34 million shares times $58/share is just under $2 billion, but then we have $3.3+ billion in debt... Probably would have to buy more as I can’t see the institutional ownership shares. Which airline do you propose that’d want to pony up roughly $2 billion and take on $3+ billion in debt?

Alaska? Was that a trick question?

Hmmmm, I’ll admit I didn’t think of them.

Alaska showing $244mil in Cash/cash equiv. and 1.3B in securities. So around $1.6B in cash/securities against 1.5B in long term debt.

Spirit showing 1.1B in Cash/cash equiv.

Alaska would need to issue a bunch of stock to raise the capital to buy SAVE. How much in Alaska stock would the Spirit BOD want to see to make a deal happen? Hmmm

I think that was a Virgin reference.

Plane Coffee

Got it........(now)

2 billion is not a lot, how much net delta made last quarter or year today? Research it for something to do please
Delta returned in stock buyback 14 billion since 2013. That’s 14 with a B. The average buy back of their stock is under 45 dollars and their stock price is 57
Buy back cheap and reissue to pass on to SAVE stockholders Delta stock


Easy a stock swap acquisition
Delta makes that in 4 months and the debt is aircraft orders.
FYI the big 3 :
American has 34 billion in Debt
United 20 billion
Delta 17.6 billion

I use Delta as an example not that it will be Delta, could be another player.

737 max issues no aircraft available
United is getting 65 used aircraft to cover
That’s half of SAVEs fleet.
Aircraft , orders , pilots and elimination of the competition is the reason for transactions like this
Think about it
And again just speculation and for your sake I hope it does not happen but don’t believe is impossible



Swap one delta stock for one save stock is
57 x 68 mil = 3.87 billion
I would say that’s 67% premium rate of return for a save stock holder
That’s a good return brother

Alaska has a market cap of 7 billion
Spirit 2.7

But yes I think you point out VA numbers

Just because your stock price is down does not mean that a sale is happening.

But if it does, it'll be Berkshire.

They have massive cash on hand and Warren has been investing in airlines lately

Not lately
2 years ago on delta SWA and UAL only
Even though he said he will not invest in the past he did invest around 11 billion on the above 3
But who knows he may buy spirit , he does have net jets as well forgot that one

Still premium pay and the BOD will say yes or no


BTW they invest on banks heavily very lately

Owns AAL as well. Delta largest airline position. 71 million shares. ~$4 billion. Said it was a play on the sector at the time as opposed to a particular company.

nvm, sleeping dogs, trying to be funny.

Please keep the ogre of Omaha far away from us.


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There are some major benefits of being owned by Berkshire. The largest is that you're not beholden to investors on a 'what have you done for me in the last three months' cycle and can actually plan, invest, and operate with a long term outlook.

The three month cycle would be replaced by buffet constantly whispering to management, “where’s my money?”


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Have you ever worked for him?

For one of the companies he owned.


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Curious which work rules you’re talking about at AA? The big gripes are about reassignments. Unfortunately those are industry standard.

The 11 hour 3 day/17 hour 4 day problem was solved with average calendar day. The most a line holder could be scheduled to work now is 17 days, and that’s with a high PBS window.

Of course there is work to do on the work rule front but the “AA has no work rules” idea is mostly untrue.

Thankfully the contract is amendable Jan 1 2020 and negotiations are underway.

I'll assume you're talking about NetJets. Santulli was allowed to run his company hands off until he needed a $1 billion commercial note cosigned by Uncle Warren. Richard was a great guy but it was time for a change. Not that David or Harry Potter was the correct replacement though.

I don't know of a board of directors who don't prefer being owned by BH. There are few businesses that run on 120 day planning cycles much less transportation companies. Airlines are run on long term strategies buying assets with decades long depreciation schedules. Look what just happened to NK stock. A growing airline that is profitable and the stock tanks 24% because of the 'now' mentality of Wall Street. It's hard to plan long term when you have short term minded people to report to. Being owned by BH would allow our BOD to report directly to BH and to someone who understands the long term strategic decisions and investments required.

NJ’s is the king of the hill of the frac world in market share, service and compensation. And that wasn’t always the case.

If my two choices are BH or another regional retread I’ll take the former.

Buffet statement to the board
“ elephant size acquisition “
That is not SAVE for sure