Jet blue wants us now
05-19-2022 | 05:58 AM
#651
On Reserve
Joined: Feb 2019
Posts: 144
Likes: 6
We wait until the vote on June 10th... until then, we will see about 50 more pages on many different threads of all the "experts" bickering back n forth on who is right or its their way or the highway. Its always fun coming on here for the laughs though. I have my popcorn ready, ill skip the funny movies as this will be just as entertaining. LOL
05-19-2022 | 06:03 AM
#652
Line Holder
Joined: May 2015
Posts: 490
Likes: 41
All depends how the vote comes out. My assumption is if the shareholders vote in favor of F9 then it’ll more or less be settled. The board would have spoken and then the shareholders would have spoken. Not sure what avenue JetBlue would have to go down .. perhaps lawsuits and attempt for some sort of injunction to keep the F9 deal from happening? Who knows but I’m assuming in this scenario the winner is F9 and that regulatory process continues. If shareholders vote the other way then B6 it is. But that regulatory process and completion sounds much lengthier and messier.
I think this is just the boards somewhat firm response to the constant drip, drip, drip of JetBlues rhetoric
I think this is just the boards somewhat firm response to the constant drip, drip, drip of JetBlues rhetoric
05-19-2022 | 06:46 AM
#654
On Reserve
Joined: Apr 2022
Posts: 190
Likes: 46
ahh what the hell, i'll take a stab at it.
Spirit makes some good points, especially this one:
but then they imply that the market is going to recover any minute now:
Well, which is it Ted?
And were all on here talking about it because there's nothing else we can do. Even if I wanted to "go somewhere else" there's a 50/50 chance i get furloughed in the next two years with the way the economy is heading.
Spirit makes some good points, especially this one:
The Offer excuses JetBlue from consummating the transaction if there is any decline in either the Dow Jones, the S&P 500 or the NASDAQ-100 Index by an amount in excess of 10%, measured from the close of business on May 13, 2022, prior to receipt of regulatory approval, which could take up to two years.
Since JetBlue first submitted its proposal to acquire Spirit on March 29, 2022, the Dow Jones is down 10.8%, the S&P 500 is down 15.3% and the NASDAQ-100 is down 21.7%.
Since JetBlue first submitted its proposal to acquire Spirit on March 29, 2022, the Dow Jones is down 10.8%, the S&P 500 is down 15.3% and the NASDAQ-100 is down 21.7%.
but then they imply that the market is going to recover any minute now:
JetBlue's Offer comes at a time when airline stocks are trading significantly below their pre-pandemic levels. The airline industry recovering to pre-pandemic levels would alone deliver Spirit shareholders value well in excess of JetBlue's offer.
JetBlue is asking Spirit shareholders to submit to a cap on their value at $30/share, and be forced to wait for up to two years to receive their cash, while the rest of the industry's shareholders get to participate in a full post-pandemic recovery.
JetBlue is asking Spirit shareholders to submit to a cap on their value at $30/share, and be forced to wait for up to two years to receive their cash, while the rest of the industry's shareholders get to participate in a full post-pandemic recovery.
And were all on here talking about it because there's nothing else we can do. Even if I wanted to "go somewhere else" there's a 50/50 chance i get furloughed in the next two years with the way the economy is heading.
05-19-2022 | 06:54 AM
#655
Gets Weekends Off
Joined: Apr 2020
Posts: 342
Likes: 0
All of the "this won't pass the regulatory commission" garbage you can just throw right out the window.
05-19-2022 | 07:05 AM
#656
Line Holder
Joined: May 2015
Posts: 490
Likes: 41
ahh what the hell, i'll take a stab at it.
Spirit makes some good points, especially this one:
but then they imply that the market is going to recover any minute now:
Well, which is it Ted?
And were all on here talking about it because there's nothing else we can do. Even if I wanted to "go somewhere else" there's a 50/50 chance i get furloughed in the next two years with the way the economy is heading.
Spirit makes some good points, especially this one:
but then they imply that the market is going to recover any minute now:
Well, which is it Ted?
And were all on here talking about it because there's nothing else we can do. Even if I wanted to "go somewhere else" there's a 50/50 chance i get furloughed in the next two years with the way the economy is heading.
05-19-2022 | 07:32 AM
#657
Line Holder
Joined: Apr 2022
Posts: 91
Likes: 0
From: A320 captain
Anybody else remember Fornaro claiming there would be no increase in labor costs on an earnings call?
…and the ensuing scheduling meltdown?
…and the ensuing scheduling meltdown?
05-19-2022 | 08:36 AM
#659
Line Holder
Joined: Apr 2022
Posts: 91
Likes: 0
From: A320 captain
From the MEC update…
“…which did not contemplate any wage increases for team members, including pilots, at a time of high attrition and an anticipated shortage of pilots.”
Ted was CFO back in the low tier days. I think it’s pretty bold of him to pull a Fornaro with what’s going on right now.
“…which did not contemplate any wage increases for team members, including pilots, at a time of high attrition and an anticipated shortage of pilots.”
Ted was CFO back in the low tier days. I think it’s pretty bold of him to pull a Fornaro with what’s going on right now.
Thread
Thread Starter
Forum
Replies
Last Post
