This is the reason why NK folks should not believe B6 will just acquire NK and close the bases. While Covid was raping all of us, in several pocket sessions, ELT mentioned being so concentrated in the NE was one of our weakness (of course not in those words). They recognize the need to be more nationwide with their bases. It's stupid to suggest b6 will close all of NK bases (not sure about ACY of course, since we have EWR)

 

Maybe the fundamental difference between growth stocks and value stocks? What are the big 4’s plow back ratio, what dividend do shareholders expect vs money spent on projected growth. SAVE and ULCC shareholders forego dividends (profits) as they expect gains vis growth.

Gross revenues and net profit are not the only thing that drives stock prices, which is why stock can soar for companies that have exactly zero dollars in earnings.

My college finance courses were over two decades ago, but even I know you can’t use a single metric to evaluate the performance of two companies in different ends of a sector.

Here’s what I do remember: a company’s quick ratio is defined as (quick assets/current liabilities) and for NK as of last quarter that equates to 1.44 and this means if Spirit sold off everything it would have $1.44 to every $1.00 of payments owed.

The valuation was obviously much more in depth, but the share price of NK was around $22 when B6 stepped in, multiply that quick ratio by the share price and you get roughly $32 a share. This gives a rough back of the napkin idea of how B6 arrived at the offer they have put forth, and it has little to do with NK profits.

 

Quick ratio is only about short-term liquidity and doesn’t consider what would happen if Spirit “sold off everything” since it only includes near-cash assets. That sounds more like a price-to-book ratio.

 

God bless you spirit wing warriors.... I hope jet blue is everything you need. I'm to old to care , frontier was a different pla e when I sat through new hire training. As a senior cpt who once was TWA let me tell ya life in this here industry can plant your heart in the dirt. I hope it works out for all of you and you get to be at my point someday....I don't care what's coming I'm not gonna see it anyway ... Peace out at age 57 . Seem like enough 250000 hours is enogh

 

That’s an amazing amount of hours. I hope your retirement goes better than you expect it to. Cheers!

 

No kidding! Even if he started at 16, that's over 6,000 hours per year! Very impressive.

 

They must own the W-2 thread every year

 

Especially considering there are only about 8,700 hours in a year. Leaves little time for eating and sleeping.

 

Back in my day we flew 6000 hours a year .that's the way it was and we liked it ya

 

Pencil whipped the hell out of that logbook and owned it. 😂🤣