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My 2 pennies:
In tough situtations I put myself in the situation of the descision makers. If i'm TC, I don't want to be the first major airline to furlough since COVID. He likely knows that is what he will be remembered for, so he will do whatever it takes to be a profitable, standalone airline. Will we become that? That remains to be seen. It will likley come down to the debt holders, if they're willing to renegotiate, and in my opinion, it's becoming more likely with the boeing/UAL/SWA struggles as of late. |
Originally Posted by Irishblackbird
(Post 3779347)
Well Ted and Co did a superficial stock purchase yesterday. Problem is that was their "tell". It was such a miniscule purchase that none of them would be hurt if we liquidate. It's a nervous bluff in my book, not any real confidence in the "supposed" plan. Or they would have been all in.
Sorry for the lousy metaphor. |
Originally Posted by Flika
(Post 3779365)
My 2 pennies:
In tough situtations I put myself in the situation of the descision makers. If i'm TC, I don't want to be the first airline to furlough since COVID. He likely knows that is what he will be remembered for, so he will do whatever it takes to be a profitable, standalone airline. Will we become that? That remains to be seen. It will likley come down to the debt holders, if they're willing to renegotiate, and in my opinion, it's becoming more likely with the boeing/UAL/SWA struggles as of late. |
You're nuts if you are not worried.
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Originally Posted by DrSteveBrule
(Post 3779370)
You're nuts if you are not worried.
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Originally Posted by putzin
(Post 3779399)
The big IF is can Ted dig it out.
The question is, why would he be able to "dig it out" now, when that boom is cooling (althought business travel seems to be trickling back) and there are much more significant issues to contend with? I don't think anyone except maybe jetblue wants spirit to declare BK and de-stabilize the industry. But the writing is on the wall, unfortunately. And as always, through no fault of the pilots. |
Originally Posted by Flika
(Post 3779366)
To say none of them would be hurt if we liquidate is nonsense..
He said that losing the stock _they bought that day_ wouldn't hurt them. The purchases in question
I got this from an article with the headline "c-levels-at-uss-spirit-airlines-go-on-stock-shopping-spree" It looks like a token investment ($70K between 8 execs) meant to generate rosy headlines. It doesn't shout confidence in a turnaround / buy the dip. |
Originally Posted by StoneQOLdCrazy
(Post 3779403)
Well, over the past copule of years, he hasn't been able to earn a profit it in the most robust and lucrative liesure air travel environment ever. And that was before the GTF issue.
The question is, why would he be able to "dig it out" now, when that boom is cooling (althought business travel seems to be trickling back) and there are much more significant issues to contend with? I don't think anyone except maybe jetblue wants spirit to declare BK and de-stabilize the industry. But the writing is on the wall, unfortunately. And as always, through no fault of the pilots. I'll leave it at this, BK isn't the end of the world. |
Originally Posted by VacancyBid
(Post 3779409)
It is nonsense and he didn't say that.
He said that losing the stock _they bought that day_ wouldn't hurt them. The purchases in question
I got this from an article with the headline "c-levels-at-uss-spirit-airlines-go-on-stock-shopping-spree" It looks like a token investment ($70K between 8 execs) meant to generate rosy headlines. It doesn't shout confidence in a turnaround / buy the dip. |
Originally Posted by Flika
(Post 3779365)
My 2 pennies:
In tough situtations I put myself in the situation of the descision makers. If i'm TC, I don't want to be the first major airline to furlough since COVID. He likely knows that is what he will be remembered for, so he will do whatever it takes to be a profitable, standalone airline. Will we become that? That remains to be seen. It will likley come down to the debt holders, if they're willing to renegotiate, and in my opinion, it's becoming more likely with the boeing/UAL/SWA struggles as of late. |
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