Okay guys, what’s the plan?
03-08-2024 | 07:47 PM
#11
On Reserve
Joined: Nov 2022
Posts: 106
Likes: 39
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.
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.
Last edited by Flika; 03-08-2024 at 08:00 PM.
03-08-2024 | 07:51 PM
#12
On Reserve
Joined: Nov 2022
Posts: 106
Likes: 39
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.
Sorry for the lousy metaphor.
03-08-2024 | 08:09 PM
#13
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Joined: Jun 2006
Posts: 1,600
Likes: 33
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.
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.
03-09-2024 | 03:38 AM
#15
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Joined: Jun 2006
Posts: 1,600
Likes: 33
What will that accomplish? Did I say we won't file either 11 or 7? All I'm implying is it's not happening tomorrow and there is plenty of time to find a job. The places that are pausing at this time are for deliveries, not because "the music has stopped" though we may have peaked. Things never change over night nor will this. The big IF is can Ted dig it out.
03-09-2024 | 04:15 AM
#16
Bent over by buybacks
Joined: Feb 2017
Posts: 1,612
Likes: 639
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.
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.
Last edited by StoneQOLdCrazy; 03-09-2024 at 04:25 AM.
03-09-2024 | 04:46 AM
#17
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Joined: Jan 2024
Posts: 902
Likes: 158
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.
He said that losing the stock _they bought that day_ wouldn't hurt them. The purchases in question
- Rocky Wiggins, SVP and chief information officer, acquired 1,248 shares, spending USD7,188.48;
- Edward M. Christie, president and CEO, acquired 2,252 shares, spending USD12,971.52;
- Matthew Klein, EVP and CCO, acquired 3,277 shares, spending USD18,875.52;
- Scott Haralson, EVP and chief financial officer, acquired 1,011 shares, spending USD5,828.36;
- John A. Bendoraitis, EVP and chief operating officer, acquired 2,821 shares, spending USD13,138.56;
- Kevin Blake Vanier, VP finance and strategy, acquired 1,058 shares, spending USD6,094.08;
- Brian J. McMenamy, VP and chief accounting officer, acquired 131 shares, spending USD745.56; and
- Thomas C. Canfield, SVP general counsel and secretary, acquired 967 shares, spending USD5,569.92.
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.
03-09-2024 | 04:47 AM
#18
Line Holder
Joined: Jun 2006
Posts: 1,600
Likes: 33
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.
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.
03-09-2024 | 05:10 AM
#19
Line Holder
Joined: Jun 2006
Posts: 1,600
Likes: 33
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.
He said that losing the stock _they bought that day_ wouldn't hurt them. The purchases in question
- Rocky Wiggins, SVP and chief information officer, acquired 1,248 shares, spending USD7,188.48;
- Edward M. Christie, president and CEO, acquired 2,252 shares, spending USD12,971.52;
- Matthew Klein, EVP and CCO, acquired 3,277 shares, spending USD18,875.52;
- Scott Haralson, EVP and chief financial officer, acquired 1,011 shares, spending USD5,828.36;
- John A. Bendoraitis, EVP and chief operating officer, acquired 2,821 shares, spending USD13,138.56;
- Kevin Blake Vanier, VP finance and strategy, acquired 1,058 shares, spending USD6,094.08;
- Brian J. McMenamy, VP and chief accounting officer, acquired 131 shares, spending USD745.56; and
- Thomas C. Canfield, SVP general counsel and secretary, acquired 967 shares, spending USD5,569.92.
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.
03-09-2024 | 05:20 AM
#20
Line Holder
Joined: Dec 2022
Posts: 1,372
Likes: 141
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.
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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