Airline Pilot Central Forums - Okay guys, what’s the plan?

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- - Okay guys, what’s the plan? (https://www.airlinepilotforums.com/spirit/146596-okay-guys-whatis-plan.html)

Quote:

Originally Posted by StoneQOLdCrazy (Post 3779444)

Good grief. Do you not understand that he did not make a $13,000 investment in Spirit stock?

He paid $13,000 for a few hours of non-negative media coverage and an attempt to create a PR narrative, specifically within the employee ranks, to try to convince you all is well. Which you have bought hook, line and sinker.

Good grief! 🤣😂🤣😂🤣

Quote:

Originally Posted by StoneQOLdCrazy (Post 3779419)

When one player is permitted to shed debt from lenders/vendors, and artificially reset labor costs to below-market rates...and other players are not availed of those tools...that is quite destabilizing.

Any narrative silmilar to "BK won't be that bad" is wishful thinking at best, and cynical dissembling at worst.

Spirt and Frontier are all ready at the bottom of the labor rates pile and doesn't seem to be affecting a thing. I also never said BK isn't bad, I said it's not the end of the world.

Quote:

Originally Posted by born2flyav8r (Post 3779477)

good grief! 🤣😂🤣😂🤣

☝️☝️

.........

Quote:

Originally Posted by putzin (Post 3779413)

Offs, nobody, well except dumbass pilots, buys the dip on a company heading towards bankruptcy, especially C level execs! They didnt become multi-millionaires by being stupid. And I suppose you're subscribing to the theory Jblu spent 500 million on a merger they didn't think would happen so they could hurt a competitor that doesn't directly compete with them? You know because that's fiscally responsible. 🙄

I’d beg to differ. They became multi-millionaires by being lucky.

Quote:

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

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.

Again, if you think the c-suite can just buy stock the day or even week of bad press you are sadly mistaken, if they were bought, this trade was done well before the merger was terminated. If you are even a spirit employee you'll know TC has address this in the past, and you'll know most of them are compensated with stock, so we have no idea under what circumstances these shares were acquired. Not only that, If you do further research you'll see TC alone owns over 200,000 shares of spirit stock. Even to a millionare, a stock that was once worth 50+,going to 0 at 200,000 a pop is gonna hurt.

I'm not delusional, I understand the situation we are in, but at the same time a lot of the doom and gloom/conspiracy theories spread in the last few month are absolute non sense.

Quote:

Originally Posted by Flika (Post 3780180)

Executives are paid in stock for tax reasons; this is a scheduled payout. Idiotic click bait.