feasible for the employees to take control?
09-10-2024 | 06:24 PM
#11
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
jeeze what did I do? Don't worry about me I’m not stupid enough to want to buy a company that about to go bust. I’ll leave that for you.
09-10-2024 | 07:30 PM
#12
Gets Weekends Off
Joined: Jun 2007
Posts: 3,066
Likes: 61
From: 767/757 CA
I know it's bad advice to owe airline stocks when you're an airline pilot, eggs in one basket and all, but at what point would it make sense to take control of the company through buying the stock? At the current stock price it would cost each pilot $37000 to have 51% of the common stock.
09-10-2024 | 08:14 PM
#13
Thread Starter
On Reserve
Joined: Jan 2018
Posts: 171
Likes: 3
No one wouldn't be able to buy up 51% at once at the current price, but a very large group of people over time could buy it up. It looks like about three percent of the shares are trading daily so it could take a couple of weeks to do so. I'm on the outside looking in. I've just done napkin math looking between airlines and total pilots and places like United, Delta, Southwest and even frontier, the cost per pilot to by the company one could buy a house, but 37k is as pointed out a nice miata. How much money would a Spirit captain spend on union dues over a decade in comparison? Probably naivety on my part.
09-11-2024 | 03:57 PM
#18
Gets Weekends Off
Joined: Nov 2020
Posts: 2,248
Likes: 103
Google the United ESOP program for multitudes of info.
Heres a primer: https://plugin24.tripod.com/esop.html
Heres a primer: https://plugin24.tripod.com/esop.html
09-12-2024 | 12:52 AM
#19
Line Holder
Joined: Sep 2020
Posts: 1,591
Likes: 373
I know it's bad advice to owe airline stocks when you're an airline pilot, eggs in one basket and all, but at what point would it make sense to take control of the company through buying the stock? At the current stock price it would cost each pilot $37000 to have 51% of the common stock.
Maybe some wallstbets group on Reddit would step in to crush the shorts and start buying shares? That would be interesting. Could turn it into a meme stock like Gamestop or AMC.
09-12-2024 | 07:12 AM
#20
New Hire
Joined: Sep 2024
Posts: 1
Likes: 0
From: Master and Commander of all
Shall we name it "Emu International Air Lines"?
https://en.m.wikipedia.org/wiki/Kiwi_International_Air_Lines
https://en.m.wikipedia.org/wiki/Kiwi_International_Air_Lines
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