And then a codeshare agreement with spirit pax flying in frontier planes. SCOPE!!!!!!!!

 

So when he sold his house over 10 months ago he saw the meltdown coming and told the board we were going to continue to grow before it happened?

Why doesn't everyone calm down. Rumors are just that and until something happens, which you will have no control over anyway, why not just relax. This is nothing new here. If you've been here 2 years or more you see the turn over we have. CEO's, COO's, numerous DO's, CP's, Director's of Training, and the list goes on.

I can't wait for something to happen in 2-3 years and someone on here will stand up and yell "I told you so!"

 

So.... are we still getting 330s or not?

 

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

What he said! Typical management playbook. They will drag this contract out as long as they can until they can codeshare or buy Frontier. Maybe even create a holding company for the two companies and operate them separately while they whipsaw the two groups against one another. I wouldn't put anything past them.
I thought the 319's were going away this year? Wouldn't that be a reduction of aircraft with only 13 new aircraft scheduled to be delivered?
Ben had been out pumping this place the last few months. Doing interviews and appearing on Mad Money trying to stop the slide in the valuations of SAVE. Just from my personal observations, Ben was steadfast in organic growth. The board may have disagreed with this and after the pumbling Spirit has taken from the legacies, maybe the board decided to go in a different direction. It would be interesting to know how many of the sitting board members where here when Indigo was in charge. Also, do any sit on Frontier's board also?

 

Yes, but only if you agree to fly them at current 320 rates. Same type rating and all....

 

Does anyone know if our scope prevents that?

 

Sec.1.B.4

Sec.1.D


How can be competently negotiate a contract if we don't know what we have currently.

 

The fleet plan is on the IR site, under "fleet plan". Three, 319s, go away this year under the current plan.

 

Dec 2014 to Nov 2015 the stock went 80ish down to mid 30ish. Wipe out more than half the wealth of the company and you don't think that's a just cause for a forced change up top? It's only surprising that heads didn't roll sooner. I wrote about it in Oct and luckily didn't do too bad on the stock:

 

Wealth of the company and market capitalization are two different things, BUT my guess is this is exactly why Baldanza was sacked. As I look at everything that has been written, my belief is the BOD released him not because of his personal performance, the company is outperforming its own outlook. The issue becomes the Street's analysis and lack of confidence in Baldanza's ability to raise the value of the company, especially in response to increased price pressure in the current environment.

One thing to remember is, it wasn't Baldanza's performance or the performance of the company that caused the drop in share price, it was the adjustment to future margins forecast, both RASM and PRASM forecasts due to increased capacity (caused by growth, something analysts just couldn't wrap their head around when they compared growth and increased capacity to established airlines) and the announced response by American Airlines to compete for leisure travelers.

All of that is evident by the rebound the stock did immediately upon the news of a change in CEO. I think further increase in the share price will be due to M&A speculation.