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Great Lakes Stock Tumbling

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crash312

Well-known member
Joined
Jun 11, 2004
Posts
88
Is Great Lakes about to go TU? Stock is down 35% today, can't find any bad news (at least recent) or big dumps by executives to warrant that big of a loss.

Something going on over there...has the fat lady sung?

I know they were ripping out seats to get around certain regs but I thought that happened a while ago.

Not wishing anything bad just wondering
 
Well uh, I can take an educated guess..

Can't recruit pilots due to shortage. Have to remove 10 seats out of every plane to get around the two pilot minimum.

Only having 9 seats = much less $$$ generated. Not sure how much cargo revenue they can replace it with but really, how long can a scheduled carrier survive with only 9 seats planes?
 

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