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Not back to the line - off to start a new healthcare venture. If our CEO's baby brother is half as effective with his new company as he was here...short the stock! I'm moving up the list one slot and most are moving up by two.
There is a purge of the upper floors in Forest Hills underway, but we don't know if it's just the BoD finally catching on to the lack of organization, the nepotism, or if it's signaling a pending "transactional event."
A solution, Bates said, might be for American to buy hundreds of 100- to 120-seat jets, eliminate its American Eagle subsidiary and take over the routes flown by 50-seaters. American could then hire the Eagle pilots. The per-seat cost would decline and passengers would be happier with the bigger planes, but not so happy with the reduced frequencies. "I'm hoping that's part of the plan going forward, although I haven't yet broached it with management," Bates said.