Spirit starts driving the final nails...

[Mike man]

They can sell copies of that poster of Jeff C pointing that says "I want you to save gas"

 

[Beetle007]

deleted

 

[CoATP]

• Market caps
• B6 704m
• UAL 456m
• LCC 200m
• AAI 156m

still not too bad for a $3 stock though? B6 is saving cash and not wanting to burn it so the above is doubtful...

The $3 stock means there are a lot of shares outstanding. Everybody else has a lower price or lower number of shares.

 

[troll565]

Countdown to strike...


We just asked to be released from mediation

 

[Beetle007]

Self help is a double edged sword.

After 30 days cooling off, it means that the pilot contract is null and void. The company can impose any working conditions and pay rates that they desire.

After 30 days cooling off, it means that the union has the option of going on strike.

It is a dangerous game of chicken during this recession. Once self help is approved, there is no turning back. The 30 day clock starts for our pilot contract to disappear. This is what happened to the mechanics at NWA pre-bankruptcy (in their case the company requested self help). A strike would mean that the furloughed pilots won't be able to collect unemployment or WIA funds (also happened to the NWA mechanics)

 

[Dizel8]

The $3 stock means there are a lot of shares outstanding. Everybody else has a lower price or lower number of shares.

Whethere there is 100M shares at a buck or one share at 100M, marketcap is still 100M.

If B6 reverse split to equal the number of shares at UAL what would the share price be and what would the market cap be? Well, market cap would not change and share price would go up!

I must be missing something, what are you trying to say?

 

[Bighorn]

Self help is a double edged sword.

After 30 days cooling off, it means that the pilot contract is null and void. The company can impose any working conditions and pay rates that they desire.

After 30 days cooling off, it means that the union has the option of going on strike.

It is a dangerous game of chicken during this recession. Once self help is approved, there is no turning back. The 30 day clock starts for our pilot contract to disappear. This is what happened to the mechanics at NWA pre-bankruptcy (in their case the company requested self help). A strike would mean that the furloughed pilots won't be able to collect unemployment or WIA funds (also happened to the NWA mechanics)

Scary Stuff. How fast does something like this traditionaly happen. Does it go before a judge and he rules in a week or is it months? If you don;t know thats cool I was just wondering.

 

[Mike man]

We just asked to be released from mediation

Source?

 

[Mike man]

Spirit Airlines had $79,090,000 of cash and short term investments at the end of last quarter.

Can't find financial info on bts.gov...can you provide the link?

 

[Bighorn]

Source?

3 newpapers and our union sent out a letter yesterday. I kind of believe this one.