JetBlue bids for Spirit Airlines
05-09-2022, 11:06 AM
#781
Line holder
Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,295
While she was in charge of the department the FAs fall under there was a secret program where B6 would send emails to random passengers offering them $25 if they reported FAs looking at their phone or doing any other list of things. They sent one of the emails to a flight attendants family member who then copy pasted it to the whole group.
They did this during the FAs vote to bring a union on property (genius), and this event is widely seen as what pushed to yes vote over the top.
She also wanted the FAs to report any pilots not cleaning the plane directly to her, presumably to be disciplined. To my knowledge this hasn't happened and pilots almost universally don't clean.
Then they promoted Joanna and are grooming her for CEO.
If that is the JetBlue culture she wants to double down on I'm gonna go ahead and nope out on that.
They did this during the FAs vote to bring a union on property (genius), and this event is widely seen as what pushed to yes vote over the top.
She also wanted the FAs to report any pilots not cleaning the plane directly to her, presumably to be disciplined. To my knowledge this hasn't happened and pilots almost universally don't clean.
Then they promoted Joanna and are grooming her for CEO.
If that is the JetBlue culture she wants to double down on I'm gonna go ahead and nope out on that.
05-09-2022, 11:07 AM
#782
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,905
Frontier's offer for Spirit went down another 8% today...
05-09-2022, 11:08 AM
#783
Line holder
Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,295
05-09-2022, 11:13 AM
#784
Gets Weekends Off
Joined APC: Sep 2014
Position: fifi whisperer
Posts: 1,255
As I write this Spirit stock is $17.43.
I cannot believe any shareholder would turn down $33 per share given how much devaluation has occurred in Spirit since the offer has been presented.
I cannot believe any shareholder would turn down $33 per share given how much devaluation has occurred in Spirit since the offer has been presented.
05-09-2022, 11:42 AM
#785
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,905
05-09-2022, 11:43 AM
#786
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,905
Yep, I doubt very much that large institutional shareholders wouldn't take a "double" right now...
05-09-2022, 11:57 AM
#787
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
05-09-2022, 12:22 PM
#788
Gets Weekends Off
Joined APC: Feb 2022
Position: A320CA
Posts: 385
With the way the markets are melting down, that GS money to finance B6's bid may also get pulled.
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
05-09-2022, 12:33 PM
#789
Gets Weekends Off
Joined APC: Sep 2014
Position: fifi whisperer
Posts: 1,255
With the way the markets are melting down, that GS money to finance B6's bid may also get pulled.
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
05-09-2022, 12:37 PM
#790
Gets Weekends Off
Joined APC: Sep 2014
Position: fifi whisperer
Posts: 1,255
With the way the markets are melting down, that GS money to finance B6's bid may also get pulled.
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
We've got the Fed fighting high inflation (poorly - way late to the fire),
A federal govt that wants to spend more money, stoking more inflation,
The stock, bond, crypto markets melting down, and today commodities are taking a dump.
I remember watching this stagflation crap during the Carter years. It took a whole lot of pain to fix things. It's probably not the best time to pay a premium to acquire another airline.
“yesterday wasn’t all that good and tomorrow isn’t as bad as it seems.”
be a good long term investor. Make sure your asset allocation fits 80/20…. 70/30 etc depending on your age and risk tolerance.
it will all be okay, and the dollar cost averaging of your 401k will make you thankful there is a dip….. unless you are 65.
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