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01-16-2024, 12:08 PM

#831

KNOTAPILOT

Gets Weekends Off

Joined APC: Apr 2018

Posts: 202

Quote:

Originally Posted by Gordon Axel

I believe it depends on when you purchased the shares. It would be reduced if you received the ratification dividend as well by how many monthly dividends you received.

No I meant. JetBlue the company. How much is the decision not working out in their favor going to cost them?

01-16-2024, 12:30 PM

#832

dera

In a land of unicorns

Joined APC: Apr 2014

Position: Whale FO

Posts: 6,601

Quote:

Originally Posted by KNOTAPILOT

How much is JetBlue paying as the breakup fee? Is that fee paid even due to the decision of the judge?

In this case, yes. It was agreed specifically for this reason. Originally Spirit board was against the JetBlue merger as they did not believe DOJ would approve it, and to mitigate that concern, JetBlue agreed to the breakup fee.

01-16-2024, 12:37 PM

#833

Bluedriver

The REAL Bluedriver

Joined APC: Sep 2011

Position: Airbus Capt

Posts: 6,920

But at least J's email gave me confidence in the path forward. At least we have that.

01-16-2024, 12:42 PM

#834

nene

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Joined APC: Nov 2020

Posts: 1,896

Quote:

Originally Posted by MainlineFlyer

This made me lol.

Guys, I'm starting to get the feeling our management team may not be as smart as we have been led to believe...

Oh well, at least we have a true entrepreneurial visionary at the helm now.

None of them (mgmt teams) are, most make educated guessses and are more affected by circumstances and events completely out of their control. Be ultra-conservative and leave $$$$Billions on the table when the market/conditions are good, take too many risks and look like bafoons when the plan explodes in your face. Most make a bet one way or the other and either get paid well to go to new job, and/or get paid well to leave. Either way mgmt team does alright, it's the employees tied to SL system left holding the bag.

01-16-2024, 01:08 PM

#835

Noisecanceller

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Joined APC: Dec 2022

Posts: 869

Quote:

Originally Posted by Bluedriver

But at least J's email gave me confidence in the path forward. At least we have that.

do tell for the spirit folk

01-16-2024, 01:11 PM

#836

SSlow

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Joined APC: Feb 2019

Position: baller, shot caller

Posts: 1,012

Quote:

Originally Posted by Bluedriver

But at least J's email gave me confidence in the path forward. At least we have that.

Nah y'all are screwed unfortunately.

Companies promoting CEOs from within is usually not a great plan, I mean just look at how that worked out for NK by promoting TC.

01-16-2024, 01:22 PM

#837

CatPilot1

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Joined APC: Jul 2023

Posts: 344

Quote:

Originally Posted by SSlow

Nah y'all are screwed unfortunately.

Companies promoting CEOs from within is usually not a great plan, I mean just look at how that worked out for NK by promoting TC.

I think Ted Christie is doing just fine. He’s getting hundreds of millions from JetBlue and back to merging with Frontier. Maybe the stockholders should’ve listened to him when he said a JetBlue merger wouldn’t be approved.

01-16-2024, 01:26 PM

#838

Roy Biggins

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Joined APC: Oct 2019

Posts: 1,002

Quote:

Originally Posted by SSlow

Nah y'all are screwed unfortunately.

Companies promoting CEOs from within is usually not a great plan, I mean just look at how that worked out for NK by promoting TC.

Yea, but have any of them tripled down on culture?? 🥳