Save stock down way more than competitors?
03-30-2020, 02:27 AM
#144
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Joined APC: Aug 2019
Posts: 1,066
Any idea why our stock is down WAY more than competing airlines? Obviously everyone is taking a huge hit for the coronavirus, but why is Spirit doing the worst? I personally felt we were in a somewhat decent position comparatively to weather this storm.
I admit, I'm not the most savvy when it comes to anything Wall St. related, but this is a bit concerning, is it not?
In the past month, this is how aviation stocks have fared:
SAVE down 66%
DAL - 35%
LUV - 29%
ALGT - 32%
JBLU - 48%
AAL - 52%
HA - 50%
UAL - 48%
ALK - 42%
I admit, I'm not the most savvy when it comes to anything Wall St. related, but this is a bit concerning, is it not?
In the past month, this is how aviation stocks have fared:
SAVE down 66%
DAL - 35%
LUV - 29%
ALGT - 32%
JBLU - 48%
AAL - 52%
HA - 50%
UAL - 48%
ALK - 42%
03-30-2020, 05:42 AM
#145
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Joined APC: Mar 2020
Posts: 26
03-30-2020, 06:19 AM
#146
Gets Weekends Off
Joined APC: Jan 2018
Posts: 1,796
03-30-2020, 06:26 AM
#147
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Joined APC: Mar 2020
Posts: 192
03-30-2020, 06:56 AM
#148
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Joined APC: Jan 2018
Posts: 1,796
That crossed my mind. We’re not in any position to purchase anyone else or a portion of anyone else. But there are investment groups positioned to do it, and I can think of at least one airline who can probably forgo the grants while keeping a predatory eye out for competitors and market share.
03-30-2020, 09:22 AM
#149
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Joined APC: Aug 2016
Position: Bus CA
Posts: 660
From what I have searched (the whole document), taking grant money or loans does NOT preclude airlines from mergers or acquisitions according to the Bill.
The timeline for our arranged marriage may have been pushed up. Only a handful of people know.
03-30-2020, 09:40 AM
#150
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Joined APC: Jan 2018
Posts: 1,796
I literally just did a word search on 883 page document. Nowhere in the Stimulus Bill does the word “merger” appear. “Acquisition” appears 11 times and it is only in reference to “the acquisition of warrants, stock options, common or preferred stock” of one’s own company.
From what I have searched (the whole document), taking grant money or loans does NOT preclude airlines from mergers or acquisitions according to the Bill.
The timeline for our arranged marriage may have been pushed up. Only a handful of people know.
From what I have searched (the whole document), taking grant money or loans does NOT preclude airlines from mergers or acquisitions according to the Bill.
The timeline for our arranged marriage may have been pushed up. Only a handful of people know.
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