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   Non-TechAirline Discussion Board


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From: Sam5/13/2022 1:45:50 PM
1 Recommendation   of 1763
 
United Airlines is the first major airline with a new pilot labor deal
May 13, 2022 10:13 AM ET

seekingalpha.com

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From: OldAIMGuy5/13/2022 2:26:59 PM
   of 1763
 
JETS up 3.3% on the day today.
MESA is up 6.3% (my only individual airline stock).

Best wishes,
OAG

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To: OldAIMGuy who wrote (1721)5/13/2022 8:52:03 PM
From: Selectric II
   of 1763
 
Yes, MESA up 6% today.

So, MESA, which I, too, own, is down only 51.6% ytd,; down 72.3% 1yr.

Are you buying?

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To: Selectric II who wrote (1722)5/13/2022 9:30:52 PM
From: OldAIMGuy
1 Recommendation   of 1763
 
Yes, I started my MESA position last August at $7.20. My latest buy was at $3.08 just recently. I now own 146% more shares than when I started. Painful as the continued drop as been, I'm still willing to keep it around for the long haul.

Short interest is around 5% of shares. Book value is around $13/share now. They need to get back in the black before it's going to turn around.

The price/share is down 62% from where I started but with lowering my average cost/share my overall position is down around 39% as of today's close. There's enough cash left in reserve for one more buy of substance.

Best wishes,
OAG Tom

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To: OldAIMGuy who wrote (1723)5/13/2022 10:05:22 PM
From: Selectric II
   of 1763
 
Thanks.

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From: Glenn Petersen5/16/2022 6:32:03 AM
2 Recommendations   of 1763
 
JetBlue launches hostile takeover bid for Spirit Airlines

PUBLISHED MON, MAY 16 20225:07 AM EDT
UPDATED 30 MIN AGO
Reuters via CNBC.com

KEY POINTS

-- JetBlue, which had earlier offered $33 per share, is locked in a takeover battle for Spirit with Frontier Group Holdings and has argued a deal will help better compete with the “Big Four” U.S. airlines that control nearly 80% of the passenger market.

-- In a letter to Spirit shareholders on Monday, JetBlue offered $30 per share and said it was ready to “negotiate in good faith a consensual transaction at $33, subject to receiving necessary diligence”.

-- JetBlue said on Monday it had filed a “Vote No” proxy statement urging Spirit shareholders to vote against the planned merger with Frontier, which has offered $21.66 in cash and stock for each share of the discount carrier.

JetBlue Airways on Monday commenced a hostile all-cash takeover bid for Spirit Airlines, days after the discount carrier rejected an offer from the larger rival.

JetBlue, which had earlier offered $33 per share, is locked in a takeover battle for Spirit with Frontier Group Holdings and has argued a deal will help better compete with the “Big Four” U.S. airlines that control nearly 80% of the passenger market.

In a letter to Spirit shareholders on Monday, JetBlue offered $30 per share and said it was ready to “negotiate in good faith a consensual transaction at $33, subject to receiving necessary diligence”.

Spirit rejected the earlier offer, saying it had a low likelihood of winning approval from regulators.

JetBlue said on Monday it had filed a “Vote No” proxy statement urging Spirit shareholders to vote against the planned merger with Frontier, which has offered $21.66 in cash and stock for each share of the discount carrier.

Shares of Spirit rose more than 19% to $20.28 in premarket trading.

Frontier and Spirit did not immediately respond to Reuters requests for comment.

Spirit is scheduled to hold a shareholder meeting on June 10 to vote on its proposed merger with Frontier.

JetBlue launches hostile takeover bid for Spirit Airlines (cnbc.com)

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From: OldAIMGuy5/20/2022 11:02:59 AM
   of 1763
 
Here's something I just found from May 18th:

seekingalpha.com

They're not particularly thrilled with current JETS prospects. Maybe it's not meant to be a "Buy and Hold" but a "Buy and Manage" investment.

Best wishes,
OAG Tom

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From: Sam5/26/2022 6:39:43 AM
1 Recommendation   of 1763
 
BRIEF-Southwest Airlines Co Provides Updated Guidance Regarding Selected Financial Trends
REUTERS 6:36 AM ET 5/26/2022

Symbol Last Price Change
42.45 0 (0%)
QUOTES AS OF 04:10:00 PM ET 05/25/2022


May 26 (Reuters) - Southwest Airlines Co(LUV):

* SOUTHWEST AIRLINES CO(LUV) - PROVIDING UPDATED GUIDANCE REGARDING SELECTED FINANCIAL TRENDS

* SOUTHWEST AIRLINES CO SEES Q2 OPERATING REVENUE COMPARED WITH 2019 (A) UP 12% TO 15%

* SOUTHWEST AIRLINES CO SEES Q2 ECONOMIC FUEL COSTS PER GALLON $3.30 TO $3.40

* SOUTHWEST AIRLINES CO SEES Q2 FUEL HEDGING CASH SETTLEMENT GAINS PER GALLON $0.65

* SOUTHWEST AIRLINES CO(LUV) - CONTINUES TO EXPERIENCE STRONG LOAD FACTORS AND AN ACCELERATION IN BOOKINGS FOR SUMMER TRAVEL

* SOUTHWEST AIRLINES(LUV) - BARRING ANY UNFORESEEN EVENTS AND BASED ON CURRENT TRENDS, EXPECTS SOLID PROFITS,OPERATING MARGINS, EXCLUDING SPECIAL ITEMS, IN Q2

* SOUTHWEST AIRLINES(LUV)- BARRING UNFORESEEN EVENTS, BASED ON CURRENT TRENDS, SEES SOLID PROFITS, OPERATING MARGINS, EXCLUDING SPECIAL ITEMS, FOR REMAINDER OF YEAR Source: [ID: bit.ly] Further company coverage:

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From: TimF5/28/2022 9:21:28 PM
2 Recommendations   of 1763
 
WHY don't we upload BLACK BOXES to the cloud?

youtube.com

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From: Sam6/15/2022 6:14:08 AM
1 Recommendation   of 1763
 
The Delta Airport Lounge Puts Passengers on the Clock -- WSJ






Dow Jones Newswires June 15, 2022 05:30:00 AM ET

By Dawn Gilbertson | Photographs by Lauren Justice for The Wall Street Journal

LOS ANGELES -- Delta Air Lines has a new message for travelers used to logging several hours on their laptops at its airport clubs: Don't overstay your welcome.

"We're not a WeWork," says Claude Roussel, managing director of Delta Sky Club.

Delta this month became the first U.S. carrier to clamp down on camping out in airport lounges, those havens of free food and drinks, Wi-Fi, abundant power outlets, cozy nooks and sometimes showers.

Under the new policy, eligible fliers get lounge access three hours before departure, and not a minute more. (Those on layovers or experiencing delays are exempt from the policy.) Not all travelers need that much club time, but losing the option is yet another thin slice of service they've had and lost, at a time when some airports are urging travelers to arrive at least three hours before their flight even for domestic departures.

I found out how strict the rules are at Los Angeles International Airport on Saturday morning. When I nestled my phone under the kiosk scanner at the entrance to Delta's new Sky Club lounge in Terminal 3, the screen flashed caution- tape yellow and directed me to an ambassador.

"What time is your flight?" she asked.

It was 9:23 a.m. My flight was at 12:25 p.m. Try again in two minutes, she said.

Two of the four clubs I visited over the weekend used kiosk timestamps to flag early birds. One that didn't: Seattle-Tacoma International Airport, where the agent who scanned my boarding pass at the desk welcomed me in although it was more than 15 minutes early. Delta says it is rolling out the kiosks to all Sky Clubs.

The policy change was needed to manage larger crowds while maintaining service levels and ambience as travel roars back, says Mr. Roussel, who oversees Delta's 54 lounges. Lounge access isn't cheap. Travelers gain entrance with a membership that costs between $545 and $845 annually. They also can get in by signing up for credit cards with high annual fees, buying pricey tickets in premium cabins or reaching the top tiers of the frequent-flier program.

Mr. Roussel says Delta already can see the effects of the change across its network of lounges, which reopened by last summer following pandemic shutdowns.

"In the scale of what we have, you're not going to notice 200 guests less in a specific lounge," he says. "But you might notice that when at 4 p.m. on a Thursday your club was at 90% capacity it is now at 80%."

He says the clubs were designed to handle waves of passengers making a pit stop before their flight. Yet Delta was seeing more travelers arrive as soon as they checked out of their hotel to eat and work until their flight later, especially in the era of remote or hybrid work.

In addition to the three-hour rule, Delta planned to eliminate post-flight lounge access but swiftly reversed course after passenger backlash. Mr. Roussel says the airline thought both changes would have the least impact on guests. A few years ago, Delta stopped selling day passes to its clubs to reduce crowds.

Mr. Roussel calls three hours a "very generous amount of time" to spend in the club.

Jack Armstrong is a 25-year-old commercial drone pilot who lives in Los Angeles and has elite status in Delta's frequent-flier program. He says travelers with Sky Club access don't really get three hours in the lounge under the new policy because Delta boarding starts about 40 minutes before departure.

Mr. Armstrong was annoyed when he was temporarily turned away from the LAX club last week after arriving more than 3 1/2 hours before his flight thanks to a ride from a friend with an earlier flight. The rule tripped him up again on Saturday, when he had to wait to access the Sky Club lounge in Salt Lake City.

Mr. Armstrong posted a negative review on Yelp and filed an online complaint with Delta calling the three-hour rule "silly" and urging more flexibility or a reversal of the policy. (Such complaints often take a month or more to process. A Delta spokesman says the airline listens to all customer feedback.)

"Gyms don't say, 'You came too many times this month. You can't come in until you wait a few days,'" he wrote to Delta. "Same principle with an airport lounge, especially if you buy flights frequently on Delta and want to have a space to relax."

Mr. Roussel says Delta modeled the three-hour rule on a similar policy change at American Express lounges in 2019. Delta and American Express are close partners, with the "vast majority" of visits to Sky Club lounges by people with an American Express card, he says.

The credit card company's Centurion Lounges restrict access to three hours before a flight and don't allow post- flight visits except for connecting passengers. Crowds remain a problem, travelers say. More than a dozen fliers waited to get into a full Centurion Lounge in Seattle Sunday morning.

In February, Centurion Lounges will start charging most travelers for guest passes, including American Express Platinum card members, the key visitors to the lounges, who get two free passes now. An American Express spokeswoman says how full its lounges are can vary based on factors including time of day, cancellations and delays, and that when there is a wait to get into a Centurion Lounge, it is typically between 10 and 15 minutes.

American, United and Alaska haven't followed Delta's move. Representatives for each airline say travelers with same-day boarding passes can enter their lounge any time before or after their flight.

"It's always difficult to go first, because when you go first you typically get all the criticism," Mr. Roussel says. "But you also get a lot of the benefits."

Minneapolis attorney Tom Pack travels twice a month for work and has platinum medallion status on Delta. He says Delta and other lounge operators have contributed to the linger-longer problem by making the lounges more luxe in a never-ending race for passenger loyalty.

Exhibit A: the 30,000 square-foot-plus LAX Sky Club, which became Delta's largest when it opened in April. The club buffets include dishes from Michelin-starred chef Akira Back. There are phone booths for privacy on those Zoom calls and a sprawling outdoor deck with hotel rooftop vibes, minus the pricey beverage bill.

Mr. Pack can recall when lounges weren't swank, less than a decade ago.

"The lounge was quiet and you could get a drink, but that was about it," he said while sipping Champagne from the deck before his Saturday flight home.

Mr. Pack rarely gets to the airport early. He arrived at the LAX Sky Club about 75 minutes before his flight Saturday.

"Who gets to the airport more than three hours before their flight?" he says. "Particularly the type of people that have lounge access. Those are the people who have TSA PreCheck, who have CLEAR. And they're seasoned travelers."

Write to Dawn Gilbertson at dawn.gilbertson@wsj.com

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