Originally Posted by
ndhapple
Why now?!? These guys apparently didn't have much a problem with $MI/J underperforming the industry massively for half a decade.
And "strategic alternatives" is usually Wall Street language for mergers and acquisitions, but with who? Delta, American and Southwest would have no interest. Virgin America, JetBlue and Alaska would all result in anti-trust lawsuits.
Exactly. This is just what the airline needs. /s
In addition to all the so-far positive changes, another team of short-term-profits-first for the hedge, claiming to make it better, but only in stock price for the hedge, jump in to armchair quarterback. Great.
Would be interesting to know when the stake was acquired. Post Smi/J or pre?