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Ownership and Status
Does anyone have any information on programs that confer special status or reduced award/status levels on people who own shares in the company? In other words, if I own some USAir stock, can that get me preferred status or upgrades?
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Unless you owned a whole lot of shares, to the point that you could sway the share price, I highly doubt that you'd be able to get anything more that a stock certificate to hang on your wall.
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That would be too easy to exploit to get free status -- buy the required shares, then offset with a short.
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Ask Carl Icahn what it takes...he did it with TWA!
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IIRC, several foreign airlines offer(ed) special deals for their shareholders. SR and BA come to mind...
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This just wouldn't make financial sense for the airlines. I recall when I used to be a LUV shareholder that there was an attempted shareholder petition to institute something, ostensibly to allow one to come to the shareholders meeting, but it was defeated.
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A few companies do this. O'Charleys is a southeast-based casual dining restaurant that gives you a free dinner or something. Never heard of any travel companies doing it.
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