Perf Init, you need to brush up on your maths. A loss of 800% of value would be $224 per share. What you really mean is that they lost 89% of their value. Heaven help you if you were my FO doing the W/B and you came out with something like that!!
In large part, the drop in value of the shares are attributable to:
- Death of Mike Choudhry
- 9/11
- Parking aircraft, due to 9/11
- Loss of contracts, due to 9/11
- Inability to utilise the aircraft due for delivery, due to 9/11
- B744 too big for most markets, due to global recession
- Strike threats by crews.
Unless you're claiming that Ricky is really OBL, then the events of 9/11 are completely outside his control, as is the recession.
All that you guys are going to achieve is a whole load of GSS-type offshoots around the world, and no US crews operating them. People have been telling you this on here and elsewhere for years and you've been ignoring it.
Tough.