Originally Posted by
seekingblue
Clearly, everyone is for sale for the right price. Its just bothersome that they can't be open and honest with us. Sort of like how we are all about "organic growth" when we were trying to buy virgin
Our market cap is 5.242B. Not a bad deal for 240ish airplanes, 3600 pilots, and great real estate in JFK, FLL, MCO, and BOS
Isn't the cost of the JFK expansion supposed to be about 1/2 of our market cap?
According to this article it's $2-3B for the expansion.
https://thepointsguy.com/news/jetblue-closer-to-expansion-at-jfk/
So maybe more than half our market cap.
I didn't realize how expensive it was going to be. This doesn't bode well for expanding the fleet size. We will be leveraged up to the hilt.
If we had held cash instead of buying back $1B of stock at $22/share maybe it wouldn't require as much financing.
Maybe we can use the steady stream of profits from our tech ventures to pay for it.
