Originally Posted by
3inthegreen
For the 3rd Quarter
Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.
We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million
JetBlue had a one time expense of $112 million in regards to refleeting the 190s.
JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.
You don’t understand what is meant by niche. SWA has a very loyal customer base. It’s not because of the areas they serve. It’s the product they bring. B6 seems to be working to find what it will hang it’s hat on in the future.
I suspected there was some kind of one time payment that was made, but didn’t know what and said as much. Still, they have about the same cash reserves as NK and their stock is worth 1/3-1/4 as much.
They’re not about to fall to pieces or anything, but the answer you’d get by asking them what they want to be when they grow up would be helter skelter at the moment. Or, more succinctly, as the original poster suggested, rudderless.