Originally Posted by
Bluedriver
That article, as it relates to JetBlue, is quite inaccurate. Dramatically so.
As mentioned, it doesn't include the newly acquired $1 billion in liquid cash. But possibly most striking, is that it values JB's 1/3 of its fleet which is unencumbered, as well as JB's extraordinarily valuable slot portfolio, at only $200 million.
That's off by magnitudes.
And, the analysis was done before JetBlue announced 40% capacity cuts from April into the summer, among other changes.
JB went into this with the second best balance sheet of publicly traded US airlines. That is still true, and as you know, government assistance will be coming.
Even without government assistance, JB has at least 200+ days of operating cash using normal assumptions.
Honestly wishing the best for us all, including every Frontier pilot.
Imagine that, your company decided to sit on their cash instead of using it on stock buybacks. Brilliant.