Originally Posted by
NineGturn
A little off topic and I appreciate the optimism but I always wondered how JSX was able to operate. It seems they are burning through investor dollars. The business model has been tried before and has never ever succeeded in the long term. If you do the math on the ticket prices and sales it simply doesn't work. If they pull through this current downturn in business and eventually become profitable it will be the first time this business model has ever actually worked.
Last I heard they are 50 to 100 million in the hole.
Again I think you’re mixing up JetSuite with JSX. I believe I read that JetSuite was in the hole for some crazy amount and was not making money that’s why they filed BK right away. JSX has been profitable in all the routes, except the ones launched recently for obvious reasons. Hence the rapid growth, investments, and additional planes that were coming.