Originally Posted by
avi8orco
Wont be layoffs, it’ll be bankruptcy. They have a big payment in I think it’s month and half or so, give or take??? They don’t have the money for it and they know it.
I’ve been down this road, twice. It’s a very easy way to void and rewrite labor contracts by crying to the judge and having them shove it down our throat. The judges care very little about the labor force over the lien and shareholders
It’s true that JetBlue has a big payment coming up, about
$376 million due this year. But as of the last reports, they had approximately
$3.7–3.8 billion in cash, plus access to a $600 million credit line. So they appear to have more than enough liquidity to cover the payment.