Wholeheartedly agree but at some point you have to stop spending money you have no chance of paying back. In ‘24, jetblue said ‘25 would break even. In ‘25, same thing for ‘26. Keep in mind their “plan” is for a perfect macro environment. That ship sailed long ago so ‘26 should not prove profitable. When does the investment community start to push back?
To your spirit point I’m as confused as you are. I got through a lot of that 200 page bankruptcy document and it appears to me the leases and very limited infrastructure are all they have.