Originally Posted by
benzoate
jetblue borrowed 3 billion dollars and for that reason alone people think it won’t declare Ch11. Jetblue currently can’t pay back the money it’s borrowed without losing more money. The estimates to make money are based on a perfect macro environment, JoJos words, which jetblue hasn’t had so the loses will continue. The investors won’t allow the airline to burn through the remaining amount just because. Bankruptcy is happening.
as mentioned the 27th will be telling. Perhaps revised estimates but certainly a posted loss. Operational
efficiencies will be blamed on the government and ATC. The lone good news will come in the on going spirit saga. I’m looking forward hear the tone in Jamie Bakers voice and JG makes more excuses for the airline’s shortcomings.
I agree with most of this, except your confidence that bankruptcy is imminent. Everyone seems to lump us into the same boat as Spirit, which just isn't correct. Honestly, I wish we WOULD declare, but I'm sure it's not that easy. Give them the rest of the week to cook the books for Q4. All those numbers are a lie anyways. I always wondered why we take 7-10 days longer then the legacies to release our earnings....