Yeah, you haven’t been paying attention. JetBlue has been burning the furniture for the past 6 years. That little talking point about not earning a profit since 2019? We’re still here because we’re borrowing money to keep the lights on. And now we’re borrowing even more money to both keep the lights on, and to make payments on our earlier loans. The textbook definition of burning furniture to heat the house.

Of course we’re having to burn the furniture faster and faster, so to some it may seem like we weren’t burning it before now.