Originally Posted by
westcoastj
Unlike JetBlue we are not borrowing against our assets in the same manner.
F9 doesn’t have tangible assets it can borrow against like JetBlue. JetBlue owns 75% of its aircraft outright. Frontier owns 0%.
Thats why they count their credit revolver facility as cash on hand on the balance sheet. No other airline does that. They just don’t have access to liquidity because the lack of assets.