Jetblue’s silence is deafening

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03-22-2020 | 12:55 PM

#151

Bluedriver

The REAL Bluedriver

Joined: Sep 2011

Posts: 6,935

Likes: 0

From: Airbus Capt

Quote:

Originally Posted by Flyby1206

Right. I wonder what the cost benefit analysis would be for airlines to take on a bunch of govt loan debt and force full staffing vs private sector loans and no limits on furloughs/buybacks/compensation/etc.

Debt is cheap, we just got $1b at pretty good rates.

Private loans not available much longer I would guess...

At least not at good rates if this gets worse.

03-22-2020 | 01:53 PM

#152

SAABoroowski

Gets Weekends Off

Joined: Mar 2020

Posts: 192

Likes: 0

Quote:

Originally Posted by nuball5

...just unfortunately it doesn’t look like enough cash to get through this in one piece.

nope. Not for anyone. Today on some type of AA conf call they said Loans would not be enough and they would have to file BK if they added to their Debt...... (paraphrasing )

03-22-2020 | 02:57 PM

#153

Bozo the pilot

Gets Weekends Off

Joined: May 2013

Posts: 2,594

Likes: 0

Quote:

Originally Posted by nuball5

...just unfortunately it doesn’t look like enough cash to get through this in one piece.

Not even close. This buys us till the Fall if we're lucky and this hysteria ends in 4-6 weeks.
Hands up anyone who thinks we will not furlough....

03-22-2020 | 03:35 PM

#154

nuball5

Gets Weekends Off

Joined: Aug 2007

Posts: 2,088

Likes: 12

Quote:

Originally Posted by Bozo the pilot

Not even close. This buys us till the Fall if we're lucky and this hysteria ends in 4-6 weeks.
Hands up anyone who thinks we will not furlough....

I agree that this buys us time until the Fall, I disagree that the hysteria and the aftermath of this virus will be over in 4-6 weeks. I appreciate your optimism though, and sure hope you’re right.

03-22-2020 | 07:03 PM

#155

AYLflyer

Line Holder

Joined: Oct 2016

Posts: 516

Likes: 86

I have nothing of value to add, other than we made it to FL380 in 19 minutes today in a 321.

03-22-2020 | 07:11 PM

#156

wallyp34

On Reserve

Joined: Jun 2012

Posts: 80

Likes: 5

From: trying to get ahead

Quote:

Originally Posted by AYLflyer

I have nothing of value to add, other than we made it to FL380 in 19 minutes today in a 321.

Impressive and depressing all at once.

03-22-2020 | 07:21 PM

#157

O2pilot

Gets Weekends Off

Joined: Apr 2015

Posts: 491

Likes: 0

Quote:

Originally Posted by Bluedriver

Looks like airline grants are dead, just loans.

Not only that, but the senate democrats have decided that in order to take them airlines have to promise not to furlough. The amount of loans aren’t really enough, so virtually no airline will actually take the money.

03-23-2020 | 05:06 AM

#158

Bluedriver

The REAL Bluedriver

Joined: Sep 2011

Posts: 6,935

Likes: 0

From: Airbus Capt

Quote:

Originally Posted by O2pilot

Maybe partially true. Maybe not. Care to show your math?

It is ridiculous that some politicians have the audacity to try and protect the American airline employee. What's next, expecting airlines to spend the money on the airline and not buying back their own stock to inflate the value of executive stock grants? I just hope these politicians aren't so out of touch that they tell management they can't use the loans for executive bonuses... Throw the bums out!