Depends on some assumptions, but if you assume after countermeasures and after the airline works through its negative bookings, it could burn through $10 million a day for about 200 days.

Assuming where we're at now. Reduced leave lines. Off hand with 1 billion in cash and 1 billion in credit the 200 sounds about right. Hopefully the get a piece of the bailout I mean relief money without any earmarks

ALPA has a call to action letter available. Just a checkbox and then the form letter is sent to your two senators & congressman. Takes 10 seconds. Worth my time.

This article is a good read. It has a good chart with all the carriers except F9. It says B6 has 94 days of cash and credit, 105 with assets included.

https://leehamnews.com/2020/03/16/us...-SonUrOmgB3Pq4

That was before Jetblue received another 1 billion dollar loan.

It's actually quite inaccurate. Dramatically so.

As mentioned, it doesn't include the newly acquired $1 billion in liquid cash. But possibly most striking, is that it values JB's 1/3 of its fleet which is unencumbered, as well as JB's extraordinarily valuable slot portfolio, at only $200 million.

That's off by magnitudes.

Done 2 days ago and frwd to everyone I know

Good to hear. Thanks for your efforts.

This a great perspective if mgmt starts to rumble about cutting costs

https://apple.news/ArrQGms8LQh-bKT4cV0li_w

I also forgot, this analysis was also done before JB announced 40% capacity cuts from April into the summer.

Off by magnitudes is an understatement.

off by good or bad?

JB right now probably has 200-250 days of operating cash with some reasonable assumptions.

The article understated JBs abilities, by a lot.

that’s my assumptions as well.

not validating any of that article but the argument can be made that at THIS moment slots and used aircraft are not at peak values if needed to be liquidated.

True, but the value of other airline assets would also be dramatically down, but the article doesn't seem to show that for other airlines.

I believe the author made a gross error, somehow.

I like where your head I s at. I’m in. Will the FLICA *****s be? Will ALPA ask. Will the senior guys vote to keep the rookies on board? Crazy times...

Cannot allow pay concessions. If they have to furlough, so be it, but furloughs are far down the FOG list because of cost. Plus, when things ramp up in January, theyll need every swingin D.
This is not coming back soon. Cuomo and Gruesome will keep Cali and NYC closed for 6 weeks minimum.
#Coronascam

Yep...i think you are right...We dont give an inch on those pay concessions. At this point ( I saw someone mention USAIR2.0) if we give in we are stuck with it for years and years to come. Gotta keep thinking long game!

If we take pay cuts ...THE COMPANY WILL FURLOUGH ANYWAYS!!!

They get less pilots at a cheaper rate.

They are always playing the long game.

Indeed, all true.

When you start seeing the dramatic number of deaths in NYC in about 10 days you might change that hashtag.

0.0000000%

Just to reiterate..... Not... one... dime....

We negotiated a contract that gave the company the ability to handle emergencies.

That is my thinking too. We have a CBA to navigate the hard times, not the good times. This isn’t when we start giving things up.

Man, you guys are hard core. Talking to some friends that are still at JB, I think you should consider giving up a lot to save the company.

At a minimum, you should consider giving up Level 1 Lift Awards, Blue SuperHero recognition and excessive emails.

If the company is really in trouble, I might suggest, as hard as this may be for you all, but it might be time to give back the potato farm. Have to save the company.

If we have to give up the potato farm, maybe this job isn’t worth saving.

I’ll give up my Lift Awards when you pry them from my cold dead hands!!!

https://cdn1-thr-com.cdn.ampproject....907-h_2019.jpg

Lovin all of this :D

We gotta think outside the box. Boiled potatoes. Fried potatoes. Potatoes cocktail. Steamed potatoes. Hash browns. Au gratin. French fries. Tater tots. Kettle chips. Our new venture- Robin Gump potato farm.

You forgot Shrimp n Potatoes.