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Bluedriver 03-18-2020 09:22 PM


Originally Posted by N311JB (Post 3003398)
Any math wizards know with the available cash on hand plus the credit how long B6 can operate. Assuming no furloughs, etc

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.

N311JB 03-19-2020 05:24 AM


Originally Posted by Bluedriver (Post 3003404)
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

HogEars 03-19-2020 05:41 AM


Originally Posted by N311JB (Post 3003531)
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.

Trowserchilli 03-19-2020 06:24 AM


Originally Posted by Bluedriver (Post 3003404)
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.

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

keysersose 03-19-2020 06:27 AM


Originally Posted by Trowserchilli (Post 3003583)
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.

Bluedriver 03-19-2020 07:24 AM


Originally Posted by Trowserchilli (Post 3003583)
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

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.

N311JB 03-19-2020 07:50 AM


Originally Posted by HogEars (Post 3003554)
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.

Done 2 days ago and frwd to everyone I know

HogEars 03-19-2020 09:01 AM


Originally Posted by N311JB (Post 3003751)
Done 2 days ago and frwd to everyone I know

Good to hear. Thanks for your efforts.

N311JB 03-19-2020 11:06 AM

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

https://apple.news/ArrQGms8LQh-bKT4cV0li_w

Bluedriver 03-19-2020 02:26 PM


Originally Posted by Bluedriver (Post 3003687)
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.

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.


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