Pay Cuts?
03-18-2020 | 09:22 PM
#41
The REAL Bluedriver
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From: Airbus Capt
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.
03-19-2020 | 05:24 AM
#42
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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
03-19-2020 | 05:41 AM
#43
On Reserve
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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.
03-19-2020 | 06:24 AM
#44
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https://leehamnews.com/2020/03/16/us...-SonUrOmgB3Pq4
03-19-2020 | 06:27 AM
#45
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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
https://leehamnews.com/2020/03/16/us...-SonUrOmgB3Pq4
03-19-2020 | 07:24 AM
#46
The REAL Bluedriver
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From: Airbus Capt
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
https://leehamnews.com/2020/03/16/us...-SonUrOmgB3Pq4
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.
03-19-2020 | 07:50 AM
#47
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03-19-2020 | 11:06 AM
#49
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This a great perspective if mgmt starts to rumble about cutting costs
https://apple.news/ArrQGms8LQh-bKT4cV0li_w
https://apple.news/ArrQGms8LQh-bKT4cV0li_w
03-19-2020 | 02:26 PM
#50
The REAL Bluedriver
Joined: Sep 2011
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From: Airbus Capt
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.
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.
Off by magnitudes is an understatement.
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