Parking 100 planes
 

Wow... what’s the total number of planes we have?

this says 262 aircraft

http://investor.jetblue.com/~/media/...march-2020.pdf

265 active.

https://www.planespotters.net/airline/JetBlue-Airways

yep 265

I assume all 190s
60 of them
and 40 320s

whoaaa that’s a lot

What did you expect with every airline down in capacity over 75%? They ain’t parking all 190’s either...where did you get that?

Why would they park all the 190’s? That makes zero sense. Come on now.

If all 190s get parked, then those 190 drivers who just got the VILs for May-July will be pi$$ed lol.

hahaha. I would be so mad if that happened. Did they say when they are parking the planes?

Email says this month. Would assume as soon as they get the space confirmed.

all the lcr will be flying to Arizona this next month haha

That'll get snatched up by a lineholder with open-time limited as it is. Operate to this place in AZ....limo to Phoenix, deadhead back day 2.

ok sure no problem
sorry they will keep the 190s

ok no 190s
got it

In Arizona: “move 50 of our aircraft, both Airbus and Embraer”

You seem like an all or nothing kind of dude.

Did it occur to you that they might park some of each?

“Hey, the government says all these routes are ”Essential Service” for April and May, but we only got about 20 passengers on each of these. Which airplane are we scheduling?”

”Schedule the 320s. Because the 190s only carry 100, burn less fuel, the pilots are paid less, and they only need 2 flight attendants.”

mix of 190s and Airbus
you are correct

either way bad news

Either way, expected, under the circumstances. And yes, it's not good news.

I’m not sure what number I was expecting, but there was no doubt we’d park planes. How could we not?

100+ out of 265 sounds ballpark right...

I say yes...

Anyone know when the 220 bid is coming out? I was talking to my wife. We think since it’s going to be parked for a while we should bid it so I can get paid 75 hours to stay at home. Anyone know how senior it’s going to go?

Yes a few of us know how senior it will go. But it’s a secret sorry.

The 220 bid just does not come out. If it's on the annual bid we can bid on it. If it is not on the annual bid then we cannot. That will be in August per the CBA. The company has said it will be on the annual bid.

you missed the sarcasm.

Parking 100 planes
 

August is a million years away at this point.

Think about this. It’s only been 6 weeks since the hysteria hit the US. It feels like an eternity.

How many different plans has there been in the last 6 weeks? In the last 2 weeks?

JB is in a unique position that we own a ton of airplanes. We can park them temporarily and see if demand returns to a reasonable level, and react quickly if it does.

The legacies are already making permanent decisions with airplanes that will effect them for years.

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United owns 635 of their 777 mainline aircraft. That's about 80%.

Delta owns around 700 of their 900 aircraft. That's about 77%.

JetBlue owns around 210 of 260 aircraft. That's about 80%.

All the data is available in the respective airline 10K filings.

That doesn’t paint the whole picture. When you say owned, most of those that are “owned” are still financed and have payments due. Only about 1/3 of JetBlue’s planes are unencumbered. The rest that are “owned” still have loan payments due. I don’t know what the split is for the legacies on the number of planes that are unencumbered, but AA says it has $10bn worth of unencumbered assets and DL says it has about $20bn worth, for whatever that’s worth. Still, aircraft rent/finance payments are a small percentage of operating costs.

Yea I meant outright owns, no payments.


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didn’t we remortgage some to do stock buybacks?

Yea a few but we still outright own more than most other airlines.


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Piper Turbo Lance with a runout engine on Trade a Plane. We can use that for JFK BTV given the 3 people I usually carry...
Pay cash. They’d prob go lower than the 89K they’re asking.
Garmin 530 so RNAV 33. Gold. Pure gold.

ehhh it’ll have to be a twin engine. So upgrade that bad it to a Seneca and we have a deal.

Doesn't matter.

On paper they may be unencumbered, but Management recently borrowed $500 Million secured by said aircraft to fund their accelerated stock buybacks. Oh yeah....that was a few weeks before this fiasco.

Simply put - they took out a Home Equity Line of Credit on the airline to pay themselves massive bonuses and now the employees will have to pay it back.

Has the company stated that we are still taking delivery of the 220?

Seems like they may decide to push that back.

Gup

Not one friggin dime from US.

GP

Not correct
210 aircraft to own outright is a nice 21B . if you average 100 mil per aircraft which by the way they had a price tag bigger than 100 mil


here is what was reported for JB March 6th

debt/equity 60%
cash 829 million
other liquify 372million
credit line 550 m

ASSETS 200 million

now go back to ERAU

The planes were nowhere near $100 million a copy. Not even in the ballpark.

$100MM for an A321. That's fkn hilarious. Go back to community college?

Swing and a miss.

APC Rule #1: if you're going to go to another airline's forum and try to talk sht, don't make a complete fool of yourself in the process. Seems like there's a lot of that spilling over from the United forum lately. Are they trying to take over Delta's reputation?