Desdi

Nope, sorry. For months (even before the AA agreement was announced) management clearly touted that we entered this crisis with second best balance sheet in the industry with still many untapped sources of liquidity if we need them in the future. Once the NEA was announced the company line was that this had the potential of accelerating our recovery.... LOA12 was agreed to, that should be the limit with goodwill and hope, anything beyond that requires tangible benefits and guarantees NOW. We are not on the verge of bankruptcy, far from it.... unsustainable cashbleed? For now of course, but it’s improving everyday, even the bluest of Governors are opening up and we are vaccinating over 1 million a day and increasing, so the cash burn will continue to improve. If you are convinced that Bk is right around the corner ask yourself why we are still moving ahead with Europe, restarting the 320M refurbishment line, only recently reinstated full seat capacity.... Why is the JBLU stock short volume decreasing? It does not all fall on our shoulders to pass LOA 13, the NEA codeshare can proceed initially without it and a new LOA can be crafted that will address our concerns and satisfies the relief the company needs without leaving anything to chance. B6 is not in a bad spot, AA most certainly IS.... my humble opinion this is a way for AA to secure their NE network and FF base in advance of a CH 11 filing and retrenchment into CLT, ORD and DFW.

Docskoli

Act so scared? These forums suck. Can’t post wo a smart ass response. You wouldn’t talk to me like that to my face. ****ing hate forums. So much for intelligent discourse.

pangolin

Dude
I was walking past this park and saw a bunch of kids playing in this sandbox. I stopped by to join in. Then I met this big bully who yelled at me to get out of the sandbox. It’s a public park dude. Chill. I don’t do bullys.

Docskoli

thanks. I appreciate your response. I’ll def think about your points.

Roy Biggins

Thank you Desdi. I’m glad someone finally pointed this out.

hyperboy

I understand your frustration with forums and how people attack on this forum. The way that I look at it is this. I love working here love the code sharing and thinking outside the box and the vision of this code share in LOA 12. I just can't get past giving up scope which would equate in JetBlue jobs and progression. Voting NO to LOA 13 I would argue would give us more flying since it deals with giving flying to others that in my opinion we should do because it is in our CBA. F7 and F8 are under the Title Joint Venture Restrictions. The company knows what our contract says and could have tailored the NEA respecting our CBA instead they chose to test us and make us give up something major scope that we have for good reason. I want this company to succeed and I want Jetblue pilots doing the flying. We can agree to disagree. Thanks for your opinion

Docskoli

and thank you. Yet another reasoned response. I love working here too. Thanks.

hyperboy

solid post well said

Ted Striker

I could see this happening as well. They said AA has been bleeding money in NYC for a while now. I assume they remain in the NYC markets to stay relevant in the business contract world, as well as being a global player. Fast forward, AA is forced to shed underperforming markets to get costs under control and focus on turning profits to pay down debt or worst case CH11 and being forced to shed red ink markets. In either scenario this gives them a big/bigger presence in NYC by off-loading/leasing those slots to Jetblue that they would have either needed to abandon or worst case sell in CH11. They off-load the slots to Jetblue with a deal that gives them relevance for 10+ years as well as feed for lucrative wide body flying out of NYC, and allows them to be competitive still in corporate contracts and FF base in BOS, NYC + EWR. If AA does not do this, they will slowly get picked off by Delta/United in the NYC market, from not being financially positioned to keeping underperforming markets around.

Desdi

And this is exactly why AA approached B6

In short if LOA 13 is rejected it will be the B6 ELT that will be under pressure from the BOD for jeopardizing the full realization of the NEA by low balling the pilots (exactly what brought us CBA1 in short order during the summer of 18). If everyone is truly playing in good faith a new TA will be agreed upon in short order with better language to address our concerns and an immediate pay bump, and who knows maybe a more favorable PS formula. Everyone is happy and the NC going fwd will be far more hesitant to throw us agreements with suspect language and/or without effective use of leverage to get items we want.