You're probably right. No niche vacation airline has ever had several bad years and then gone out of business. Just regionals.

 

And no legacy trunk airlines have gone out of business either.

We're all along for the ride together, none of us get much of a say in the direction of the airline, the only choice we have is where to port our labor. Good luck making the best decision for you and your family.

Right now I'm hearing management actually talk about reforms to the business, improving the actual operation, that pilots and frontline employees have been begging for for years. Talk is cheap, we'll learn more in May, but the tough part is going to be whether they invest what's required to make the necessary improvements. ASM shrinkage sucks, aircraft deferrals blow, but if this management can accomplish making this airline more reliable and operationally sound, it will be more sustainable going forward and narrow the advantage a large network carrier like Delta has, especially in markets like JFK and BOS.

Time will tell.

 

When I was in college I worked for a niche airline called Midwest Express. While not a vacation airline, it was definitely a niche airline that was plagued with mismanagement and a route network that didn’t allow it to compete effectively.

 

Jojo is promising the same changes she promised in 2021 and 2022. The difference is, those times she didn't really do it and she blamed NYC after the fact. This time, she's already blaming NYC.

 

That and I can smell that the newly appointed COO is a pilot against pilots. Coupled with a penny pincher at the helms looking to “invest in operation” to line their bonuses. I’m afraid time will come to sell us on concessions.

 

I think you mean ATC and she’s not wrong. We pulled down 10-15% of our NY flying as mandated by the FAA.

 

Eeeeeasy there. Midwest Express I think had 25-30 airplanes and a few handfuls of cities served.


JB has very valuable assets in large metropolitan areas, government contracts and valuable loyalty program and brand. Everyone needs to back away from the ledge a bit.

 

100% agree. MKE was a ghost town before Midwest Ex and it is a ghost town again after them. The same wouldn’t be true for JFK/BOS/FLL/MCO

 

^^^^This^^^^
Annual loss was $310m, Spirit acquisition costs to shareholders $400m, not too mention legal costs and the costs associated with planning for the integration. Very safe to say B6 would have had an annual profit without NK costs…it was a good effort, worthy of the original investment, now it’s time to move on. JetBlue has a good balance sheet, good product and great real estate. Well know the new vision in May, give it time.

 

What's this big May announcement? At one point Ursula said she might have more information at the May shareholders meeting, but that's way different from "Jetblue will have Big News coming in May!"

To me it sounded more like a kid asking if they can turn in a book report next week... not because it's going to be Epic, but rather because it's only half finished.

As in, "they're still coming up with a Plan B" - which is exactly what Ursula said yesterday during the pocket session.