JetBlue headed for bankruptcy
Yesterday | 02:44 PM
#171
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,098
Likes: 788
From: Engines Turn or People Swim
CH11 doesn't make Jetblue a "more attractive merger target" any more than either of the two Spirit CH11 made it more attractive.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
An acquisition by a stronger carrier is appealing to creditors, since it can improve what was an iffy long-term ROI to one that looks more reliable.
Ch.11 definitely puts creditors on notice that it's time to negotiate, and stock value would be low, that's appealing to potential buyers.
Yesterday | 02:53 PM
#172
Line Holder
Joined: Oct 2019
Posts: 1,184
Likes: 34
CH11 doesn't make Jetblue a "more attractive merger target" any more than either of the two Spirit CH11 made it more attractive.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Yesterday | 02:57 PM
#173
On Reserve
Joined: Nov 2023
Posts: 102
Likes: 90
CH11 doesn't make Jetblue a "more attractive merger target" any more than either of the two Spirit CH11 made it more attractive.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Yesterday | 03:35 PM
#174
SrFOorJrCAisthe?
Joined: Sep 2017
Posts: 1,643
Likes: 299
If so, they could just buy B6 outright. Either get the dual fleet thing finally or they could sell or lease the metal themselves and make money off their own competition.
Yesterday | 04:10 PM
#175
Line Holder
Joined: Sep 2020
Posts: 1,590
Likes: 371
Its literally a place to discuss Jetblue. You just don't like my opinion. You can just skip my posts when you see my handle if you don't want to read what I have to say because its not what you believe.
Reading people throwing around cliches like "BK will make us more attractive for a merger" or "BK will wipe out most of our debt" is just nonsense. All this was thrown around in regards to Spirit, none of it was true, and people on that forum didn't like it when I explained why Spirit wasn't going to be acquired by anybody.
And yet here we are.
Reading people throwing around cliches like "BK will make us more attractive for a merger" or "BK will wipe out most of our debt" is just nonsense. All this was thrown around in regards to Spirit, none of it was true, and people on that forum didn't like it when I explained why Spirit wasn't going to be acquired by anybody.
And yet here we are.
Yesterday | 04:13 PM
#176
Line Holder
Joined: Sep 2020
Posts: 1,590
Likes: 371
Southwest has about $3B in cash. United has the most ($16B) but has already passed.
Yesterday | 04:46 PM
#177
On Reserve
Joined: Nov 2023
Posts: 102
Likes: 90
Its literally a place to discuss Jetblue. You just don't like my opinion. You can just skip my posts when you see my handle if you don't want to read what I have to say because its not what you believe.
Reading people throwing around cliches like "BK will make us more attractive for a merger" or "BK will wipe out most of our debt" is just nonsense. All this was thrown around in regards to Spirit, none of it was true, and people on that forum didn't like it when I explained why Spirit wasn't going to be acquired by anybody.
And yet here we are.
Reading people throwing around cliches like "BK will make us more attractive for a merger" or "BK will wipe out most of our debt" is just nonsense. All this was thrown around in regards to Spirit, none of it was true, and people on that forum didn't like it when I explained why Spirit wasn't going to be acquired by anybody.
And yet here we are.
Yesterday | 05:03 PM
#178
Gets Weekends Off
Joined: Oct 2012
Posts: 3,267
Likes: 55
From: 190 captain and “Pro-pilot”
CH11 doesn't make Jetblue a "more attractive merger target" any more than either of the two Spirit CH11 made it more attractive.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
yes JetBlue and spirit are a real apples to apples comparison. How do you think we got all of that debt…..hmmmm maybe we have stuff?
Yesterday | 05:39 PM
#179
Line Holder
Joined: Apr 2018
Posts: 215
Likes: 11
CH11 doesn't make Jetblue a "more attractive merger target" any more than either of the two Spirit CH11 made it more attractive.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
Yesterday | 05:40 PM
#180
Line Holder
Joined: Feb 2008
Posts: 851
Likes: 15
From: B6
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