I don't think we're in BK this fall, seems wayyyyy too soon. I think we start burning the furniture if we don't show positive signs of recovering the airline and moving towards the premium product goals we've set. If we were going to go BK by the fall we'd be in way worse shape right now.

Not sure if you've noticed, but the furniture is smoldering already. DC gates, delivery slots, JFK slots, selling XLRS, etc

The similar deal of mortgaging aircraft two years ago. Just adding to your list.

Yeah, you haven’t been paying attention. JetBlue has been burning the furniture for the past 6 years. That little talking point about not earning a profit since 2019? We’re still here because we’re borrowing money to keep the lights on. And now we’re borrowing even more money to both keep the lights on, and to make payments on our earlier loans. The textbook definition of burning furniture to heat the house.

Of course we’re having to burn the furniture faster and faster, so to some it may seem like we weren’t burning it before now.

In the end, It’s not about the amount of money your company ****ed away but the amount of lift awards you walked away with.

Cults don’t survive. Now, if the board replaced management with a competent group Jetbkue would have a chance.

Well there we have it, no BK in 2026 according to JG

https://share.google/Q9iOMMIQQLGsJCU86

Was the 500m leveraged against our airplanes ever mentioned anywhere prior to today? Just trying to keep up with the news as it comes out. I can’t say I got a good feeling about her email today.

There are no good feelings to be had about a stand-alone JetBlue, so your takeaway is correct.

Yes, this was part of a pre-announced lan several months ago to pay off the $800m April 2026 debt and then raise $500m cash in order to maintain liquidity. I think we need to maintain a certain amount of cash at all times and this helps give us a buffer.