JetBlue headed for bankruptcy
Today | 11:34 AM
#211
Line Holder
Joined: May 2012
Posts: 1,550
Likes: 79
lol we already are a small niche carrier… look at our total market share
We can’t grow outside our markets we’re in now. It’s been how long? No new markets other than small cities like PQI at the expense of other smaller cities like BTV.
we’ve simply shuffled flying around in the markets we already fly. Add a 220 on a 190 route and call it ASM growth. The only arguable growth is in Europe with more destinations but axing one FL/NE city for another isn’t growing. We’re surviving not thriving.
We can’t grow outside our markets we’re in now. It’s been how long? No new markets other than small cities like PQI at the expense of other smaller cities like BTV.
we’ve simply shuffled flying around in the markets we already fly. Add a 220 on a 190 route and call it ASM growth. The only arguable growth is in Europe with more destinations but axing one FL/NE city for another isn’t growing. We’re surviving not thriving.
Today | 11:38 AM
#212
SDQ Base Chief
Joined: Mar 2006
Posts: 6,068
Likes: 40
From: 320 CA
During AA’s bankruptcy it was still 10-12% of the domestic market. Comparing that to jetblue is apples-to-oranges given JetBlues almost insignificant market share.
There is a path forward in the form of an asset sale consisting of at least 25%. Being selfish, at least the pilots will continue to maintain employment.
There is a path forward in the form of an asset sale consisting of at least 25%. Being selfish, at least the pilots will continue to maintain employment.
Also I’m not sure we’d be saved since asset sales don’t trigger any pilots going to the acquirer. See 1.D.2 where it says asset sales aren’t included. We’d need to divest actual aircraft from what I can tell
Notwithstanding the above, aircraft financing transactions, securities transactions involving Company assets, asset sales, swaps, or leases in the ordinary course of business or non-permanent asset transfers shall not constitute a Significant Asset Sale.
Today | 12:13 PM
#213
Line Holder
Joined: May 2012
Posts: 1,550
Likes: 79
I was referencing AA having “tons of cash” but still filing Ch11. The trajectory at AA was bad and they filed before they burned all their money. I’m hoping JB can do the same instead of leveraging ourselves as much as possible before realizing this is a bad idea.
Also I’m not sure we’d be saved since asset sales don’t trigger any pilots going to the acquirer. See 1.D.2 where it says asset sales aren’t included. We’d need to divest actual aircraft from what I can tell
Also I’m not sure we’d be saved since asset sales don’t trigger any pilots going to the acquirer. See 1.D.2 where it says asset sales aren’t included. We’d need to divest actual aircraft from what I can tell
Today | 12:17 PM
#214
Line Holder
Joined: Jan 2019
Posts: 526
Likes: 38
lol we already are a small niche carrier… look at our total market share
We can’t grow outside our markets we’re in now. It’s been how long? No new markets other than small cities like PQI at the expense of other smaller cities like BTV.
we’ve simply shuffled flying around in the markets we already fly. Add a 220 on a 190 route and call it ASM growth. The only arguable growth is in Europe with more destinations but axing one FL/NE city for another isn’t growing. We’re surviving not thriving.
We can’t grow outside our markets we’re in now. It’s been how long? No new markets other than small cities like PQI at the expense of other smaller cities like BTV.
we’ve simply shuffled flying around in the markets we already fly. Add a 220 on a 190 route and call it ASM growth. The only arguable growth is in Europe with more destinations but axing one FL/NE city for another isn’t growing. We’re surviving not thriving.
Even the transatlantic destinations aren’t real growth. Came at the expense of BOS-AMS and JFK-LGW. In the end it’s done with aircraft we already had. In total, the last four years have seen 75 routes exited and about 20 BlueCities shut down. JFK-IAH was shut down for poor performance only to be reintroduced after the BlueSky agreement.
We are now playing catch up with no aircraft to deploy anywhere. Getting squeezed from the top from those that actually have a network and underneath us at these tertiary airports like PVD and RSW by Breeze.
Today | 12:24 PM
#215
SDQ Base Chief
Joined: Mar 2006
Posts: 6,068
Likes: 40
From: 320 CA
Today | 01:26 PM
#219
On Reserve
Joined: Nov 2023
Posts: 102
Likes: 90
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