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2.2 Billion and rising
Have the Dave's given any recent commentary about our growing pile of debt?
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That doesn't sound good, sounds like they should charge more for their tickets.?.?
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Debt should not be viewed as a stand alone number. Viewing debt as a percentage of revenue is more appropriate. $2.2B in debt and $100M in revenue? Bad. $2.2B in total debt and $1.59B in annual revenue? Not bad at all. They're still posting profits after servicing that debt. Obviously, less debt would be great but I don't view this as a big, dark cloud.
Also, keep in mind the relative age of the company. It takes some time to overcome start up costs. You can't pay off an A320 in 3 years. Look at some other start up companies, I think Amazon just posted their first profit this year. For countries compare GDP to debt. That being said, some word from the top on where this is going would be nice. |
Originally Posted by sarcasticspasti
They're still posting profits after servicing that debt.
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Stuff
Either a big fat profit sharing check or wage concessions.
Originally Posted by bluechunks
Ummm....so all of us hard working JB pilots should expect a big fat profit sharing check for 2005 when the Q4 results are posted at the end of the month???? ;)
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Anyone know what JB's A320 upgrade time is?
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Originally Posted by 1jetpilot
Anyone know what JB's A320 upgrade time is?
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Wow JB is sinking even faster than most predicted. Keep the fares low, and lower your wages to save the company guys. :)
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