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Quote:

Originally Posted by Liketoflyjets (Post 2992821)

They have to start flying to the gates in England or they lose them.....empty or full; they will fly

They are planning on waiving use it or lose it gate provisions in Europe. Did JetBlue even secure gates yet?

Quote:

Originally Posted by Liketoflyjets (Post 2992821)

They have to start flying to the gates in England or they lose them.....empty or full; they will fly

Do they even have gates yet? Or an airport?

Quote:

Originally Posted by disenchantMINT (Post 2992741)

Would have been nice to have extra hundreds of millions in cash or credit to deal with short term cash flow, but they decided to blow it all on buybacks in a fruitless attempt to juice the share price.

Any idea how tight cash is right now? Will they amp up the refurb line while flying is reduced or is this more dire than we know?

We own 82% of our fleet, 9.9% operating margin, and a debt-equity ratio about .56. We are in a very strong position financially. I do think it would be smart to increase refurb capacity while flying is reduced. But the company does need to be smart about where it spends its money since we dont know how long this travel decline will last. I don't think deferring A220s would be smart, but I could see us parking a few 190s ahead of schedule if this drags on through summer. A delay to Europe wouldn't surprise me either, unless we can get some sweet LHR slots from a struggling carrier looking to raise some cash.

JetBlue maintains approximately $625 million in undrawn lines of credit

Quote:

Originally Posted by BlueJetDork (Post 2992914)

JetBlue maintains approximately $625 million in undrawn lines of credit

and the money printing machine in the mop closet......lol

Quote:

Originally Posted by hyperboy (Post 2992922)

and the money printing machine in the mop closet......lol

That money can only be used for executive bonuses.

Quote:

Originally Posted by Bluedriver (Post 2992929)

That money can only be used for executive bonuses.

I’m sure they won’t cut that.

but at least our financial health is pretty good. You wouldn’t know it reading our CFO update.

Quote:

Originally Posted by Bluedriver (Post 2992929)

That money can only be used for executive bonuses.

Now that was funny, I don't care who you are!

Quote:

Originally Posted by pilotpayne (Post 2992937)

I’m sure they won’t cut that.

but at least our financial health is pretty good. You wouldn’t know it reading our CFO update.

....and that’s exactly how they want it. Big scary yellow numbers when some metric on the quarterly updates are down from the previous year.

Quote:

Originally Posted by nuball5 (Post 2992979)

....and that’s exactly how they want it. Big scary yellow numbers when some metric on the quarterly updates are down from the previous year.

Yeah man he is the biggest eeyore I have ever seen. Hey I’ll give them credit the company is in a good spot for all this but really.