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Old 03-09-2020, 04:15 PM
  #11621  
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Originally Posted by Liketoflyjets View Post
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?
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Old 03-09-2020, 05:06 PM
  #11622  
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Originally Posted by disenchantMINT View Post
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.
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Old 03-09-2020, 05:37 PM
  #11623  
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JetBlue maintains approximately $625 million in undrawn lines of credit
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Old 03-09-2020, 05:45 PM
  #11624  
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Originally Posted by BlueJetDork View Post
JetBlue maintains approximately $625 million in undrawn lines of credit

and the money printing machine in the mop closet......lol
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Old 03-09-2020, 05:50 PM
  #11625  
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Originally Posted by hyperboy View Post
and the money printing machine in the mop closet......lol
That money can only be used for executive bonuses.
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Old 03-09-2020, 06:01 PM
  #11626  
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Originally Posted by Bluedriver View Post
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.
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Old 03-09-2020, 06:07 PM
  #11627  
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Originally Posted by Bluedriver View Post
That money can only be used for executive bonuses.
Now that was funny, I don't care who you are!
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Old 03-09-2020, 07:01 PM
  #11628  
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Originally Posted by pilotpayne View Post
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.
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Old 03-09-2020, 07:42 PM
  #11629  
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Originally Posted by nuball5 View Post
....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.
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Old 03-15-2020, 02:14 AM
  #11630  
Line Holder
 
Joined APC: Dec 2014
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Default 3/17 Class canceled?
So was the 3/17 class canceled? If so, I'd like to hear from one of the guys who was supposed to start as far as how they were notified, etc.
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