Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > JetBlue
JetBlue Latest and Greatest >

JetBlue Latest and Greatest

Notices

JetBlue Latest and Greatest

Old 12-10-2017, 12:42 PM
  #5001  
Gets Weekends Off
 
Joined APC: Aug 2011
Posts: 1,206
Default

Originally Posted by CaptCoolHand View Post
Come on man. Just a jab

This is like the bar and we’re all drinkin buddies.

Bluepilots is thunder dome and anything goes.








Sent from my iPhone using Tapatalk
Southerner is offline  
Old 12-14-2017, 06:43 AM
  #5002  
Gets Weekends Off
 
Ted Striker's Avatar
 
Joined APC: Feb 2008
Position: B6
Posts: 764
Default

Jetblue share buyback to total $750,000,000. For anyone out there who thinks the company cannot afford our ask, or for the folks who don't want to "bankrupt the company".

https://finance.yahoo.com/news/jetbl...112611486.html
Ted Striker is offline  
Old 12-14-2017, 07:15 AM
  #5003  
Gets Weekends Off
 
cmesoar's Avatar
 
Joined APC: Sep 2008
Position: FO
Posts: 303
Default

Originally Posted by Ted Striker View Post
Jetblue share buyback to total $750,000,000. For anyone out there who thinks the company cannot afford our ask, or for the folks who don't want to "bankrupt the company".

https://finance.yahoo.com/news/jetbl...112611486.html
Good info. So other than speculating that this could effect negotiations, (there is no proof of this without them admitting) why would they do this?? I am looking for someone that knows why a company would make this purchase. I think they bought 500 million in shares about a year ago. My thoughts are to increase stock price, or lower cash for an acquisition.. etc. I honestly have no idea.
cmesoar is offline  
Old 12-14-2017, 07:30 AM
  #5004  
Gets Weekends Off
 
Ted Striker's Avatar
 
Joined APC: Feb 2008
Position: B6
Posts: 764
Default

Originally Posted by cmesoar View Post
Good info. So other than speculating that this could effect negotiations, (there is no proof of this without them admitting) why would they do this?? I am looking for someone that knows why a company would make this purchase. I think they bought 500 million in shares about a year ago. My thoughts are to increase stock price, or lower cash for an acquisition.. etc. I honestly have no idea.
I'm not too savvy on this topic but, I did some searching this morning. Basically from what I gather, said company literally has so much extra money and they have exhausted all ways of spending it.


Here is a good article -

https://www.forbes.com/sites/aalsin/.../#75699d196b1e

"Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses"
Ted Striker is offline  
Old 12-14-2017, 08:38 AM
  #5005  
Gets Weekends Off
 
CaptCoolHand's Avatar
 
Joined APC: Dec 2008
Position: Left,Right, Left, Right,Right,Left, Right, Left
Posts: 3,150
Default

Originally Posted by Ted Striker View Post
I'm not too savvy on this topic but, I did some searching this morning. Basically from what I gather, said company literally has so much extra money and they have exhausted all ways of spending it.


Here is a good article -

https://www.forbes.com/sites/aalsin/.../#75699d196b1e

"Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses"
If only there was a place to spend said money that would help the operation...
CaptCoolHand is offline  
Old 12-14-2017, 08:44 AM
  #5006  
Gets Weekends Off
 
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,735
Smile

Originally Posted by CaptCoolHand View Post
If only there was a place to spend said money that would help the operation...
I think congress funds ATC
pilotpayne is offline  
Old 12-14-2017, 08:55 AM
  #5007  
Gets Weekends Off
 
Sennaha's Avatar
 
Joined APC: Jan 2006
Position: retired EMB-145 CA
Posts: 115
Default

Originally Posted by BeatNavy View Post
BS wasn’t a bad pilot, given my expectations after the stories I heard. I don’t think I’d be much better if I flew once a month. That said, the time I flew with her wx was great and it was a quick easy day. Furthermore, she pays more dues than anyone else at this airline, as I understand it. She flies on her days off (for free, and buys trips from people) because she enjoys flying, and says she wouldn’t give it up. She’s ok in my book, but I’ve only flown with her once and that’s the limit of my interaction with her. Other guys I know who flew with her had similar experiences. But I’ve read and heard stories to the contrary, so ymmv.
Awesome. Great she climbed up the corporate ladder to a management position! Anyone else would have to resign they're seniority number if the position was not in flight ops.
Sennaha is offline  
Old 12-14-2017, 08:58 AM
  #5008  
What’s it doing now?
 
Joined APC: Mar 2011
Position: 190FO
Posts: 717
Default

Originally Posted by CaptCoolHand View Post
If only there was a place to spend said money that would help the operation...
Hmmm, new interiors, better ground equipment at outstations, a little less aircraft utilization so we can have a few more minutes to turn a plane and actually be on time? Or even paying people a market rate for the excellent work they do?

Buying back stock is short term gain for a few spun to be “good for everyone”. It’s like a pilot who sells back all their PTO. Quick boost to earnings, but maybe you should have invested in your long term health and ability to continue working by taking care of yourself. Instead the money will be gone soon and you’ll be calling in sick with no PTO to cover it.

I think we’re good at what we do. Invest that money in growing jetblue and then “everybody eats”.
Tom a Hawk is offline  
Old 12-14-2017, 12:43 PM
  #5009  
Banned
 
Joined APC: Feb 2009
Posts: 1,422
Default

Originally Posted by Tom a Hawk View Post
Hmmm, new interiors, better ground equipment at outstations, a little less aircraft utilization so we can have a few more minutes to turn a plane and actually be on time? Or even paying people a market rate for the excellent work they do?

Buying back stock is short term gain for a few spun to be “good for everyone”. It’s like a pilot who sells back all their PTO. Quick boost to earnings, but maybe you should have invested in your long term health and ability to continue working by taking care of yourself. Instead the money will be gone soon and you’ll be calling in sick with no PTO to cover it.

I think we’re good at what we do. Invest that money in growing jetblue and then “everybody eats”.
The "leadership" only cares about buying another vacation home.

The long term health of the company or goodwill of the empolyees isn't on their radar. I know we all wish this weren't true but it is. Unfortunately short term bonuses drive corporate thinking these days. Our ELT is no different.
PasserOGas is offline  
Old 12-14-2017, 01:16 PM
  #5010  
Banned
 
Joined APC: Jan 2011
Posts: 1,122
Default

Reverse splits are free. Just sayin’
aldonite7667 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Zoomie
Major
36
01-28-2015 11:44 AM
iahflyr
Major
27
09-30-2014 09:04 AM
Mason32
Regional
270
07-27-2010 06:01 PM
Scott34567
Regional
39
05-29-2008 07:08 PM
Sir James
Major
0
07-29-2005 07:02 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread