JetBlue Latest and Greatest
12-01-2020 | 09:39 AM
#9951
Line Holder
Joined: Jul 2008
Posts: 529
Likes: 0
They do drive and then use my pass benefits from there if they need to go home quick or go somehwere else. They are both high risk and what's the point? They won't be able to be around others and at their summer home there is at least some family and much better medical facilities. I can also get to their summer home quicker than their winter home.
That would make things a little difficult...
12-01-2020 | 11:18 AM
#9952
Gets Weekends Off
Joined: Feb 2011
Posts: 1,327
Likes: 0
It's not time to panic quite yet. It's a good time to prepare, however, by building up the savings account. If you don't need it come May 1 then roll it over into a strike fund for the next round of negotiations in 2022.
The bad news here in the 8-k is that jetblue had a significant amount of passengers cancel their travel plans this quarter. That's not surprising considering the growth in covid-19 cases the last month or two. Discussions predicting a larger second wave come fall time have been happening since the spring, so the Q4 daily cash burn forecast was always tenuous.
The good news here is that a fair amount of demand returned prior to the current wave of covid case growth even as US covid activity outpaced much of the rest of the world. While the current travel demand isn't as durable as the company would like, it appears resilient. As long as people remain financially solvent and we have high rates of vaccine participation we will likely see a similar return of travel demand as community spread slows, eventually stops, and covid case numbers decrease. Given the high rate of effectiveness of the Pfizer and Moderna vaccines, that confidence could spark an even greater rebound of demand.
There's still some uncertainty surrounding when the FDA will approve the Pfizer vaccine and how that affects its distribution, but it's likely to come before the end of December.
https://www.statnews.com/2020/11/30/...-and-for-whom/
However the vaccine is initially distributed, it sounds like anyone who wants a vaccine will be able to get one by sometime in May.
If that holds true, we'll be reaching herd immunity just in time for the busy summer season and people who have been mostly cooped up at home for the past year decide to travel again.
Plenty could go wrong between now and May first. A vaccine could have manufacturing issues, distribution problems, low participation rates, serious unforeseen side effects, or the more typical risks that are always present like natural disaster or geopolitical conflict, which could hurt a recovery.
Right now Jetblue is sitting on $2.8 billion in cash, can take another billion in CARES Act loans and management has stated they have other options to raise cash if required. So while there will likely be more debt to pay back, there's a high probability of a strong recovery on the horizon and jetblue has the liquidity to get to that point.
The bad news here in the 8-k is that jetblue had a significant amount of passengers cancel their travel plans this quarter. That's not surprising considering the growth in covid-19 cases the last month or two. Discussions predicting a larger second wave come fall time have been happening since the spring, so the Q4 daily cash burn forecast was always tenuous.
The good news here is that a fair amount of demand returned prior to the current wave of covid case growth even as US covid activity outpaced much of the rest of the world. While the current travel demand isn't as durable as the company would like, it appears resilient. As long as people remain financially solvent and we have high rates of vaccine participation we will likely see a similar return of travel demand as community spread slows, eventually stops, and covid case numbers decrease. Given the high rate of effectiveness of the Pfizer and Moderna vaccines, that confidence could spark an even greater rebound of demand.
There's still some uncertainty surrounding when the FDA will approve the Pfizer vaccine and how that affects its distribution, but it's likely to come before the end of December.
https://www.statnews.com/2020/11/30/...-and-for-whom/
However the vaccine is initially distributed, it sounds like anyone who wants a vaccine will be able to get one by sometime in May.
If that holds true, we'll be reaching herd immunity just in time for the busy summer season and people who have been mostly cooped up at home for the past year decide to travel again.
Plenty could go wrong between now and May first. A vaccine could have manufacturing issues, distribution problems, low participation rates, serious unforeseen side effects, or the more typical risks that are always present like natural disaster or geopolitical conflict, which could hurt a recovery.
Right now Jetblue is sitting on $2.8 billion in cash, can take another billion in CARES Act loans and management has stated they have other options to raise cash if required. So while there will likely be more debt to pay back, there's a high probability of a strong recovery on the horizon and jetblue has the liquidity to get to that point.
12-01-2020 | 12:05 PM
#9953
Line Holder
Joined: Dec 2009
Posts: 302
Likes: 1
From: 1Durrty5
hahaha a strike fund? Yes yes covid for a year and then hey boys and girls I know we can all start working again, but we should strike now. Stiff it to the company for not giving us more money and better work rules. We should totally kick the dog a few more times. Just saying
A strike fund is leverage against the company if they choose not to negotiate in good faith. A financially healthy pilot group is one that can negotiate more effectively. Developing good financial habits and a healthy savings account takes time. While most of us aren't working or earning as much as pre-covid, now is a pretty good time to develop or improve those skills and focus on saving money for the reasons I mentioned before.
Nowhere did I come remotely close to calling for a strike. Rather, all I suggested was for pilots concerned with the prospect of a furlough come May 1, that focusing on saving extra money each paycheck can be seen as a strategic decision to start or boost a strike fund if we don't furlough next spring.
12-01-2020 | 12:45 PM
#9954
Line Holder
Joined: Jul 2011
Posts: 1,040
Likes: 0
From: CA
Okay, you've completely missed the point I made.
A strike fund is leverage against the company if they choose not to negotiate in good faith. A financially healthy pilot group is one that can negotiate more effectively. Developing good financial habits and a healthy savings account takes time. While most of us aren't working or earning as much as pre-covid, now is a pretty good time to develop or improve those skills and focus on saving money for the reasons I mentioned before.
Nowhere did I come remotely close to calling for a strike. Rather, all I suggested was for pilots concerned with the prospect of a furlough come May 1, that focusing on saving extra money each paycheck can be seen as a strategic decision to start or boost a strike fund if we don't furlough next spring.
A strike fund is leverage against the company if they choose not to negotiate in good faith. A financially healthy pilot group is one that can negotiate more effectively. Developing good financial habits and a healthy savings account takes time. While most of us aren't working or earning as much as pre-covid, now is a pretty good time to develop or improve those skills and focus on saving money for the reasons I mentioned before.
Nowhere did I come remotely close to calling for a strike. Rather, all I suggested was for pilots concerned with the prospect of a furlough come May 1, that focusing on saving extra money each paycheck can be seen as a strategic decision to start or boost a strike fund if we don't furlough next spring.
12-01-2020 | 04:09 PM
#9955
Line Holder
Joined: Jul 2008
Posts: 529
Likes: 0
Okay, you've completely missed the point I made.
A strike fund is leverage against the company if they choose not to negotiate in good faith. A financially healthy pilot group is one that can negotiate more effectively. Developing good financial habits and a healthy savings account takes time. While most of us aren't working or earning as much as pre-covid, now is a pretty good time to develop or improve those skills and focus on saving money for the reasons I mentioned before.
Nowhere did I come remotely close to calling for a strike. Rather, all I suggested was for pilots concerned with the prospect of a furlough come May 1, that focusing on saving extra money each paycheck can be seen as a strategic decision to start or boost a strike fund if we don't furlough next spring.
A strike fund is leverage against the company if they choose not to negotiate in good faith. A financially healthy pilot group is one that can negotiate more effectively. Developing good financial habits and a healthy savings account takes time. While most of us aren't working or earning as much as pre-covid, now is a pretty good time to develop or improve those skills and focus on saving money for the reasons I mentioned before.
Nowhere did I come remotely close to calling for a strike. Rather, all I suggested was for pilots concerned with the prospect of a furlough come May 1, that focusing on saving extra money each paycheck can be seen as a strategic decision to start or boost a strike fund if we don't furlough next spring.
12-04-2020 | 08:13 AM
#9956
facing forward
Joined: Sep 2006
Posts: 290
Likes: 0
From: forward facing stick actuator
JetBlue Latest and Greatest
Seeing 50/50 for BOS 220 Bid
Open Dec 8
If we furlough in May I don’t see it going past the 600-900 range. If it goes north of that the airline might not recover.
The aircraft deliveries are still coming just reduced the number slightly. What has me concerned is not getting LHR. How do run the Int’l op with three birds. Where do you keep the spare? Keep it state side or keep it in London. At least if you got 4 you could keep one in each country.
London flying starts next year and there is no bid out for it yet either. The training department isn’t that fast at getting guys on the schedule.
Sent from my iPhone using Tapatalk
Open Dec 8
If we furlough in May I don’t see it going past the 600-900 range. If it goes north of that the airline might not recover.
The aircraft deliveries are still coming just reduced the number slightly. What has me concerned is not getting LHR. How do run the Int’l op with three birds. Where do you keep the spare? Keep it state side or keep it in London. At least if you got 4 you could keep one in each country.
London flying starts next year and there is no bid out for it yet either. The training department isn’t that fast at getting guys on the schedule.
Sent from my iPhone using Tapatalk
12-04-2020 | 08:23 AM
#9957
Gets Weekends Off
Joined: Mar 2020
Posts: 537
Likes: 0
Seeing 50/50 for BOS 220 Bid
Open Dec 8
If we furlough in May I don’t see it going past the 600-900 range. If it goes north of that the airline might not recover.
The aircraft deliveries are still coming just reduced the number slightly. What has me concerned is not getting LHR. How do run the Int’l op with three birds. Where do you keep the spare? Keep it state side or keep it in London. At least if you got 4 you could keep one in each country.
London flying starts next year and there is no bid out for it yet either. The training department isn’t that fast at getting guys on the schedule.
Sent from my iPhone using Tapatalk
Open Dec 8
If we furlough in May I don’t see it going past the 600-900 range. If it goes north of that the airline might not recover.
The aircraft deliveries are still coming just reduced the number slightly. What has me concerned is not getting LHR. How do run the Int’l op with three birds. Where do you keep the spare? Keep it state side or keep it in London. At least if you got 4 you could keep one in each country.
London flying starts next year and there is no bid out for it yet either. The training department isn’t that fast at getting guys on the schedule.
Sent from my iPhone using Tapatalk
Doubt there will be a long training event for the small cadre of people doing it as most will likely come from the bus already. And if they don’t start revenue flights til August, they probably won’t need to put the bid out for a while. They said Q1...should be plenty of time.
12-04-2020 | 08:26 AM
#9958
facing forward
Joined: Sep 2006
Posts: 290
Likes: 0
From: forward facing stick actuator
We’ll see. There are guys with cancellation and displacement rights. I don’t see this going senior. Many of the senior guys I have flown with have been there and done that and don’t want to do it again. They also don’t any to deal with the bleep show it may be in the beginning. It very well could be 15-17 hour 3 day trips with 2 red eye legs.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
12-04-2020 | 08:36 AM
#9959
SDQ Base Chief
Joined: Mar 2006
Posts: 6,051
Likes: 33
From: 320 CA
Where do you keep the spare? Keep it state side or keep it in London. At least if you got 4 you could keep one in each country.
London flying starts next year and there is no bid out for it yet either. The training department isn’t that fast at getting guys on the schedule.
=12pt
London flying starts next year and there is no bid out for it yet either. The training department isn’t that fast at getting guys on the schedule.
=12pt
Additionally the company is presenting the finalized ETOPS plan to the FAA next week, and will have a tabletop exercise early spring. If that goes well I could see a bid happening shortly after. I don’t think there is any immediate need for an ETOPS supp bid since training will be relatively minimal and service won’t start til back half of 2021.
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