neubyfly

Oct. 18, 2011, 5:30 p.m. EDT

JetBlue Announces CFO Leadership Change

NEW YORK, Oct. 18, 2011 /PRNewswire via COMTEX/ -- JetBlue Airways /quotes/zigman/87304/quotes/nls/jblu JBLU -2.38% today announces the resignation of Ed Barnes, Chief Financial Officer. Mr. Barnes joined JetBlue in 2006 as Vice President, Cost Management and Financial Analysis, and was promoted to CFO in 2008. Mark Powers, Treasurer, will serve the company as CFO effective immediately for an interim period as the company conducts a search for a new CFO. Mr. Powers joined JetBlue in 2006 as Treasurer and Vice President Corporate Finance. He was promoted to Senior Vice President Treasurer in 2007.

What

I was referring to the financial reports that will come out tomorrow morning, the ones that could get people hired, and maybe the guy from the post above hired. It might be an interesting morning. Not holding my breath with regards to the contract, like you said it will happen when it will happen and talks are not set to resume until later in the week.

N9373M

Obviously the AA crowd was not interested in underboob and thongs, so I did some serious thinking the last month and came to this conclusion.

No need to thank me guys, no hard feelings

The Chow

NOOOOOOOOOOOOOOOOO

Please post as much thong and underboob as possible.

I need to figure out how to post pictures and YouTube clips.

COME BACK 73M

babs

I think these guys were my FA's last month.

CaptCoolHand

What What said... The golden parachutes that "talented" managers hold are far more expensive than sending pilots to transition training.

Something else that's really expensive: Restricting a seniority based employee to a lower paying plane... He may not be getting paid, but the company will be paying. alla USAir: turn three, we must be safe all the way there, we may lose a EDG. In laymans terms don't mess with the guy who controls your highest cost "fuel".

Martin404

CFO resigns 1 week before earnings conference call and not a peep out of CNBC on the issue. (I watched or listened most of the day.) Jetblue must be putting a big muzzel on the press.

90 min after the above press release the company comes out and says they knew about his departure. Really? Why not wait two weeks and come out with quiet "He's going to spend time with his family" and "Won't be leaving until the end of the year to provide a smooth transition" type of press release. No, it's he's out of here!

The guy quit....

Going to be a great call next week!

Marty!!

Clear Right

I thought this thread was about AMR, but I will take a stab at answering your post. I have absolutely no facts to confirm this post, so this is total speculation. That being said, I think the earnings call will be much better than you think. My guess (and again this is a guess) is that the CFO has been shopping for a higher paying corporate gig and was hoping JetBlue would give him a big paycheck for his success in getting the finances at B6 to be one of the best balance sheets in the industry.

B6 has been very successful at keeping managements pay, fair and reasonable. It is one of the reasons IMO that the airline has stayed non-union. You just don't see a bunch of management types at B6 with the big fat "legacy" style bonus checks going to management, and my guess is he wanted more money, but was respectfully turned down. Again, just a guess not based on fact, but isn't that most of what is discussed here anyway.

HercDriver130

+1..............

Mink

Not very surprising, but the latest intel is negotiations still hung up on scope and pay. AMR wants code share with JB at NYC, and has offered no pay raise.

I'm sure a new contract is just around the corner...