Jetblue movement...
#321
The article says about a 20% chance that AA/US will not go through. And even if bought by one of those carriers it isnt a certainty that we would be operate separately, but it still doesn't give me a warm fuzzy feeling to see in public articles that an acquiring carrier would have to decide if they should integrate us. We have very weak merger language, and no fragmentation language in the PEA, so it could be ugly.
#322
The article says about a 20% chance that AA/US will not go through. And even if bought by one of those carriers it isnt a certainty that we would be operate separately, but it still doesn't give me a warm fuzzy feeling to see in public articles that an acquiring carrier would have to decide if they should integrate us. We have very weak merger language, and no fragmentation language in the PEA, so it could be ugly.
They don't really consider the business side of things. I have to say though, a lot of JetBlue Pilots can fly a kick a$$ ILS.
And, instrument approaches are a big part of what we do. So that's good.
JJ
#323
JetBlue Pilots don't think it will happen. They seem to "believe" management wouldn't let it happen to them. They simply believe Management are nice guys and really care.
They don't really consider the business side of things. I have to say though, a lot of JetBlue Pilots can fly a kick a$$ ILS.
JJ
They don't really consider the business side of things. I have to say though, a lot of JetBlue Pilots can fly a kick a$$ ILS.
JJ
The "airline within an airline" concept has been tried and failed many times (remember Ted/United, Song/Delta, etc) so if anyone bought us I can't see a reason for them to operate jetblue separately for any length of time. The only reason to do this would be to slowly siphon off our routes as the acquiring carrier gets new aircraft and hires replacements.
So to integrate? Or not (and siphon flying)?
Lets say AA buys jetblue. We have no contractual obligation to be integrated, so it is purely a financial decision. If jetblue is stapled and everyone is at year 1 pay then it would make sense to integrate. If Barger were to somehow demand we all got DOH for pay purposes then it wouldn't make any sense to put all jetblue pilots through AA indoc/training and pay them higher salaries since they could hire off the street and get a year 1 guy much cheaper.
#324
Gets Weekends Off
Joined: Feb 2009
Posts: 1,007
Likes: 0
Hilarious watching the wage slaves 'one-up-manship' each other on who can predict how master is going to spend his money......
#326
We are all slaves in this business, whether we admit it or not. I enjoy trying to follow the industry and learning the nuts and bolts of what is going on. What's so wrong about that? I dont know anything more than you or the next poster on this thread.
#327
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
You can keep laying out words from your Embry Riddle Business Statistics textbook and make bold statements about JB having an unlimited ability to cover increased labor costs without slowing it's growth rate, but your statements are as accurate as Big Foots last known location.
It is almost impossible how stupid you would have to be to say that costs don't matter and won't change our ability to grow. Almost.
The company already slowed growth for the rest of this year over a MX increase of just 31 million dollars. 31 Million, that is LESS money than it would cost to give you the vacation system you want, so that a bunch of senior guys can get more summer vacation.... Changing ONLY our vacation would cost more than 31 million, and that was enough to slow our growth rate! That doesn't include higher pay rates, 321 pay, health insurance, disability, trip and duty rigs, work rules, reserve rule improvements, retirement, bonus plan..........
#328
Gets Weekends Off
Joined: Feb 2009
Posts: 1,007
Likes: 0
JetBlue Airways will be adding swanky, new premium seats on popular New York to California routes to keep loyal customers from flying other carriers, CEO Dave Barger told CNBC on Monday.
"We know that there are customers who are very loyal to JetBlue who weren't flying us ... from New York to San Francisco and LAX [Los Angeles International Airport] because of the lack of a premium product."
"We know that there are customers who are very loyal to JetBlue who weren't flying us ... from New York to San Francisco and LAX [Los Angeles International Airport] because of the lack of a premium product."
Unbelievable......
#329
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
No dog in the fight Blue, but you've posted a few times along these lines, and I'm just curious....
At what point would you personally want to push hard for an industry standard package? When JB has 300 A/C? 400? 500? When you get to 5000 pilots? 8000? Or some measure of profit be it dollar amount or percentage. IOW, how much would JB need to grow to meet your criteria? 'Til you make bus Captain?
And when that trigger is hit, what about the guys below you who want more growth, but you are tired of waiting because you've already been waiting 5,10,15 years?
At what point would you personally want to push hard for an industry standard package? When JB has 300 A/C? 400? 500? When you get to 5000 pilots? 8000? Or some measure of profit be it dollar amount or percentage. IOW, how much would JB need to grow to meet your criteria? 'Til you make bus Captain?
And when that trigger is hit, what about the guys below you who want more growth, but you are tired of waiting because you've already been waiting 5,10,15 years?
So, your question is when. First of all, I want more now. However, I want to be careful how much more and to be mindful of our ability to grow.
We are NOT as profitable as these guys pretend (a record for us is low compared to others). We are small compared to almost everyone, especially now with mega-mergers. We have a lower yielding imature network. We are vulnerable to aquisition. We have entire regions of the country that have NO idea who we are. We have an inept management team that is scared of their own shadow when it comes to growth and competition. We don't have large highly profitable widebody fleets. We don't have anything approaching a well rounded route map for key business travelers. We have a lot of debt. Our stock price is in the chitter. We have the smallest average aircraft guage of any of our competitors.
So yes, I want a more stable, more profitable, more secure JB before I demand pay and benefits in line with 5 of the largest airlines in the world, and one established regional powerhouse mega-profit generator.
Also, one of the problems here at JB is that we have NO retirements for 10-15 years. We do have a retirement bubble, but not until 10-15 years after everyone else. So I would also like for us to be closer to the seniority progression of other companies before we do something that WILL slow growth. That is only fair to the junior pilots here, since the senior guys already milked all the benefits of a growing airline with low labor costs.
It is a tough issue. I am pro-union, but am also concerned about my career here if our growth is slowed. And I will NOT sit silently while blow-hards tell me that labor costs simply don't matter, and that the company has an unlimited ability to pay ANY increase in labor costs, with no adverse consequenses whatsoever.
As much as these guys want to pretend we are, we are NOT Delta, United, AA, SW or even Alaska(have you seen their quarterly profits!?). We just aren't.
#330
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
We will have 11 aircraft with a first class. Eleven. Wow.... In addition, the aircraft will have 31 fewer seats, so it remains entirely to be seen if they actually NET more money or not.
Either way, you are a complete Jack-A@@ with your tone toward us. We are NOT the 2nd largest airline in the world. We do not have a worldwide fleet of widebody aircraft subsidizing our pay and benefits. We have not been around for 80 years, and we certainly did NOT make 500 million in profit in July alone.
We are working on unionizing, but it says more about you than us that you feel you need to demean us in this way.
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