Spirit Mulls Adding Smaller Jets
01-15-2019, 09:46 AM
#321
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Joined APC: Jul 2015
Posts: 775
Originally Posted by 3inthegreen
Well, if you call 255 airplanes with firm orders for 153 more plus a new fleet type rudderless sure. They also have a new contract far better than ours. We are the ones searching the ends of the earth for Airbus slots and used 319s. I’d say we are much more rudderless right now, as we celebrate WiFi with cake cutting ceremonies.
01-15-2019, 10:32 AM
#322
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Joined APC: Sep 2014
Position: Da Bus, Left
Posts: 1,510
Originally Posted by Super EZ E
Pist did you notice the stock price today? $17.17? Not good. Clearly wall street see an issue with JB. $17 a share qualifies as no rudder.
01-15-2019, 10:37 AM
#323
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Joined APC: Jan 2018
Posts: 1,788
Originally Posted by 3inthegreen
For the 3rd Quarter
Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.
We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million
JetBlue had a one time expense of $112 million in regards to refleeting the 190s.
JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.
Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.
We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million
JetBlue had a one time expense of $112 million in regards to refleeting the 190s.
JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.
I suspected there was some kind of one time payment that was made, but didn’t know what and said as much. Still, they have about the same cash reserves as NK and their stock is worth 1/3-1/4 as much.
They’re not about to fall to pieces or anything, but the answer you’d get by asking them what they want to be when they grow up would be helter skelter at the moment. Or, more succinctly, as the original poster suggested, rudderless.
01-15-2019, 11:44 AM
#324
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Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,228
Originally Posted by FNGFO
You don’t understand what is meant by niche. SWA has a very loyal customer base. It’s not because of the areas they serve. It’s the product they bring. B6 seems to be working to find what it will hang it’s hat on in the future.
I suspected there was some kind of one time payment that was made, but didn’t know what and said as much. Still, they have about the same cash reserves as NK and their stock is worth 1/3-1/4 as much.
They’re not about to fall to pieces or anything, but the answer you’d get by asking them what they want to be when they grow up would be helter skelter at the moment. Or, more succinctly, as the original poster suggested, rudderless.
I suspected there was some kind of one time payment that was made, but didn’t know what and said as much. Still, they have about the same cash reserves as NK and their stock is worth 1/3-1/4 as much.
They’re not about to fall to pieces or anything, but the answer you’d get by asking them what they want to be when they grow up would be helter skelter at the moment. Or, more succinctly, as the original poster suggested, rudderless.
I think much more meaningful is JB's market-cap compared to ours:
5.25B vs 4B, and we are half their size.
01-15-2019, 12:03 PM
#325
Gets Weekends Off
Joined APC: Jul 2015
Posts: 353
Originally Posted by 3inthegreen
For the 3rd Quarter
Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.
We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million
JetBlue had a one time expense of $112 million in regards to refleeting the 190s.
JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.
Our GAAP pre tax income was $96.5 million
JetBlue had a GAAP pre tax income of $68 million.
We had an adjusted pre tax income of $100.5 million.
JetBlue had an adjusted pre tax income of $180 million
JetBlue had a one time expense of $112 million in regards to refleeting the 190s.
JetBlue’s niche is the East Coast, the Caribbean, South America, the West Coast and they have a very loyal customer group in most of there markets. Seems like their rudder works just fine.
01-15-2019, 12:05 PM
#326
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Joined APC: Jan 2018
Posts: 1,788
Originally Posted by symbian simian
That is the least meaningful comparison, we could split our stock in four and it suddenly would be worth less than JB's.
I think much more meaningful is JB's market-cap compared to ours:
5.25B vs 4B, and we are half their size.
I think much more meaningful is JB's market-cap compared to ours:
5.25B vs 4B, and we are half their size.
01-15-2019, 12:09 PM
#328
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Joined APC: Jan 2018
Posts: 2,239
Originally Posted by FNGFO
Actually it’s a very apt comparison because it’s an indicator of Wall Street’s confidence in the company, and its fairly low with them.
01-15-2019, 12:11 PM
#329
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Joined APC: Jan 2009
Posts: 1,269
Spirit Mulls Adding Smaller Jets
Originally Posted by FNGFO
Actually it’s a very apt comparison because it’s an indicator of Wall Street’s confidence in the company, and its fairly low with them.
This isn’t true at all. I don’t know if we are confused and arguing different things but stock price means nothing. It’s the direction it’s going and the market cap. If Spirit puts out 100 stocks and they are worth $1 and JetBlue puts out 10 stocks worth $10 then the stocks are worth the same and they go up and down from there as the company performs or underperforms. Apple stock is at $150 and google is $1000. Does that mean google is worth 7 times as much as apple in your mind?
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