AirTran737 From United States of America, joined Apr 2004, 3724 posts, RR: 11 Posted (9 years 3 months 1 day 19 hours ago) and read 2865 times:
An excerpt from the article
Analysts agree that JetBlue's problems stem from an aggressive expansion plan that has run into headwinds, such as high fuel prices, fierce competition and some bad decisions when choosing new markets. Several have placed a "sell" or equivalent rating on the company's stock.
"Since we're not making money, I think there is skepticism that is out there and it is legitimate skepticism," said John Owen, JetBlue's chief financial officer.
While 2006 is expected to be an unprofitable year for six-year-old JetBlue, the discount carrier aims to minimize the red ink by flying more short-haul routes (to save on fuel), serving airports with fewer rivals and raising fares.
CEO David Neeleman said another option on the table is to scale back JetBlue's rapid growth plan, which includes orders for more than 180 new planes worth approximately $7.5 billion.
JetBlue, which recorded its first-ever quarterly loss of $42 million in the October-December period, is expected to report a loss of almost $33 million for the first quarter, according a survey of analysts by
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
Evan767 From United States of America, joined Aug 2005, 2957 posts, RR: 2
Reply 2, posted (9 years 3 months 1 day 15 hours ago) and read 2671 times:
Quoting AirTran737 (Thread starter): CEO David Neeleman said another option on the table is to scale back JetBlue's rapid growth plan, which includes orders for more than 180 new planes worth approximately $7.5 billion.
What the hell does that mean?
The proper term is "on final" not "on finals" bud...