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Jetblue's Prices Are Skyrocketing  
User currently offlineAIRBUSRIDER From United States of America, joined Nov 2004, 208 posts, RR: 1
Posted (8 years 4 months 2 weeks 4 days ago) and read 10644 times:

Has anyone seen Jetblue's prices lately? They are just about double what they used to be. Does anybody think they will ever have fares close to the way they used to be again?


No Officer, I am not a Terrorist !
68 replies: All unread, showing first 25:
 
User currently offlineLowecur From United States of America, joined Jan 2005, 585 posts, RR: 0
Reply 1, posted (8 years 4 months 2 weeks 4 days ago) and read 10594 times:

Quoting AIRBUSRIDER (Thread starter):

It's the bucket system and it will work to bring Jetblues yields into line. Jetblue has traditionally always carried a large numbers of seats in their low fare buckets. These seats were gobbled up, and very few seats remained for high yield short term bookings the last week before flt time. Those seats are being systematically reduced and carried forward for purchase by these short term bookers. Carriers make their money on short term purchases by business travelers, and emergency travel from the leisure group. Jetblue will get their share of this business as they still are very competitive on these short term bookings.

[Edited 2006-04-19 22:43:37]

User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 4 months 2 weeks 4 days ago) and read 10514 times:

No, it's because B6 needs desperately to return to profitability and has decided that capacity dumping and roundtrip fares across the USA for less than $200 won't get them there, esp. since they have NO FUEL HEDGES but could have bought them.

Those who say that DL dumped capacity into NYC need only look at a schedule and see that B6 has easily twice as much capacity as DL ever had - and DL has been flying many of the same JFK markets back when Neeleman was still in diapers.

The low fare party is over for NYC. B6 rethought its strategy at the same time that DL has pulled alot of capacity out its NYC markets - and there is not enough capacity on the ground or in the air for significant LFC expansion in NYC again.


User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17450 posts, RR: 46
Reply 3, posted (8 years 4 months 2 weeks 4 days ago) and read 10495 times:

JetBlue must have realized that all that "irrational pricing" was actually just their own revenue management  Silly.


E pur si muove -Galileo
User currently offlineAirwave From United States of America, joined Mar 2006, 1117 posts, RR: 3
Reply 4, posted (8 years 4 months 2 weeks 3 days 23 hours ago) and read 10428 times:

Quoting AIRBUSRIDER (Thread starter):
Has anyone seen Jetblue's prices lately? They are just about double what they used to be.

Good! Perhaps profitablity will follow in due time.

Quoting AIRBUSRIDER (Thread starter):
Does anybody think they will ever have fares close to the way they used to be again?

Perhaps, but not likely. I think it's much more preferable to have fares that are in line with (and above) expenses than it is to have firehouse fare sales that damage the balance sheet and risk the airline going into Chapters 7 or 11. I think the flying public is aware of why ticket prices are going up, and I doubt that their thinking will change much--that it's still several factors cheaper to fly (long distances) than it is to drive. As long as they're not being gouged, people will continue to fly with their preferred airline--which for many people is now jetBlue, thanks to a half-decade of remarkable (customer) service.

Quoting Lowecur (Reply 1):

 checkmark 

Quoting MaverickM11 (Reply 3):
JetBlue must have realized that all that "irrational pricing" was actually just their own revenue management

Very well put.

Airwave  eyebrow 



When you do things right, people won't be sure you've done anything at all.
User currently offlineAIRBUSRIDER From United States of America, joined Nov 2004, 208 posts, RR: 1
Reply 5, posted (8 years 4 months 2 weeks 3 days 23 hours ago) and read 10428 times:

I guess the old days of $99.00 each way to the West Coast from NY are over and that is a real shame. We have those greedy Oil people to thank for this because I think that if fuel was still reasonable, B6 would not need to jack up their prices as much. And we all know that these fuel prices are here to stay and can only get worse. Less people will be flying B6 as good as they are because they were spoiled with those great deals and pax that don't understand or know the reasons for the fare hike are going to be less loyal to B6 thinking that this was a setup all along..........The "Jetblue Experience" will now cost you $$$$$$$$$$ !!!


No Officer, I am not a Terrorist !
User currently offlineH53Epilot From Israel, joined Mar 2004, 177 posts, RR: 2
Reply 6, posted (8 years 4 months 2 weeks 3 days 23 hours ago) and read 10345 times:

Quoting AIRBUSRIDER (Reply 5):
I guess the old days of $99.00 each way to the West Coast from NY are over and that is a real shame. We have those greedy Oil people to thank for this because I think that if fuel was still reasonable, B6 would not need to jack up their prices as much. And we all know that these fuel prices are here to stay and can only get worse. Less people will be flying B6 as good as they are because they were spoiled with those great deals and pax that don't understand or know the reasons for the fare hike are going to be less loyal to B6 thinking that this was a setup all along..........The "Jetblue Experience" will now cost you $$$$$$$$$$ !!!

Why is it all of a sudden is it the "Greedy Oil People?" What about the greedy airplane makers, or the greedy pilots who make $150 a year or the greedy passenger who only paid 99 to the West coast? In 1998 when oil was $10 a barrel, few people called the airlines greedy. So it will cost $400 to fly from NYC to FLL. That's still a better deal than driving there in 2 days, is it not?


User currently offlineJerseyguy From United States of America, joined Oct 2005, 1982 posts, RR: 0
Reply 7, posted (8 years 4 months 2 weeks 3 days 23 hours ago) and read 10306 times:
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Quoting H53Epilot (Reply 6):
So it will cost $400 to fly from NYC to FLL. That's still a better deal than driving there in 2 days, is it not?

If it cost $400 to fly NYC-FLL, I'm driving and I bet you a family of 4 will be too. They can't justify $1600 in airfare for their Florida vacation when it would cost them maybe $400-500 to drive

I highly doubt that NYC-FL will rise to $400RT. Maybe $250-275 tops



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User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 8, posted (8 years 4 months 2 weeks 3 days 21 hours ago) and read 10065 times:

people are paying $500 and more for a roundtrip to Florida now. Not every passenger but the LOWEST nonsale fares are already over $200. Higher end fares go up from there. And, in case you haven't been in any NYC airports this spring, flights are still full.

User currently offlineH53Epilot From Israel, joined Mar 2004, 177 posts, RR: 2
Reply 9, posted (8 years 4 months 2 weeks 3 days 21 hours ago) and read 10036 times:

Quoting Jerseyguy (Reply 7):
If it cost $400 to fly NYC-FLL, I'm driving and I bet you a family of 4 will be too. They can't justify $1600 in airfare for their Florida vacation when it would cost them maybe $400-500 to drive

Add 2 hotel rooms each night both ways, food, car wear and tear, the fact that you had to take 4 more days off from work, let's see, what else did I forget, and you can easily be in the neighborhood of 400 per ticket. Now, what's the cost of everyone p'oed at each other after spending 32 hours in the car during your annual vacation?
You WILL see most prices be closer to $500 than $300 NYC-FLA very soon. People better get used to it.


User currently offlineJerseyGuy From United States of America, joined Oct 2005, 1982 posts, RR: 0
Reply 10, posted (8 years 4 months 2 weeks 3 days 20 hours ago) and read 9963 times:
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If NYC-FL is going to cost $350-450? Dare, I ask what a transcon will cost?

$800-1000? Higher?



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User currently offlineRwSEA From Netherlands, joined Jan 2005, 3097 posts, RR: 2
Reply 11, posted (8 years 4 months 2 weeks 3 days 20 hours ago) and read 9963 times:

Quoting AIRBUSRIDER (Reply 5):
Oil people to thank for this because I think that if fuel was still reasonable, B6 would not need to jack up their prices as much

Oil is a finite resource that won't be around forever. As we use more and more of it, it will continue to get more expensive. Do you honestly think $1.50/gallon for gas and $45 a barrel for oil will continue your entire your life.


User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 12, posted (8 years 4 months 2 weeks 3 days 20 hours ago) and read 9902 times:

Quoting JerseyGuy (Reply 10):
If NYC-FL is going to cost $350-450? Dare, I ask what a transcon will cost?

$800-1000? Higher?

B6 is the only carrier that is still clinging to the $299 cap for transcons, if I am correct. WN now has transcon fares over $299 and part of DL's reason to transition out of Song was because they quickly realized the $299 cap left alot of money on the table - something AA, CO, and UA have known for years.


User currently offlineLowecur From United States of America, joined Jan 2005, 585 posts, RR: 0
Reply 13, posted (8 years 4 months 2 weeks 3 days 20 hours ago) and read 9830 times:

Quoting RwSEA (Reply 11):
Oil is a finite resource that won't be around forever. As we use more and more of it, it will continue to get more expensive. Do you honestly think $1.50/gallon for gas and $45 a barrel for oil will continue your entire your life.

Prices for most things are supply and demand, except the futures market controlled by commodity traders. There is no doubt in my mind the volatility and price driven demand today is controlled by Hedge Funds. Their bread and butter are markets with high speculation and fear. They do not speculate or fear it because they control the momentum going both ways with huge amounts of cash from some of the richest people and institutions in the world.

The commodity markets will eventually reach their zenith as in the end the consumer will reach the saturation point on what they will spend. It will probably accompanied by a world wide recession or depression, as greed has no conscience. Alternative creations along the way will siphon off a good percentage of demand and eventually stability in price will exist again, but unfortunately only the rich will be the ones laughing all the way to the bank.

The world needs a breather and I look for that to happen when a few Chinese Banks bite the dust. How's that for speculation?


User currently offlinePanAm330 From United States of America, joined Mar 2004, 2673 posts, RR: 9
Reply 14, posted (8 years 4 months 2 weeks 3 days 19 hours ago) and read 9725 times:

Well, I just paid $109+ tax (totaling $129.60) for SYR-JFK-MCO one-way on May 3rd. Not too shabby, if you ask me. There were flights available for anything from $89+ to $129+, depending on the times.

User currently offlineIncitatus From Brazil, joined Feb 2005, 4009 posts, RR: 13
Reply 15, posted (8 years 4 months 2 weeks 3 days 19 hours ago) and read 9681 times:

Quoting RwSEA (Reply 11):
Oil is a finite resource that won't be around forever.

While I agree with this statement, it has nothing to do with the current price spike. It costs a buck or two per barrel to get oil out of Saudi Arabia and there are lots and lots of places where oil can be extracted at less than $25 per barrel. If the West knew with certainty that oil is going to be above $70/barrel over the long term, there would be massive investment in much cheaper alternative sources of energy.

I think an oil crisis will occur every few decades as power sways back to producers and then consumers wake up to their oil dependency and invest in exploration and alternatives.



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User currently offlineSaturn5 From United States of America, joined Apr 2006, 313 posts, RR: 0
Reply 16, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9571 times:

My daughter is in college in NYC while we live in Oakland, California. Her first trip to NY in the fall of 2005 was on JetBlue - at the time it had best prices. All subsequent trips she made home for holidays were done either on American, Delta or United. They were significantly cheaper than JetBlue.

User currently offlineAIRBUSRIDER From United States of America, joined Nov 2004, 208 posts, RR: 1
Reply 17, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9439 times:

The moral of the story: Once again and as usual, we PAY!!!!! $$$$$$


No Officer, I am not a Terrorist !
User currently offlineAirwave From United States of America, joined Mar 2006, 1117 posts, RR: 3
Reply 18, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9340 times:

Quoting AIRBUSRIDER (Reply 17):
The moral of the story: Once again and as usual, we PAY!!!!! $$$$$$

As well we should. Market forces much stronger than consumer opinion are driving prices of everything up and airline tickets are no different. The consumer is *supposed* to pay for things--that's how a market economy works! As long as the prices are in line with the greater trends of supply and demand, I see nothing wrong with increases in price.

I don't know about you, but if ~$40 extra for a seat on B6 is the difference between their survival and extinction, I have no problem paying it--better to give it to an airline with superior service than to a legacy with subpar service for ~$150 more.

Airwave  eyebrow 



When you do things right, people won't be sure you've done anything at all.
User currently offlineDLX737200 From United States of America, joined May 2001, 1905 posts, RR: 19
Reply 19, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9340 times:

I recently booked TPA-JFK-TPA for $198 roundtrip. Not too shabby. However, I remember about a year or two ago, it being as low as $130 MCO-NYC-MCO on Spirit, Jetblue, Song, and more. I'd rather pay more to keep a good airline around rather than lose them to $19 one way fares like Independence did. I really enjoyed that airline but look what those low fares did to them. I don't want to see the same thing happen to others like Jetblue.

-Justin


User currently offlineJetBlueAUS From United States of America, joined Apr 2006, 1145 posts, RR: 8
Reply 20, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9138 times:

Quoting Lowecur (Reply 1):
Carriers make their money on short term purchases by business travelers, and emergency travel from the leisure group. Jetblue will get their share of this business as they still are very competitive on these short term bookings.

Yes, last-minute booking definately helps a carrier out. Also, a lot of B6's planes are full, and the less seats = more money you pay for your ticket. Also, there are certain travel days when B6's fares are higher (The major travel days), this could also be a 'fare-skyrocket' reason. JetBlue's last minute purchases are helping them emerge from the red. JetBlue has had to raise fares, they have taken away the 'Save 5 dollars' when booking online, and overall risen their prices $10-20 dollars.

Quoting Airwave (Reply 4):
Good! Perhaps profitablity will follow in due time.

 checkmark 



Not all of us can be heroes, some of us can only stand on the sidewalk and clap as they go by.
User currently offlineSteeler83 From United States of America, joined Feb 2006, 9198 posts, RR: 20
Reply 21, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9001 times:

I guess those anounced start up fares for PIT at $64 and $79 or whatever won't last then... I don't care, they need to do whatever to remain profitable...


Do not bring stranger girt into your room. The stranger girt is dangerous, it will hurt your life.
User currently offlineAltairf28 From United States of America, joined Dec 2005, 147 posts, RR: 0
Reply 22, posted (8 years 4 months 2 weeks 3 days 18 hours ago) and read 9001 times:

My TPA-JFK outbound for May 17 was almost twice as much as May 2005 but I still considered it a bargain-$119 versus $69 (the return was $84). Good to see an LCC adopting a somewhat sane price structure for a change.
Speaking of which, I may try to fly standby on an earlier flight. Does B6 require an upgrade to full fare like WN does?



A detour is a choice between two tasks, each with its own pros and cons
User currently offlineFSPilot747 From United States of America, joined Oct 1999, 3599 posts, RR: 12
Reply 23, posted (8 years 4 months 2 weeks 3 days 17 hours ago) and read 8939 times:

Good. All these assholes that expect their Walmart lifestyle and bargain ticket prices are going to have to pay market price for their tickets. No airline can keep profiting and keep selling thrifty tickets.

User currently offlineN844AA From United States of America, joined Jul 2003, 1352 posts, RR: 1
Reply 24, posted (8 years 4 months 2 weeks 3 days 17 hours ago) and read 8757 times:

Quoting FSPilot747 (Reply 23):
All these assholes that expect their Walmart lifestyle and bargain ticket prices are going to have to pay market price for their tickets.

Wouldn't "Walmart lifestyle" be precisely the definition of "bargain ticket prices"?

In any event, I don't get your hostility.



New airplanes, new employees, low fares, all touchy-feely ... all of them are losers. -Gordon Bethune
25 Post contains images JetBlueAtJFK : Well I think prices need to be raised to be able to still operate at B6, it is for the better and I think the extra $20 or so added on to prices which
26 PSA727 : Are they really skyrocketing? Or are they now at a level which they should be set at? I remember around 1990, if you could get a roundtrip flight betw
27 CRGsFuture : Again as someone said flights are still full. Passengers both leisure and business are realizing how expensive everything is and that they should be a
28 Post contains images H53Epilot : While you buy your $499 computer or $15,000 Japanese car. Have you ever bought anything that has been made in Taiwan or Japan? It's called CAPITALISM
29 SCCutler : Well-said.
30 Steeler83 : Maybe "skyrocketing" would be a little bit of a strong word to use. They are considerably raising fares, nonetheless, to increase profits, but it's no
31 Pdpsol : Incitatus, I echo SCCutler's comment; the current price of crude does NOT reflect the MARGINAL COST [plus, capital cost] of the commodity's productio
32 Saturn5 : Depending what routes and what's the time frame for comparsion. On the JFK-OAK route the prices practically doubled since about 8 months ago. So it i
33 Post contains images CLOUDY : The long term rise in prices are caused by 2 main factors, and these factors are unlikely to change for a decade or more.... 1. Heavy demand in China
34 IH8B6 : EXACTLY! It's about time this happened. Finally. The "irrational pricing" was JetBlue irrationally pricing fares below what they should be to cover c
35 Post contains images AIRBUSRIDER : Thank you all for all of the input. I would not want to see B6 end up like Independance and I will get used to these fares I guess. I think the reason
36 MAH4546 : To fly MIA/FLL/PBI-JFK during peak periods can often cost as much as $500-$600 round-trip, especially to MIA and PBI. Not the money drainer everyone
37 Goingboeing : No, the "irrational pricing" was the bankrupt carriers pricing below the "irrational price" of JetBlue. Note one of the above posts about OAK-JFK...t
38 Par13del : Is there a "formula" at work here for B6. Yes they have recently changed their "yield management", but as their supporters on this site will testify,
39 BNinMSY : Fuel at an all-time high .. the airlines have to cover or I should say cover the cost of business - they cannot subsidize the flying public's irration
40 Par13del : To BNinMsy reply 39, are you saying that it was the public who forced B6 into those low fares, or that their business was not making money when they w
41 Post contains images B742 : Jetblue seems to be so expensive compared to European and Asian LCC's fares! I tried to book a flight from London to the US, then to connect onto JetB
42 Post contains images B777A340Fan : Hahaha....I commented the exact same thing the other day I was booking a flight from IAD to So. CA for my dad and after taxes and fees, it quoted $430
43 Leothedog : Perhaps Jetblue finally figured out that "Selling below cost and making it up on volume" doesn't work.
44 Goingboeing : So when do you think the legacies will catch on? The post just above yours indicated that they found a fare on United for $301. Now...according to Un
45 WN57787 : before 9/11 WN Cap of Transcon fairs was 399 plus tax each way. after 9/11 droped it to 299 plus tax each way. just recently thay added 10 each was f
46 DAYflyer : Its pretty obvious that a lack of fuel hedges are hurting all the airlines that are without them.
47 Warren747sp : Did they have a deal that they can defer payment to Airbus for the first couple of years?
48 PanAm330 : It's actually $30 now. Looks like the fares aren't the only items being raised.
49 Post contains links Pmg1704 : Oh, I don't know, maybe it's the $10 billion in profits that Exxon earned in a single quarter last year? "...it's not just ExxonMobil that's raking i
50 Steeler83 : I thought I specified that some routes were only going up by $20, especially the shorter ones. The long-haul routes, like that one that you mentioned
51 Jeff G : I think so. As long as fuel goes back to $25 a barrel, sure. JetBlue was making double digit profit margins on those "below cost" fares. Have you not
52 Jeff G : No. IIRC, there is no fare change or fee for same day standby. If you wanted to confirm a seat on a different flight, fees would apply but if you wan
53 WorldTraveler : Well, legacy Delta has already raised the cap on Song above $299. And I can assure you they are selling $500 one-way tickets during these busy travel
54 Luv2fly : No not defered they got them free! This is a myth, pure and simple. Check out there stock info for complete details.
55 Goingboeing : Hmmm...that $299 fare cap for a round trip JFK-FLL brings them about 23 cents per mile...sounds like a profit to me. "Easy revenue" of double that, a
56 WorldTraveler : it certainly doesn't mean you can sell too many $299 fares but we all know that when NYers want to leave town, there is almost no limit to what at lea
57 JetBluefan1 : Believe it or not, JetBlue does. For 2Q06, JetBlue hedged 37% of its fuel needs at $68/barrel. These are actually called "caps", so they're not neces
58 Steeler83 : If the price of oil goes below 70 bucks/barrel, do you suppose they'll explore this option again and perhaps hedge more fuel when the time comes?
59 Post contains images Airwave : Actually, they're probably doing it now, with prices above $70/bbl because, if you look at the way the futures are trading, we may be stuck with pric
60 JetBluefan1 : Exactly. The June contract is trading at over $74/barrel as of this moment. I'd be willing to bet that not only B6 but several other airlines are hedg
61 Airwave : For everyone's sake, I hope so. Personally, I'd like to know what WN is doing, as they have hedges locked in for prices that are nearly half of curre
62 M404 : How about this for a thread title replacement JETBLUE FARES NOW REFLECT REALITY
63 Tango-Bravo : The near collapse of leading Asian economies in the mid-late 1990s caused a significant drop in oil demand which had a similar, albeit temporary, eff
64 Post contains images Airwave : Absolutely. If you're standing still and looking at ticket prices in absolute terms, of course they're going to seem like they're skyrocketing. But i
65 Sunking737 : My friend booked his family vacation from MSP to MCO on FL as it was the cheapest. I helped them surf the web for fares. AA wanted $6,800 for a family
66 Post contains images Airwave : Compared to what? That's really the issue. If you're saying no ultra-cheap fairs compared to a year ago,then you'd be right on the money. Market forc
67 Post contains images ExFATboy : Econ 101 time again - ANY fare you pay is a "market price", since someone has offered it in the marketplace. And B6 does not fit into a "Walmart" lif
68 Steeler83 : Another example is WN... Last fall into winter, one way fares were $39 one way, or $98.40 round trip with taxes and fees. Now, it is $59 one way, up
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