Chepos From Puerto Rico, joined Dec 2000, 6311 posts, RR: 10
Reply 6, posted (14 years 3 weeks 8 hours ago) and read 2326 times:
Everyone is being affected by the tragic events that occured during Sept 11., 2001. Some more than others hopefully JetBlue will not suffer as much as others that are going through very difficult times.
SegmentKing From , joined Dec 1969, posts, RR:
Reply 7, posted (14 years 3 weeks 8 hours ago) and read 2310 times:
well I've heard from some friends who are flight attendants that loads have been quite aweful... some flights have only had 30 people on them... and at $150 r/t to NYC from Florida, there is NO way they are breaking even.
Even the recession-proof Southwest is making cut backs.
Only problem with JetBlue is that everyone here keeps ASSUMING they have all this capital... how do you know they haven't spent most of it so far?!?!?!?!?!
JetBlueRules From , joined Dec 1969, posts, RR:
Reply 8, posted (14 years 3 weeks 4 hours ago) and read 2276 times:
jetBlue has been affected, yes. They have cut some flights, had lower loads, but haven't cut employees yet. They haven't been affected as much as the majors in my opinion because:
**They have awesome service for low fares!
**They are not as well known as the majors, and therefore, most people have a pretty good attitude towards them when first hearing about them, unlike the well-known majors with lots of bad stories.
**They are still in the reputation-building stage, and so far, the intelligent people behind the whell haven't done anything to screw that up.
Lowfareair From , joined Dec 1969, posts, RR:
Reply 9, posted (14 years 2 weeks 6 days 23 hours ago) and read 2261 times:
>>how do you know they haven't spent most of it so far?!?!?!?!?!<<
How do you know they have?
>>and at $150 r/t to NYC from Florida, there is NO way they are breaking even.<<
It's been reported that they have CASM's of about $.06-$.07. AirTran's was $.097, yet they still had a net margin of about 15% in 2Q2000 while offering those $150 r/t from NYC-Florida.
From what I hear all the time, some DL, UA, etc. 747/777 flights have had even less than 30 pax. BEFORE 9/11. Plus, if 30 people is the lowest you can get, then that means that they have to be doing better than that.
If I remember correctly, on Thursday DL's load factor leader Thus. was BWI at 57%.
SegmentKing From , joined Dec 1969, posts, RR:
Reply 10, posted (14 years 2 weeks 6 days 22 hours ago) and read 2248 times:
I'm talking about RIGHT NOW.
I've ran a lot of tickets for travel 3-7 days from now, and before 11 Sept, the fares would have been in the $300 range, but now I'm able to sell and PRICE from the lowest fare buckets.
JetBlue is being affected just like everyone else... and since they ARE private, they don't have to tell *anyone*, not a single soul, how good or bad they are doing.
And FYI, United hasn't ran a 747 with only 30 people in the past few days. United has historically just cancelled the flight if it's that bad. Friends who are management at ORD said that they've sent out a few flights full, but the vast majority are 50 to 70% full.
Everyone is just nervous right now... lets hope all the airlines can ride this storm out....
Critter592 From , joined Dec 1969, posts, RR:
Reply 12, posted (14 years 2 weeks 6 days 18 hours ago) and read 2222 times:
JETBLUE HAS PLENTY OF MONEY!!!!!!!!! I Talked to David Neeleman Personally. He says they have more than enough money, plus when that is gone, he has an emergency fund that will help. For all of you jetBlue Haters. SORRY TO BUST YOUR BUBBLE!!!!!!
Wingman From Seychelles, joined May 1999, 2610 posts, RR: 7
Reply 15, posted (14 years 2 weeks 6 days 16 hours ago) and read 2189 times:
I have no emotional ties to this airline whatsoever. They can either take over the world or go bankrupt and I wouldn't care too much. So let me tell you objectively that the finance management team at JB is shitting its pants. Anyone here who thinks they are not affected in a very major way right now is completely naive. This airline is based out of JFK for Christ's sake! And in case you haven't read the news lately, there ain't much traffic going in and out of JFK these days. On top of that, this airline is not publically traded, so no one anything about their condition except what JB feels like telling you. Southwest hasn't laid off anyone either and they have the strongest balance sheet out there. Nevertheless, they are also being dramatically affected, so I can guarantee you that JB's superior cash position will help them short term, but if this goes on for another 2-3 months they will be in a world of hurt.