airtran737
Posts: 3239
Joined: Mon Apr 05, 2004 3:47 am

In Search Of Profits, JetBlue Hit With Delays

Sat Apr 08, 2006 4:59 am



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
 
airtran737
Posts: 3239
Joined: Mon Apr 05, 2004 3:47 am

RE: In Search Of Profits, JetBlue Hit With Delays

Sat Apr 08, 2006 8:48 am

I should have posted the link.

http://msnbc.msn.com/id/12172302/

sorry

filler
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
 
Evan767
Posts: 2198
Joined: Wed Aug 24, 2005 10:52 am

RE: In Search Of Profits, JetBlue Hit With Delays

Sat Apr 08, 2006 9:23 am

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...
 
ChiGB1973
Posts: 1394
Joined: Mon Mar 22, 2004 6:39 am

RE: In Search Of Profits, JetBlue Hit With Delays

Sat Apr 08, 2006 9:29 am

Too much too fast. B6 will feel/hurt from this for years. Straying from the original plan. tsk, tsk

Blame it on fuel, blame it on delays, but it really rests on what I just said.

M
 
supa7E7
Posts: 1360
Joined: Fri Aug 27, 2004 2:05 am

RE: In Search Of Profits, JetBlue Hit With Delays

Sat Apr 08, 2006 10:29 am

Quoting ChiGB1973 (Reply 3):
Straying from the original plan

Their original business plan is outdated now. Now either they show they can swim with the sharks, or not. We'll see. The E190 was a great move.
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