JP Morgan says Major Bankruptcies just a matter of "when" not "if"

[Superpilot92]

Ummm... JP Morgan as a COMPANY press release is a "news numbnut"?

They might have a teensy-weensy little bit of experience calling the market,,, then again, what's a few HUNDRED Billion in an investment bank.

I was calling the author of the article a "news numbnut" not JPMorgan. Putting NWA behind that whole list should be enough to discredit the author. Guess we shall see huh?

 

[McNugget]

Ummm... JP Morgan as a COMPANY press release is a "news numbnut"?

They might have a teensy-weensy little bit of experience calling the market,,, then again, what's a few HUNDRED Billion in an investment bank.

Easy. That's SuperPilot you're talking too. I mean, he/she must be really cool to have a screenname of superpilot.

Every smart person would chose "super" in the screename.

<yes, sarcasm intended>

 

[n757st]

And you're basing this on . . . your rejection letters? Or something your Flight Attendant boyfriend told you on your last layover . . . . because it sure isn't based upon any facts.

We now have $500 million in the bank, we're expecting a small profit in Q2, have the lowest non-fuel CASM of any major airline.

So, have yourself a nice little warm cup of STFU and better luck next time . . . .

PS., A "boarder" is someone who lives in someone else's house and pays rent- you know, kind of like you in your parent's basement . . . . a "border" is a dividing line. . . . . :laugh:

Wow, who pissed in your cheerios this morning. I am sure you are a pleasure to fly with. Do you ever get suspicious that people bid around you? They probably do. I never applied at AirTran not because I don't like the company but rather I have no desire to live in Atlanta. You guys have great pilots (sans you), and sure a low casm... I was just making the statement because I what I had read previously, I guess I forgot about the bonds/stock you guys put out there. Hope you all make it, I was not making a statement of ill will toward your company.

BTW, you like to correct spelling a lot. I am guessing you are a guard nazi too.... huh? Christ, and I thought the skywest fan boys were bad, you bring it to a new level.

 

[Superpilot92]

Easy. That's SuperPilot you're talking too. I mean, he/she must be really cool to have a screenname of superpilot.

Every smart person would chose "super" in the screename.

<yes, sarcasm intended>

Yeah because McNugget is so much better than Superpilot? Superpilot is a screenname on a *gasp* aviation forum, how silly of me.

McNugget is a "super" screename!!

(yes, sarcasm intended)

 

[whymeworry?]

Honestly guys,

Wake up and smell the conspiracy coffee. Jamie Baker and JP Morgan are in bed with mgmt. Who do you think they call when they need to raise capital? Wall Street. Mgmt is telling Baker they are in dire straits to prep us for a massive lowering of expectations. This part of a long-term strategy to reduce costs even further than we would've ever imagined possible in this business.

If JB is so right, what about his reports of 12 mos ago where he was predicting airlines to trade higher? Now that stock prices are down 75% from their highs he wants to come out and downgrade? It's a little too late.

All the legacys can pull down huge amounts of capacity if they need to, and they will if consumers don't pay up for the costs of fuel increases. So far, the passengers aren't balking at higher prices. But indeed it is only natural for demand to subside as prices climb. The only sliver of good news thus far is that point hasn't been reached yet. If oil hits $150-$200 perhaps we'll reach the price-point that cuts demand but the liklihood of it trading to $150 is a hell of a lot less than it trading back down below $100.

Baker is either way too late in making his downgrade recco or he's being manipulated by mgmt to lower all our expectations as we head further into the dark depths of this current crisis.

 

[AA717driver]

JP's shorting the airlines. I don't trust ANY financial institution to behave in an ethical manner these days.

BTW, a "boarder" is someone who engages in snow- or skateboarding. TC

 

[Uppercrust]

.

If any is on the boarder I would think Airtran or United.

:laugh::laugh::laugh::laugh:

 

[Uppercrust]

Wow, who pissed in your cheerios this morning. I am sure you are a pleasure to fly with. Do you ever get suspicious that people bid around you? They probably do. I never applied at AirTran not because I don't like the company but rather I have no desire to live in Atlanta. You guys have great pilots (sans you), and sure a low casm... I was just making the statement because I what I had read previously, I guess I forgot about the bonds/stock you guys put out there. Hope you all make it, I was not making a statement of ill will toward your company.

BTW, you like to correct spelling a lot. I am guessing you are a guard nazi too.... huh? Christ, and I thought the skywest fan boys were bad, you bring it to a new level.

Why do you think they have a low CASM??:laugh::laugh::laugh:

 

[waterski]

Jetblue below Airtran?

 

[Thunderchief]

A race analogy

Jetblue below Airtran?

For you race fans out there... the second place airline thru tenth place on that list is in a pack bumper to bumper, at least 100 laps down from the leader..SWA

What I'm saying is: don't read to much into who is ranked where on that list. If you don't work for SWA you should be worried and planning accordingly.

 

[Bringupthebird]

Looking at UAL and USAir, I think there are too many hubs out West, and IAD is very close to PHL. I just can't see what Parker sees....

Why does anyone think that hub proximity is relevant? Consolidating operations can only go so far. Many airports are unwilling to build the level of facilities necessary to accomodate one very large airline (ask PIT). And operating only A380's domestically is pretty unrealistic. So you will need to carry a large number of people to keep the revenue stream going (both UA and US are reporting fairly high load factors). That will necessitate multiple hubs to move the traffic. Why would UA close PHX and begin to oversaturate DEN with it's mixed bag of weather? Why not operate PHL and IAD instead of cramming everything into a rickety PHL operation?

The beef must keep moving!

 

[JetMonkey]

PHX is far less expensive to operate out of. Yes it's mostly leisure, but landing fees, weather, etc... Plus it's a growing O and D market.

 

[gt1900]

Actually... Alaska is doing pretty friggen good. They have a huge amount of money in the bank and they aren't in dept like JB and AAI. All the other airlines, its a toss-up.... Who the heck knows... But the guys at SWA and ALA are going to be ok..... For now...

 

[BLUE BAYOU]

Well, I hate to say it, but NWA and DAL both had plenty of cash before they went bankrupt together for 19 months. Alaska is doing great, however, Virgin America and Jetblue are starting competing routes. Even SWA took a $600 million loan out. Let's just face it, the airline industry isn't sick, it doesn't have pneumonia, its in a coma...

 

[Mikes Apartment]

Some "news" numbnut needed to get an article out so they made up some stupid list probably with little to no facts to back it up. NWA has some of the best financials in the industry, there is no question about it. That alone should be enough to discredit this "source".

Maybe they know something you do not. Don't you think they would "look into it" for their research? I would be interested to find out how they compiled that list.