For The Record

[jetblue320]

I know this subject has been beaten a lot but for the record, please note highlighted text below from CBS Newswatch web page:

JetBlue to buy 30 more Airbus A320 jets (JBLU, FR:005730, BA) By Steve Goldstein
LONDON (CBS.MW) -- Airbus late Thursday said that New York-based carrier JetBlue (JBLU) has ordered 30 new Airbus A320s. JetBlue currently flies 60 Airbus A320, 50 of which were purchased outright. Terms were not disclosed. Deliveries of the newly contracted aircraft will begin in 2006 and run through 2011. Boeing (BA) rival Airbus is 80 percent owned by EADS.


C yaaa

 

[kevdog]

Are Jetblue pilots doing anything to get paid better in the upcoming years? Seems like a great company to work for besides the compensation.

 

[Dizel8]

Yes, it is absolutely horrible, I mean between the profits sharing, the CSPP, the time and a half over 70, it is really hard to afford food, much less housing. Oh wait, I was being sarcastic. Never mind!

 

[kelbill]

I for one think JetBlue is a fine company. I am not sure the intent of the post, but the italics section implied that 50 A320s were bought outright. Don't quote me, but I think that is along the line of saying that I own my house, even though I have a $300,000 mortgage on it. Looking at the balance sheet of JBLU I would say that they still owe on most, if not all, of those 50. They might have been bought with the initial capitalization used to start up the company, but you haven't been around long enough to have bought the 50 with profits, even as profitable as you are. From what I hear, you treat our jumpseaters and passriders very well, so thanks for that too. I always try to return the favor.

 

[BLUE BAYOU]

Here's some interesting numbers posted in USA Today.


Airlines' cash reserves: United had the least available cash on hand as a percentage of its revenue among major domestic airlines. As of March 31:

1. JetBlue 51%
2. Southwest 31%
3. Northwest 28%
4. American 18%
5. Delta 17%
6. Continental 16%
7. US Airways 14%
8. United 13%

United reported available cash of $1.8 billion on March 31-- that's still a lot of money for a company in Chapter 11.