JetBlue and Dave Barger

[Hutchman]

What your management wont tell you.

Dave Barger sold $813,000 worth of stock in the last month. $371,000 on the 26th of Jan. He has sold $7,708,000 worth of stock in the last year.

Enjoy your profit sharing..................

 

[Boeingman]

What your management wont tell you.

Dave Barger sold $813,000 worth of stock in the last month. $371,000 on the 26th of Jan. He has sold $7,708,000 worth of stock in the last year.

While I am sure the blue boys and girls will come on here to chastize you, the mere fact that officers are starting to dump their stock is telling.

 

[FlyBoeingJets]

Soros sold a BIG stake. I think it was in 2004. I think other original investors cashed in about the same time.

 

[holdon]

What your management wont tell you.

Dave Barger sold $813,000 worth of stock in the last month. $371,000 on the 26th of Jan. He has sold $7,708,000 worth of stock in the last year.

Enjoy your profit sharing..................

I would call that pretty savy.....He help start the company, he has every right to sell that and some.

 

[Smoking Man]

I was wondering where he made his money, seeing how he donates his entire pay check at jetblue to the JCCF. All 200K.

 

[Hutchman]

$813,000 in a month = 287 new hire pilots. How many are we hiring this year????

I do think almost 8 million a year is a bit excessive. But that is just me.

 

[holdon]

$813,000 in a month = 287 new hire pilots. How many are we hiring this year????

I do think almost 8 million a year is a bit excessive. But that is just me.

That's a lot of cash, no doubt.. Good on him for starting a new airline. A big risk with the potential for a big reward. We are all just pawns in the big game. If you don't like that then go raise over 100 million and start your own airline (although I wouldn't recommend it:beer: )

hiring upwards of 525+ this year...

 

[boeing747-800]

I give JBLEW 5 years at the most.

 

[savin47]

I give JBLEW 5 years at the most.

Where have you been? All the naysayers said the same thing five years ago.

You should change your screen name. You have not earned the right.

 

[Jolly Roger]

Why does everyone have to attack Jet Blue at any opportunity? I don't work for them, but wish them and everyone else the best!

 

[coogebeachhotel]

Why does everyone have to attack Jet Blue at any opportunity? I don't work for them, but wish them and everyone else the best!

It is the law of the jungle. Eat the young before they eat you.

 

[JB Bus Drvr]

Let's see. Here's a guy who came from a very secure and high paying job at CAL who risked everything to come to an idea without a single airplane. He's given less money than he left and is given stock instead. (Mind you, the stock is only worth the paper it's printed on). Then 8 years later, he takling what HE earned and is selling it for a descent profit. He's not taking money out of my pocket or any other employee's pocket. HE EARNED!. So who gives a rat's behind if he wants to take some profit. I've sold some of my stock too! Get a life there Hutch, or be grouped with 32, DS, UC and the rest of the bottom feeders.

 

[Dave Siegel]

Where have you been? All the naysayers said the same thing five years ago.

You should change your screen name. You have not earned the right.

I said ten years! 5+5=10 So far, if anything, I was too optomistic.

 

[Dave Siegel]

Why does everyone have to attack Jet Blue at any opportunity? I don't work for them, but wish them and everyone else the best!

Because they're such an easy target. Boo-hoo-hoo, Jolly Roger.

 

[pilotyip]

I remember this very board praising him back in 2001, because he was a reasonable manager, who worked for a reasonable wage and would make his money in stock options if JB were a success. Most thought that was great man who would not take from his employees, but from the general public if he were successful? How many others have benefited from his effort?

 

[32LT10]

Why does everyone have to attack Jet Blue at any opportunity? I don't work for them, but wish them and everyone else the best!

Ever met a JBLU pilot? Ever had to deal with those blueaid people? It is just like flyi except they have had some minor success.

JBLU is trying to survive by only having NE prescence for a hub. IMO it will not work in the long haul. They do not have enough connecting traffic. Sure you get good O&D from JFK but a hub needs both. Who wants to fly from FLL to LGB via JFK? AUS to LGB via JFK? They need more spokes to the wheel at a cost basis that they can not sustain. The future of JBLU is shaky at best.

Of course their pilots don't have a defined retirement paln and that alone should be means for shutting them down, TIC.

 

[Hutchman]

I've sold some of my stock too! Get a life there Hutch, or be grouped with 32, DS, UC and the rest of the bottom feeders.

I am just stating facts. Annother fact is that he still has 1.2 million shares left to sell! That is alot of $$$$$$$$$$$. How much did you make off your stock?

 

[holdon]

"JBLU is trying to survive by only having NE prescence for a hub. IMO it will not work in the long haul. They do not have enough connecting traffic. Sure you get good O&D from JFK but a hub needs both. Who wants to fly from FLL to LGB via JFK? AUS to LGB via JFK? They need more spokes to the wheel at a cost basis that they can not sustain. The future of JBLU is shaky at best."


Give us time, we only have approx 90 airplanes (getting a new one about every 12 days this year) we will connect the dots. Not to mention another 8-10 new cities this year!

 

[Boeingman]

Of course their pilots don't have a defined retirement paln and that alone should be means for shutting them down, TIC.

WOW!!!!!!!!! This coming from a UAL pilot whose current pilots turned their backs on their pilot retirees and agreed to terminate their pensions?

 

[Boeingman]

Give us time, we only have approx 90 airplanes (getting a new one about every 12 days this year) we will connect the dots. Not to mention another 8-10 new cities this year!

Historically, if there has been one common denominator of an underlying reason which has killed an airline, it has been an over zealous expansion plan.
Increases in casm far outpace rasm increases as the market adapts or absorbs the increased rpms.

Already your numbers are showing a disturbing trend. Ignore them at your own peril.

 

[BabyBoy]

Ever met a JBLU pilot? Ever had to deal with those blueaid people? It is just like flyi except they have had some minor success.

JBLU is trying to survive by only having NE prescence for a hub. IMO it will not work in the long haul. They do not have enough connecting traffic. Sure you get good O&D from JFK but a hub needs both. Who wants to fly from FLL to LGB via JFK? AUS to LGB via JFK? They need more spokes to the wheel at a cost basis that they can not sustain. The future of JBLU is shaky at best.

Of course their pilots don't have a defined retirement paln and that alone should be means for shutting them down, TIC.

Our business plan isnt to have people fly from FLL to LGB via JFK. We're point to point service. If you want to go somewhere in a more direct fashion to a place we don't currently serve, fly someone else. When the company wants you to go from FLL to LGB on JB, they'll make it a direct flight, as they already have.

BTW, many of the JBLU people are former people from other airlines that, GASP...lost their jobs. Go figure.

BB

 

[DIAMONDDD]

BTW, many of the JBLU people are former people from other airlines that, GASP...lost their jobs. Go figure.

BB

Most, I would say.

 

[32LT10]

WOW!!!!!!!!! This coming from a UAL pilot whose current pilots turned their backs on their pilot retirees and agreed to terminate their pensions?

Did you see the TIC at the end. That means Tounge in Cheek. I would expect this from a JBLU pilot. You guys like to blast the legacy carriers for their slashing of pensions and pay. Yet you guys have never had a pension nor have you led the industry in pay or benefits. You guys have done nothing in the ALPA safety arena to help the industry. Of course you are trying to get the FAA to allow flight days over 8 hours so you can do LGB turns. How is that better for the industry? You guys get something like that passed and the poor guys flying the RJ's in short haul will be doing 10 to 12 legs a day.

It is the short sightedness of the JBLU group that really rankles the industry. Maybe it is part of the 5 year contracts that you work under that causes this mentality. Just glad you are now having to pay for your maintenance and other cost, TIC. I know you guys hate it when people say that. Just like when you accuse those in BK of not paying their bills.

 

[j41driver]

Ever met a JBLU pilot? Ever had to deal with those blueaid people? It is just like flyi except...

WTF is that supposed to mean?

 

[ExpWayVis31]

BTW, many of the JBLU people are former people from other airlines that, GASP...lost their jobs. Go figure.

BB

Thank God..no..Thank ALPA/APA for recall rights!!!!

 

[G4G5]

Take a look at the insider trading list John Owen (CFO) is on the list more then Barger. Owen has been dumping blocks of 4500 shares almost every week. In fact he dumped them 43 times in the past 12 months for a grand total of 193,500 shares.

 

[32LT10]

fly someone else. When the company wants you to go from FLL to LGB on JB, they'll make it a direct flight, as they already have.

Talk about arrogance. So you are saying if you don't fly there then people don't need to go there. And when you do start flying there you will then assign people to travel. "Geez, Martha we have to go to BFE. JBLU is flying there now and they want us to go".

Do you understand the need for O&D and the connecting traffic at a hub? Even SWA is more of a traditional hub operation than point to point. They tend to fly to and from other SWA cities but keep the spokes going from where they land. Take for example JBLU to SAT. Where are you going from there other than JFK? How about SWA and the new DEN service? Are they only serving one city? No they are going to PHX, MDW, SLC and I believe LAS. All of the above have large SWA prescence. All of the above can move a person around the country. You guys are limiting yourself to the guy going to and from SAT. Great but you are not getting any beyond JFK traffic on the SAT flight and that is where it starts to bite. Just look at what happened to FLYI. The exact same thing is happening with you guys.

You say you are point to point but that is not truly a sustainable business plan. Your finances are beginning to show this as fact. For JBLU to survive they will need to do some major tweaking of the airline. I would suspect that they will slow the 190 delivery's and scale back some fo the expansion and possibly pull out of a few markets. Time will tell.

 

[Boeingman]

Did you see the TIC at the end. That means Tounge in Cheek. I would expect this from a JBLU pilot. You guys like to blast the legacy carriers for their slashing of pensions and pay. Yet you guys have never had a pension nor have you led the industry in pay or benefits. You guys have done nothing in the ALPA safety arena to help the industry. Of course you are trying to get the FAA to allow flight days over 8 hours so you can do LGB turns. How is that better for the industry? You guys get something like that passed and the poor guys flying the RJ's in short haul will be doing 10 to 12 legs a day.

It is the short sightedness of the JBLU group that really rankles the industry. Maybe it is part of the 5 year contracts that you work under that causes this mentality. Just glad you are now having to pay for your maintenance and other cost, TIC. I know you guys hate it when people say that. Just like when you accuse those in BK of not paying their bills.

You can take your foot out of your mouth anytime since I do not fly for JB.
Rationalize all you wish, United pilots actions of late during the bankruptcy process does not give you the right to be chastizing others.

 

[Dave Siegel]

It is the short sightedness of the JBLU group that really rankles the industry. Maybe it is part of the 5 year contracts that you work under that causes this mentality. Just glad you are now having to pay for your maintenance and other cost, TIC. I know you guys hate it when people say that. Just like when you accuse those in BK of not paying their bills.

Yes, some other astute analysts have seen the light. JB Bus Drvr and others like him who refuse to accept reality are clearly part of the problem, and will be the same ones who cry like little babies when their whole world gets turned upside down.

The one thing that most Jet Blue pilots have in common is that they get VERY defensive when ANYTHING negative is said about their company or their future.

Tell us, JB Bus Drvr, oh yes, all wise and all knowing, tell us how losing money is actually a GOOD thing. Tell us how Barger getting his cash is really a good thing for everyone, after all a happy management team is a better management team, right?

No, you'll just come back with some sort of self fulfilling defense. Just put me on your ignore list, and the problems at Jet Blue will magically disappear.

You remind of a little bratty kid, standing there with his hands over his ears, screaming, "I can't hear you. I can't hear you. I can't hear you!"

JB Bus Drvr, if you're going to play in the street, junior, you need to know where the traffic is coming from. Clearly you don't.

 

[Dave Siegel]

If you want to go somewhere in a more direct fashion to a place we don't currently serve, fly someone else.

People like you completely validate the opinions of people like me. Thanks for making my point. I just love the arrogance. I don't think you'd see such arrogance from Southwest, but then again, they are a better company than Jet Blue.