Jetblue Financial

[SFR]

I am always hearing "Jetblue has not had to pay their bills yet"..

Does anyone have facts on this? If so, I am interested.

When do they pay their bills?

Thanks!

 

[AlbieF15]

Ducking for cover before JeffG shows up!

SFR...do a thread seach...you'll find this is a VERY dead horse.

 

[flx757]

Albie, Albie...

Surely you know as well as I do, that even if it has begun to decompse and emit a stench to rival that of Camden, NJ , no horse on this board is EVER dead. There will always be someone convinced that if they climb aboard, that horse will run like the wind.

 

[goflyme]

Dead horse or not, they still report pro-forma.....
wait till they have to come out of their little corner (jfk)

 

[Eagleflip]

Yet another JB defender...

Ah-hem...."Pro-forma"?

What exactly do you mean? Do you insinuate that JB is not factual about it's financial disclosures, as required by NASDAQ and the federal government?

Or are you merely engaging in low-rent sniping with no factual basis?

On a non-snotty vein, present your issue and I'll answer it to the best of my knowledge.

 

[BLUE BAYOU]

Hmm. Let me see, I fly aircraft with data plates on our cockpit doors that have the words "International Lease Finance Corporation" or "This aircraft mortgaged to..." I don't know of very many institutions that allow for operations without paying for their aircraft unless you're in Chapter 11 with some negotiations for delayed payments...

 

[goflyme]

Easy EagleFlip,
Just take a breath. ...but then again...


yea, its so unlikely that any corporation now a days could be filling false docs.

 

[fredflyer]

Come on, Bayou, JetBlue is making money, so they HAVE to be cooking the books. How can any airline be making money in this economy? I'm sure Southwest is lying too; and those free Airbuses, what a great deal. How do you think Airbus is keeping orders so high? They are giving them away.

 

[bigred]

Take a look for yourself. JetBlue is a publicly traded company, all their information is available.

Jet Blue 10Q

 

[ATR-DRIVR]

Hey Blue,
I see you flew the L-382. Wasn't for Southern Air Transport was it?
chris thomas

 

[oz8910]

Why are all the J-boo employees so defensive?

Enron air

 

[Zulu]

It's probably because this same question has been asked and answered
and asked and answered
and asked and answered
and asked and answered
and asked and answered

kinda reminds me of my kids saying
"Are we there yet?"

I'd be irritated also.

Z

 

[SpeedBird]

Well Oz when folks like you come on these boards and post comments like "J-Boo" and "Enron Air" there comes a point where most reasonable people begin to get a little frustrated. As someone who is posting on this forum for the first time you would do yourself a lot of good to start off with a more mature and professional posting. You know the old saying about first impressions.

If someone has an honest question about jetBlue, then this is the place to ask the question. However, take a moment to do some prep work by searching previous posts on the same subject, or better yet review the financial records which are easy to find. This board has many outstanding contributors to help pilots better prepare to reach their flying goals and aspirations. And imagine, it all for free!

However, if you or anyone else wants to play games and post flame-bait comments, then it defeats the purpose of this great forum and diminishes its value for everyone. Obviously, jetBlue will always have its detractors for a variety of reasons. Despite how you feek personally you should be glad for this one fact. JetBlue is providing continuous employment opportunities for pilots who want to work in the airline industry during an extremely difficult period in our business.

You have a nice day now

 

[SpeedBird]

SFR:

In response to your general question I'll attempt to answer it by highlighting jetBlue's expenses and investment in aircraft, a popular urban myth that many folks think jetBlue gets for free. The source of my information are the 10Q reports filed with the SEC, and cover the latest public information on file for the first nine months of 2002. Here's a link to the source information:

http://ccbn.tenkwizard.com/fil_list...000FF&AL=FF0000&VL=800080&st=2&page=1&extras=

The numbers listed here are the nine month summarized totals ending on 9/30/02.

AC Rent: $6.8 million (payments for aircraft flown under operating leases )

AC Maintenance: $3.0 million (Still a relatively low cost due to the fact that many aircraft are still under OEM warranty. This amount covers primarily the cost of expanding C-Level checks on the A320 fleet).

New AC Investment: $441 million ($360 mm of this amount has been raised through the use of long-term equipment notes. The remainder has been paid for through other financing and operating cash flow sources).

Total AC Investment Through 2007: $2.3 billion (This covers the cost of the first 60 AC deliveries which jetBlue has with Airbus)

 

[Jeff G]

Ducking for cover before JeffG shows up!

Nah, he's safe from me. The horse is dead. I just settle for the occasional sarcastic comment now. Your advice to just do a search is a good one, though.