Jetblue Looking To Buy VA?

[sligo1]

Just a rumor any thoughts?

 

[Joblu]

Just a rumor any thoughts?

Maybe for asset sale or assumption of 319's. Doubt any kind of merger would be in play.

Who told you that rumor?

 

[Chronic Jetlag]

VA is a dog w/ fleas; their average margin is negative 50%+ despite their high load factor. Out of SFO they are getting killed in every one of their routes. JB has no interest in flying VA's current routes or wanting their planes. It's always been JB's plan to let SW run VA out of town. Even with its two additional large cash infusions, VA's burn rate is unsustainable with its current cash on hand and negative margin. Unless they secure new investors and window dress the citizen issue, their future looks really bad.

 

[J32driver]

JetBlue still hasn't answered the question on why it needs to almost double the stock float, and what the heck is it going to do with the GIANT wad of cash that would generate.

Make no mistake folks... I think we are getting ready to go shopping.

VA has 319 that would be great for our transcon markets, they've got gate space we could use, and they have an internet solution ready to rock and roll.

Whether we go shopping before or after.... thats the $10 mil question.

 

[flyf15]

I would expect Frontier to be bought by JetBlue long before Virgin America.

 

[Splert]

We expect to meet our obligations as they become due through available cash, investment securities and internally generated funds, supplemented as necessary by debt and/or equity financings.

We have noncancelable contractual obligations amounting to 1.2, 1.2 and 1.6 billion in 2010, 2011 and 2012 respectfully.

I don't think we are buying anyone.

 

[zkmayo]

B6 wont be buying anybody.

Our mgmt will do what theyve been saying theyd do for the last couple years--be competitive, be opportunistic, and buy key assets when the competitive landscape changes. Ala when Indy went chap 7, we bought much of their equipment not to mentioned hired a ton of their employees.

I do think B6 will open a LAX base to be co-based with LGB and BUR. Both airplane types. We'll also expand a bit in LAX.

 

[Splert]

B6 wont be buying anybody.

Our mgmt will do what theyve been saying theyd do for the last couple years--be competitive, be opportunistic, and buy key assets when the competitive landscape changes. Ala when Indy went chap 7, we bought much of their equipment not to mentioned hired a ton of their employees.

I do think B6 will open a LAX base to be co-based with LGB and BUR. Both airplane types. We'll also expand a bit in LAX.

Talk to the WRC and see how popular LAX co-dom is with the JFK mafia on the committee.

Not going to happen.

 

[zkmayo]

Talk to the WRC and see how popular LAX co-dom is with the JFK mafia on the committee.

Not going to happen.

Our pairings are horrible right now, prob wouldnt help. hey, what's the thoughts on any co-dom w/lax, bur,lgb for any lgb pilots?

 

[ATR-DRIVR]

Just a rumor any thoughts?

Umm, no....

 

[WateryGrave]

Talk to the WRC and see how popular LAX co-dom is with the JFK mafia on the committee.

Not going to happen.

Screw the morons on the committee, ask the west coasters what they think. Almost all of them would give their left testicle for more flying (quantity and variety) and flights out of an airport that you can commute to. There is no future in LGB and the airports are too close to justify separate bases. But you are right, those JFKers on the committee will probably ruin it for everyone. =(

 

[ATR-DRIVR]

Screw the morons on the committee, ask the west coasters what they think. Almost all of them would give their left testicle for more flying (quantity and variety) and flights out of an airport that you can commute to. There is no future in LGB and the airports are too close to justify separate bases. But you are right, those JFKers on the committee will probably ruin it for everyone. =(

Will CONTINUE to ruin it....

 

[BeachBummer]

Maybe for asset sale or assumption of 319's. Doubt any kind of merger would be in play.

Who told you that rumor?

Why would we want something in between what we already have? 130 people coast to coast w/no tech stop? If anything I would think that the logical
(I know...) thing to do would be to buy up something bigger. We steal a 190 from embrear every delivery it's here to stay. A319 doesn't make much sense.

 

[johnsonrod]

Slightly off-track question but when will E190 pilots get a LGB base? Will that happen any time soon?

 

[Lebowski]

Why would we want something in between what we already have? 130 people coast to coast w/no tech stop?

You could probably fill 130 seats, carry less weight, burn less fuel, and have the load factors consistently closer to 100% on transcons. There's potentially a big market gap and economic gap between 100 and 150 seats, and that could possibly drive a decision to operate something like the 319.

Haven't heard anything about us buying VA, but operating a 319, regardless of where it comes from, seems at least worthy of consideration.