Jetblue Loses 42.4 Mil

[800Dog]

Take your shots at JetBlue while you can. Profit sharing will be back soon enough. In the mean time consider we brought in $1.7 billion in revenue, my paycheck never bounced, and my pension is intact (401k).


Sad that you consider a 401k a pension!

 

[Occam's Razor]

I wouldn't have put up with it. Kick his arrogant a$$ off. If you see him again, give him a good kick in the shins for all the rest of us who are ashamed of this kind of thing. Then make him take the next flight. Thanks.

That's a good point. His tone was friendly, and he seemed a bit clueless. Sorta like somebody saying, "You're lucky you're in that wheelchair! You get to sit down all day!"

KnowwhutImean?

My F/O called me a wimp for not tossing him.

I didn't.
I am.

1600! Time to start drinking!

 

[Andy]

and my pension is intact (401k).

You DO realize that you're showing your ignorance in personal finance, don't you?

 

[AKAAB]

Sad that you consider a 401k a pension!

I don't disagree with you on that. I wish I had a true pension plan and envy those that still do. But in light of the recent developments in the US with pensions, I'm grateful to have a 401k that is untouchable by the company or courts.

 

[Dizel8]

Anyway, I think now that FLYI is out of the picture, JBLU's yields (especially east coast) should show a marked improvement. FLYI's fares were ludicrously low.

Well, realistically so was DAL Songs, after all, they were willingly tossing money into the hole, while competing. From investor conference calls, one could learn, that jetblue maintained a premium above Song. Rumour has it, that the Song experiment so far has run 250M in red.

Funny to note, that once the man on the ground gets up, he immediately starts kicking someone else. I guess the 5% is to be found here as well!

 

[Andy]

Funny to note, that once the man on the ground gets up, he immediately starts kicking someone else. I guess the 5% is to be found here as well!

Let me know when I can get up. I'm still kicking while on the ground.

Dude, this is where ALL of us 5%ers hang out.

The nice thing about anonymous message boards is that you can speak your mind. The bad thing about anonymous message boards is that most of us speak our minds.

BTW, good point about SONG; I forgot about that. I'm still trying to figure out why it failed ... perhaps poor branding?

 

[SWA/FO]

Um...Ok. How about Minneapolis? Does SWA fly to MSP?

Our next new city! You heard it here on flightinfo.com from the SWA/FO. Mark my words....done deal. Next!

 

[Andy]

Our next new city! You heard it here on flightinfo.com from the SWA/FO. Mark my words....done deal. Next!

EYW, CLT, ATL, RIC.

 

[SWA/FO]

EYW = no way.

 

[HeavierDriver]

Future Legacy Carrier

Maybe JetBlue should get a clue and start charging more for tickets. If not maybe they should cut employee costs and eliminate the pension plan. Oh that is right JetBlue does not have a pension plan. At least the pilots do not have to worry about that. Those pension plans can be a real pain. At least you have all that valuable stock. Welcome to the race to the bottom JetBlue.

 

[800Dog]

I don't disagree with you on that. I wish I had a true pension plan and envy those that still do. But in light of the recent developments in the US with pensions, I'm grateful to have a 401k that is untouchable by the company or courts.

Agreed but, a DC plan is also untouchable as it is in your name. Hopefully, you all will get a DC plan down the road. All of us need to push for more than a 401k for retirement. Best of luck to you guys.

 

[Splert]

FWIW

With fuel costs remaining where they are today an additional $2.00 per customer and jetBlue beaks even in 2006.


I wonder what the comparative per passenger dollar amount is for each individual airline?

 

[Dizel8]

Maybe JetBlue should get a clue and start charging more for tickets.

How much more should we charge than our sometimes irrational competetion!
It doesn't work, when you charge more than your product cost and someones else wants to sell their for 35-50% less than their cost, even though they know that will drive them off the proverbial cliff.

Remember, we are all just pawns in a game!

 

[pipejockey]

JetWho loses over 40 million and 20 million for the full year?? I'll :beer: to that!!! It's about time. Hopefully Virgin America will back off and see that just being an LCC doesn't gaurantee profits. Is ValueJet next?? I actually think they had a full year loss as well. Anyone?? Perhaps we have reached the bottom. Prices can't be sustained at these ridiculous levels. I can't imagine JetWho, ValueJet or Front(3rd)tier asking for concessions in order to compete. Their wages are embarrassing and shameful the way it is. And not one of them has a decent retirement plan for their pilots, men who are willing to put in most of their working lives in service to them.

Continental is hiring, United is recalling in great numbers, rumors of American recalling later this year...perhaps the worm is about to turn.

 

[zonker]

Yeah, well one look at our pay rates explains why. Oh yeah, no medical benies, retirement, vacation, sick time, etc etc. And don't tell me that $600 a month family plan constitutes medical benefits. That is merely CAT's way of adhering to the law and "technically" offering a medical plan. Companies who have over a certain number of employees are required by law. Oh and don't forget the profit they make, yes profit off of the 142 guys. I sure would like to know how that $30,000 is doled out.

What a joke!!

http://forums.flightinfo.com/showthread.php?p=844607#post844607

 

[pipejockey]

And your point zonker?? I can't wait to get out of here. But there are no "real" major airline jobs. That may change in a couple years. As long as the LCC's continue to have problems earning the big bucks of the past few years and the legacies regain some pricing power.

See I ADMIT my airline sux!! The JetWho's and the Critters among us continue to defend their airline as their only salvation.

 

[pipejockey]

Oh yes I forgot, Continental, FedEx, and UPS are hiring but I am not Mr. Military so FedEx is clearly out and I lack the 2000 PIC and 2 dozen recomendations that the other 2 would require anyway.

 

[tailhookah]

Wake up call....

Hopefully this is a wakeup call for my fellow B6 pilots... I hope the arrogant ones learn that we are not immune from the trials and tribulations of a tough industry. If we take this and learn from it, rework the business plan to incorporate the reasons why (other than fuel) our revenue slumped and didn't manage to keep up then we will be better off. Many of the pilots at B6 are furoughed from APA/ALPA and are just happy to be working at a major. Maybe some will go back to their former carriers and regret leaving us someday... just like some WN pilots did in the 90's. As far as our idiots who can't keep their jumpseat comments professional, I personally apologize for them... they don't have an internal filter... they can't help that. It's all part of the 5% rule that's been pointed out before.

We've hit our first big road bump... I feel that we have the right management team driving the bus. Only time will tell. I see it from the inside and know it but for others only future performance will be the true test. We are still a very young airline and will have many hurdles to navigate before we are out of the woods... on retrospect I don't think any airline is ever out of the woods. Ask Eastern/PanAm/TWA etc... Hell we turn SIX in 10 days...

To all of you union drum beaters who think that is the key to airline success... how long did it take NWA/UAL/USAIR to get a union... much longer than six years.

Tail

 

[Boeingman]

FWIW

With fuel costs remaining where they are today an additional $2.00 per customer and jetBlue beaks even in 2006.

Not according to Neeleman

http://www.thestreet.com/pf/stocks/transportation/10265607.html

 

[Hvy]

You guys are funny. Thats what the legacy carriers are for. If we did it, it would be $59.00 each way before taxes. Yes, we would make money on that route.

You not only wouldn't make money....you wouldn't even be able to make it there. So keep dreaming.

I wonder what your attitude towards others would be if someone at your company (it certainly wasn't you) would not have been smart enough to hedge fuel? They did and you've made money for now but those hedges are starting to expire. You may just find yourself in a different position in the future. Not that I would wish that on anyone, not even jerks like you that enjoy hardships of others.

Sorry to disappoint you but UAL has not failed. You may just be in for some competition that you didn't bargain for.

 

[FlyBoeingJets]

Oh yes I forgot, Continental, FedEx, and UPS are hiring but I am not Mr. Military so FedEx is clearly out and I lack the 2000 PIC and 2 dozen recomendations that the other 2 would require anyway.

FedEx is not "clearly out" as you describe. Many, Many civilian only folks there.

The only question is do you know someone well enough to take you in for a meet and greet, grip and grin, or whatever goofy name they want to call the pre-interview interview.

2 dozen recommendations??? Very funny. Don't give up 'cause you may be one recommendation away from getting the call. Really!

 

[737 Pylt]

Not according to Neeleman

http://www.thestreet.com/pf/stocks/transportation/10265607.html

Neelamn says:

"I feel our customers will pay us more to fly on JetBlue because we deserve it," Neeleman said on a conference call. "We have a great product. Our customers love us. We have great market share. (But) we need to get another $10 or so per ticket."

Sorry to dissapoint you, but let's face it. PRICE RULES....There is no such thing as brand loyalty any more. Those days are kaput. I wish nobody in this biz bad will, there is enough of that going on here, but cash is king, and people are going to shop for the lowest fare, and bitch about it til they puke!
Just my .02
737

 

[Hutchman]

Neelamn says:

"I feel our customers will pay us more to fly on JetBlue because we deserve it," Neeleman said on a conference call. "We have a great product. Our customers love us. We have great market share. (But) we need to get another $10 or so per ticket."

Let's charge more than $25 to go to BOS then.

 

[Splert]

Not according to Neeleman

http://www.thestreet.com/pf/stocks/transportation/10265607.html

Your correct my bad...I apologize.

He said $4.00 when answering a question from Ted Reed of The Street.com.

Ted asks his question near the very end of the conference call.

Listen to David at:

http://biz.yahoo.com/cc/3/64913.html

Good Day

 

[SWA/FO]

They did and you've made money for now but those hedges are starting to expire. You may just find yourself in a different position in the future. Not that I would wish that on anyone, not even jerks like you that enjoy hardships of others.

Sorry to disappoint you but UAL has not failed. You may just be in for some competition that you didn't bargain for.

Hedges expire? = WRONG

Dude, we were talking about various cities SWA will serve in the future. I did not comment on Jet Blue losing money. I did not say anything about UAL. If you want me to I will, but I didn't. If you think the Southwest of today will be the Southwest of tomorrow, then you are wrong again.

 

[Vingus]

Let's charge more than $25 to go to BOS then.

Right on, brother!

 

[Boeingman]

Sorry to dissapoint you, but let's face it. PRICE RULES....There is no such thing as brand loyalty any more. Those days are kaput. I wish nobody in this biz bad will, there is enough of that going on here, but cash is king, and people are going to shop for the lowest fare, and bitch about it til they puke!
Just my .02
737

I don't necessarily agree entirely with that statement. Sure for the backpack crowd and those using garbage bags for carry on's, yes.

Isn't it ironic though how people will spend $5 for a bottle of water, $4 dollars for a cheezy hot dog and $7 for a bag of those fancy nuts by the pound yet they whine about a $5 or $10 fare hike.

 

[Frank Lorenzo]

and my pension is intact (401k).

You consider your 401k a PENSION?!

I love you man!

Would you consider a ketchup packet a crew meal?

Why get a layover hotel? Those boarding lounges have mighty comfy chairs.

I heard you JBLU pilots are garbage pickers after the flight is done. That's awesome! Will you dump the lavs too?

Kudos for trying to get the FAR's changed to fly longer days too. The way I figure it, the extra revenue you generate for me flying over 8 hours will more than offset the cost of the occasional plane augering into the ground after the crew falls asleep.

I promise you. You and me. We're gonna be TIGHT!

 

[Andy]

Hedges expire? = WRONG

Wow.

Do you have any idea what LUV is hedging? Do you think that the hedges are in Jet A? Do you know that Jet A doesn't trade on the futures market? Do you understand the term 'futures market?'

Never mind. I already know most of the answers.

 

[flypdx]

You consider your 401k a PENSION?!

I love you man!

Would you consider a ketchup packet a crew meal?

Why get a layover hotel? Those boarding lounges have mighty comfy chairs.

I heard you JBLU pilots are garbage pickers after the flight is done. That's awesome! Will you dump the lavs too?

Kudos for trying to get the FAR's changed to fly longer days too. The way I figure it, the extra revenue you generate for me flying over 8 hours will more than offset the cost of the occasional plane augering into the ground after the crew falls asleep.

I promise you. You and me. We're gonna be TIGHT!

How incredibly original. Yawn.