JetBlue Nosedives on U.S. Economic Weakness, Fuel

[Heavy Set]

How's the corporate life treating you?

Bye Bye--General Lee

Not too bad. I enjoy my little Lear 45 and spending a lot of time in Cabo with the owner. I don't miss the airlines at all.

 

[Tanker Clown]

Wow...you've totally lost touch with reality. Everyone knows you are GL, 737, Heavy Set, and a handful of others. So, I will hand it to you, you did a good job logging in on your PC and your laptop at the same time. Congrats. Once again, we're all fooled. It is impressive that you take the time to respond to yourself with different identities. I'm sorry that I exposed that your only friends are imaginary or in your Dungeons and Dragons club. Perhaps you should look into secondlife.com and making some friends there. Good luck.

By the way, don't have a desk job. Line pilot...who makes more money than you....and will make even more than you in '08.

 

[Tanker Clown]

You're pretty mistaken, and uninformed, as usual. But we've come to expect that from an 1800 hour mesa wonder. I NEVER touted paycuts were a good thing.
Hey, speaking of trough, how did the tire change go on the trailer?
I bet with the holidays you were able to upgrade to snow tires.:laugh:
What's even funnier is that this is a Jet Blue thread, yet spanky clown can't help himself that he has to drag old Delta into it. I can only imagine how pissed he is at himself that the best he'll be able to do is go jets! Those job rejections and that pathetic pay must really be bothering you sport!
737

If my pay is pathetic then your pay is a discrace to aviation. Remember General 737 Heavy Set, I make MORE than you do. It's a fact. Sorry. Ask some ex military guys. I probably make about $25K a year more than a Delta 12 year 777 guy. Sorry you guys took a pay cut, but that's your fault, not mine. If you hadn't taken it like a beotch, then you would make more than a 17 year AF pilot.

 

[johnsonrod]

Wow...you've totally lost touch with reality. Everyone knows you are GL, 737, Heavy Set, and a handful of others. So, I will hand it to you, you did a good job logging in on your PC and your laptop at the same time. Congrats. Once again, we're all fooled. It is impressive that you take the time to respond to yourself with different identities. I'm sorry that I exposed that your only friends are imaginary or in your Dungeons and Dragons club. Perhaps you should look into secondlife.com and making some friends there. Good luck.

By the way, don't have a desk job. Line pilot...who makes more money than you....and will make even more than you in '08.

Thanks for contributing to this post. You're a real Sherlock Holmes. Moving on...

 

[737 Pylt]

Here I am. What's Tanker Dork saying now?

Hey you can't be logged on the same time as me.
You won't find spanky clown. He's busy wiping his tears that he can't get hired anywhere but mesa.
Its ok spanky clown, with the new tires on the trailer, at least moving this time will be a lot easier!:laugh:

737

 

[737 Pylt]

If my pay is pathetic then your pay is a discrace to aviation. Remember General 737 Heavy Set, I make MORE than you do. It's a fact. Sorry. Ask some ex military guys. I probably make about $25K a year more than a Delta 12 year 777 guy. Sorry you guys took a pay cut, but that's your fault, not mine. If you hadn't taken it like a beotch, then you would make more than a 17 year AF pilot.

Keep telling yourself that spanky clown. Maybe one day you'll convince yourself that you are a pilot. Now run along, its time for more desk duty. And just think in another 6 months you can reapply to get rejected at SWA!:laugh:

 

[General Lee]

Wow...you've totally lost touch with reality. Everyone knows you are GL, 737, Heavy Set, and a handful of others. I So, I will hand it to you, you did a good job logging in on your PC and your laptop at the same time. Congrats. Once again, we're all fooled. It is impressive that you take the time to respond to yourself with different identities. I'm sorry that I exposed that your only friends are imaginary or in your Dungeons and Dragons club. Perhaps you should look into secondlife.com and making some friends there. Good luck.

By the way, don't have a desk job. Line pilot...who makes more money than you....and will make even more than you in '08.

Some guy named Bowel Movement gave you secret info linking us all together? Really? That's funny, since it isn't true, and against the rules. Really, this should be looked into. Anyway, I am so glad that you think this, even though we seem to respond to each other at the same time, and all 3 of us can be seen veiwing the threads at the same time. Wait, I have 3 different computers and I can type with my left foot as well as both hands at the same time. Good catch Einstein. Looks like you TANKED this one.

Bye Bye--General Lee

 

[General Lee]

If my pay is pathetic then your pay is a discrace to aviation. Remember General 737 Heavy Set, I make MORE than you do. It's a fact. Sorry. Ask some ex military guys. I probably make about $25K a year more than a Delta 12 year 777 guy. Sorry you guys took a pay cut, but that's your fault, not mine. If you hadn't taken it like a beotch, then you would make more than a 17 year AF pilot.

But you sit at a desk. A lot of people who sit at desks make more than airline pilots. You are the best desk jockey there is, Slider.


Bye Bye--General Lee

 

[lowecur]

I don't see ANY long term gain with Lufthansa (other than a slight credit bump upwards), since they really don't have many flights that would or could connect with Jetblue at any of their current bases. LH has 3 (count them) flights a day to JFK, and with slot restrictions and a 2 year freeze by the FAA of any slot transfers, there just won't be a lot of connecting. And, how many people on those 3 flights just want to go to NYC? I think this was a financial transaction because Jetblue (and all US Airlines) has a cheap stock and the dollar is low against almost every other currency. They have already lost half of their investment. How many flights does LH have to BOS? Two. And, they cannot park at the JB terminal inbound from Germany because all INTL flights have to go to the INTL terminal there. Very little connecting opportunities there. Looks like an investment that may go south for the Krauts.

Bye Bye--General Lee

Really?

It's my understanding a formula has been reached but not published to limit flts during peak periods to 82/83 per hour. If you have been made aware of this formula, then please let us know what the cutoff date was, as DL had a multitude of new flts in the last 12 months. It's my understanding they wanted to go back a year or more on the cutoff date, thus penalizing DL, and giving credence to the large investments by AA and B6.

Also, I'm not aware of a lockdown provision on a voluntary trading of slots. The purpose of the ruling was to limit a/c movements during these peak hours (early morning & international between 3-10pm). Back in the day, JFK always had an attrition of international flts and carriers in any one 12 month period. If my understanding is correct, previous slots could not be sold but had to go back to the Port Authority for lottery selection. I can't see a lockdown, as this would inhibit international growth during that 2 year period (something, that totally goes against the open skys deal).

I would be surprised if Jetblue were not able to give LH some valuable slots in those time periods if they struck a deal for codeshare. Since only 5% of the seats sold on LH at JFK are not O&D, they could easily add 2 or 3 more flts per day with B6 feed. Also, if LH gets lucky and gets control of BMI in 2008, this will give LH control of 50 Heathrow slots (this should develop into a nice bidding war with BA...as slots were reportedly purchased by BA from Alitalia went for between $10-15M each).

You say all inbound int'l flts have to go to the international T-4? Are you telling me that the new AA terminal doesn't have customs? How about the T-7 that BA/UAL share? If Jetblue works a deal with LH to use their terminal, I don't see any reason why they can't develop a customs station.

imp:​

 

[lowecur]

I found this in Yahoo finance showing the assets for the DEC 31st, 06 statement, and that was the most current I could find. There are liabilities also in the charts, which is significant too, but you asked about cash on hand, and I threw in the current assets too. Those numbers are in Millions.

Assets
Current Assets

Cash And Cash Equivalents 2,784,000

Short Term Investments 614,000 -

Net Receivables 1,317,000

Inventory 181,000

Other Current Assets 489,000


Total Current Assets 5,385,000




Bye Bye--General Lee

Let me update you from the 10Q on 9/30/07:

Cash & Cash Equivalents $1,623,000 B

Short Term Investments $ 767,000 M

(Restricted Cash $ 579,000 M)

As far as I know, receivables cannot be counted as cash.

imp:​

 

[General Lee]

Let me update you from the 10Q on 9/30/07:

Cash & Cash Equivalents $1,623,000 B

Short Term Investments $ 767,000 M

(Restricted Cash $ 579,000 M)

As far as I know, receivables cannot be counted as cash.

imp:​

I listed everything I could find, and I even stated receivables were under "current assets." It clearly states what the "cash and cash equivalents" were.

So, if Delta continues to talk about being "the acquirer" in any future acquistion, do you think that amount listed would cover a buyout of NWA for example? I would have to think there is more cash available, or NWA or someone else would go really cheap. I still don't think mergers or acquistions are inevitable. They may occur, but they don't have to occur. The old days of merging to bring DOWN capacity and raise fares is over, since Southwest or some other LCC is generally waiting to grab an opportunity if one comes up, like an empty hub or large amount of gates.

Bye Bye--General Lee

 

[400ADude]

If there were a merger, how would the legislation Pres Bush passed affect it? Doesn't it basically say DOH? I would like to know the real scoop?

Say UAL were to merge with NWA, would it be DOh, kinda like a national line of seniority?

 

[General Lee]

Really?

It's my understanding a formula has been reached but not published to limit flts during peak periods to 82/83 per hour. If you have been made aware of this formula, then please let us know what the cutoff date was, as DL had a multitude of new flts in the last 12 months. It's my understanding they wanted to go back a year or more on the cutoff date, thus penalizing DL, and giving credence to the large investments by AA and B6.

Also, I'm not aware of a lockdown provision on a voluntary trading of slots. The purpose of the ruling was to limit a/c movements during these peak hours (early morning & international between 3-10pm). Back in the day, JFK always had an attrition of international flts and carriers in any one 12 month period. If my understanding is correct, previous slots could not be sold but had to go back to the Port Authority for lottery selection. I can't see a lockdown, as this would inhibit international growth during that 2 year period (something, that totally goes against the open skys deal).

I would be surprised if Jetblue were not able to give LH some valuable slots in those time periods if they struck a deal for codeshare. Since only 5% of the seats sold on LH at JFK are not O&D, they could easily add 2 or 3 more flts per day with B6 feed. Also, if LH gets lucky and gets control of BMI in 2008, this will give LH control of 50 Heathrow slots (this should develop into a nice bidding war with BA...as slots were reportedly purchased by BA from Alitalia went for between $10-15M each).

You say all inbound int'l flts have to go to the international T-4? Are you telling me that the new AA terminal doesn't have customs? How about the T-7 that BA/UAL share? If Jetblue works a deal with LH to use their terminal, I don't see any reason why they can't develop a customs station.

imp:​

Do you know where Lufthansa parks at JFK? Not even close to Jetblue (I guess you can take a SHORT Airtrain ride...). The new terminal doesn't have any INTL sized gates (or at least that is what everyone here said when Delta buyout rumors were spreading about JB). LH shares Terminal 1 with many many other INTL airlines, and there isn't much room to be had, especially at peak times. Same at BOS, the second largest JB "Focus City." Does the new AA terminal at JFK have customs? I bet it does. Every terminal at JFK probably has customs, but not every terminal was built for INTL flights and widebodies. And again you think everyone on the LH flights will want to connect to other cities from JFK on JB. Most of the passengers on those LH flights have just flown in to Frankfurt or Munich (the two cities that have service to JFK on LH) and may have connected from other cities in Africa or Asia, and they may just want to go to NYC. It isn't a plane full of connections. You see, Delta has 20 or more widebodies a day from INTL destinations into JFK (adding 11 more in the Spring), and with all of those they have enough connecting PAX to fill some RJs and 757s to other places. The remaining pax are locals who are leaving the largest city in the US to other cities in the US. LH would have to have 10 A380s full of connecting PAX ONLY to make it profitable for JB. 3 daily widebodies won't make a dent, and even 5 or 6 really wouldn't help unless everyone onboard was connecting on JB.

Will LH get control of BMI? Don't you think the locals who currently fly BMI from Glasgow, Edinborogh, Belfast, Aberdeen, Durham Tees, Newcastle, and Dublin get mad if all of those flights to LHR would go away? Those people, probably businessmen going to London for business, might get mad enough to thwart that plan. Easyjet just gave up on getting LHR slots (they could have had some when they bought GB Air), knowing that LHR is really not a LCC airport. I have a feeling there would be strong oppostion to LH taking all or a chunk of those slots and using them for Open skies. BMI, by the way, is staying away from going West, and instead is focusing on Eastbound flights from LHR---they can see that it could be a bloodbath going to the US from LHR. The US airlines who got slots just want a foothold into LHR, allowing their best customers the ability to go to LHR is they choose, at a premium price. I don't see LH taking all of those slots and using them the way you think they may.

Bye Bye--General Lee

 

[General Lee]

If there were a merger, how would the legislation Pres Bush passed affect it? Doesn't it basically say DOH? I would like to know the real scoop?

Say UAL were to merge with NWA, would it be DOh, kinda like a national line of seniority?

No, the legislation states that if there are no other guidelines (like the ALPA merger policy between ALPA carriers), then Mohawk/Alleghany would come into effect. Essentially, the legislation wants to make sure that nobody is just stapled and then furloughed, like the TWA people were. One of the people sponsoring this bill still represents some TWA folks in St. Louis.


Bye Bye--General Lee

 

[400ADude]

No, the legislation states that if there are no other guidelines (like the ALPA merger policy between ALPA carriers), then Mohawk/Alleghany would come into effect. Essentially, the legislation wants to make sure that nobody is just stapled and then furloughed, like the TWA people were. One of the people sponsoring this bill still represents some TWA folks in St. Louis.


Bye Bye--General Lee

What is ALPA's merger policy?