JetBlue Q2 2010 Results Strong

[AKAAB]

Highlights - more details to come:

Net $30mil on an operating profit of $94mil.

10.1% margin

Earnings .10/share - beat estimates of .08/share.

Growth 6-8% for 2010. Adding another two E190's and six A320's this year.

JetBlue will conduct a conference call to discuss its quarterly earnings today, July 22, at 9:30 a.m. Eastern Time. A live broadcast of the conference call will be available via the internet at http://investor.jetblue.com

 

[Full of LUV]

Highlights - more details to come:

Net $30mil on an operating profit of $94mil.

10.1% margin

Earnings .10/share - beat estimates of .08/share.

Growth 6-8% for 2010. Adding another two E190's and six A320's this year.

JetBlue will conduct a conference call to discuss its quarterly earnings today, July 22, at 9:30 a.m. Eastern Time. A live broadcast of the conference call will be available via the internet at http://investor.jetblue.com

Yeah, but just wait till they have to start paying for their airplanes.....

 

[Bavarian Chef]

Yeah, but just wait till they have to start paying for their airplanes.....

They pay for them with labor efficiencies from the new pilot work rules.

YAY US!

 

[Skank]

They pay for them with labor efficiencies from the new pilot work rules.

YAY US!

I'm afraid of the box, and I don't go out in the weather.

 

[johnsonrod]

Lower healthcare benefit costs!!!!! That will save some cash!!!!!! Someone said it best when they equated JB to the Walmart of the industry in terms of pay/benefits.

 

[aewanabe]

Um, I'm not really enamored of many things going on here right now, but Walmart of the industry in terms of pay? Really?

 

[geardown]

Definately benefits, No question.

 

[maxblast72]

I don't think there are too many companies in the US that are immune to the rising cost of healthcare and don't pass some of that cost on the employees. Maybe we can get the government to get us all free healthcare. If we can just get "Helicopter" Ben to fire up the printing presses, we can give all Americans free healthcare.

 

[geardown]

I paid less than half for better health care at a regional. In the same year.

 

[J32driver]

And Health care is just the tip of the iceberg. The real boogie man hiding in the shadows is our disability benefits. Nothing like being forced to buy Cobra if you are out for more than 6 months... and being terminated from health care all together at the 24 month (I think that's the right number) point.

 

[aewanabe]

I paid less than half for better health care at a regional. In the same year.

Absolutely true. I did the same, and the disability/continuing care/survivor benefits are a sad joke.

 

[Splert]

I don't think there are too many companies in the US that are immune to the rising cost of healthcare and don't pass some of that cost on the employees.

You can compare yourself to the average Dunkin Donut's employee and I will compare JetBlue pilots to the peer set.

Our peer set all have cost shift containment language within their 'industry standard employee agreement' (CBA) and continuation of health care for LTD/LOL, OJI, Survivors and early retirees and some have retirement coverage.

 

[StarChecker]

I paid less than half for better health care at a regional. In the same year.

My prescriptions costs QUADRUPLED when I came to JetBlue from my toilet regional. QUADRUPLED. Plus I had ZERO deductible...that went from $0 to $2,000 overnight.....thanks for all you do...

And health insurance is cut off after 18 months on LTD....thanks for all you do....

 

[Headfake14]

Yea...same here. In '07.

Although, I do believe that my old regional has since raised it's cost to employees...I don't know what it is now.

We could use some more improvements. I'm not looking for the moon, but a little closer to it.