2002:
Labor costs:
$77 million in wages, salaries, and benefits (includes profit sharing)
Aircraft Costs:
$8 million in leased aircraft rents
$38 million for jet Fuel
$17 million landing fees
$4 million routine maintenance
$78 million on current liabilities on long-term debt for new aircraft
Total aircraft costs for 2002:$145 million
As a final note, from 2001 thru 2007 jetBlue is going to spend over $2.3 billion (excluding interest) on 60 new A320 aircraft. This is what the long-term debt is for. In 2002, jetBlue financed $416 million in long-term debt for new aircraft purchases.
Based on just 2002 costs, jetBlue could have given all employees a 75% increase in wages, and it would still be 25% less than the current year cost of aircraft ownership. Of course, if jetBlue had done so it would have resulted in a break-even year for net income. I appreciate your sarcastic advice about brushing up those books, but it wasn't necessary. I thought it would have been apparent to you as well, but that's what I get for assuming that other professional airline pilots out there can pull out rudimentary financial statement information when needed.
BTW, when you quoted jetBlue's aircraft rent costs as a ratio of their CASM, you failed to understand that this cost only covers the lease costs, and nothing else. As you should know, this is barely scratching the surface of the the total cost of aircraft ownership by an airline, as I've outlined above.
I obviously offended you and apologize for doing so, since this is not my desire. I guess I'm somewhat frustrated by the lack of business knowledge so many pilots have. Yet the stone doesn't get advanced any further when supposedly objective discussions take place.
I'll admit I see some things with "colored" lenses, but I feel that I have a very good understanding of the basic drivers in this business. While you and others may feel adamant about what's right for the "profession" and quickly remind everyone of ALPA's talking points, and about maintaining industry-leading wages, and the critical value of RLA collective bargaining standards, it neglects one simple fact. You work as an employee of a business that isn't a public utility or government bureaucracy. It must sustain itself financially and make money to keep you employed. If they can't do that, then you'll be out of a job.
Based on what I've observed in this business over the last 23 years, I'm willing to trade off some of that gold for more stability, peace of mind, and long-term growth for the engine that feeds my company's financial future. Despite what you think, our two companies are not the same, and will therefore never be compared in the way you'd like it to be.
I have as much right to feel that way, as you do about your position. You have no moral superiority over me in this way. I've been accused of being a jetBlue kool-aid drinker, but its no worse than being an ALPA kool-aid drinker. I really hope you get back to work soon, but don't blame me, or the jetBlues of the world, for your current personal financial recession.
This profession has demonstrated time and time again how quickly it will turn on itself, eat its young, and create a caste system, all for the convenience of those have the advantage to do so. Please don't feed me that worn out old line that "we're all in this together" for the good of the fraternity of professional pilots. I stopped believing in the tooth fairy a very long time ago.