Virgin America and Credit Squeeze

[flyboycmsu]

.....

 

[kwick]

Hey DickBoom,

If you do your homework you'll see that Jet Blue is on the endangered airline list as
most likely to go out of business in 2009, according to the WSJ and NYT articles.

Why throw stones when your in the most fragile house of all, with your 5 year employment contract.

Sorry you didn't get hired at Spirit, but it might have been your attitude.

 

[clickclickboom]

Boy you spirit guys sure are touchy. But if it makes you feel better to rationalize that I was turned down by your company then so be it.

Inevitably time will bear answers and either discredit or validate your observations.

By the way how much unrestricted cash does spirit have on hand and how financially healthy is Indigo?

Some pieces are missing from the puzzle that show the whole picture but it is pretty easy to figure out if you take a look at the box...

Ask Yourself If i win the battle can I win the war?

 

[curtaindriver]

Hey DickBoom,

If you do your homework you'll see that Jet Blue is on the endangered airline list as
most likely to go out of business in 2009, according to the WSJ and NYT articles.

Why throw stones when your in the most fragile house of all, with your 5 year employment contract.

Sorry you didn't get hired at Spirit, but it might have been your attitude.

kwick,
Please post those articles you refer to, I searched and can't find anything recent stating that. I'm just curious to read the opinions.
Oh, and Jetblue pilots no longer have 5 year contracts, there is no time date on them anymore....just contracts.

Thanks,
CD

 

[clickclickboom]

CurtainDriver,

the article he is referring to came out about 8 months ago. It named about 100 compamies and jb was named right on the front page along with krispy kreme, sbarro, eddie bauer, six flags, blockbuster

Of course the article didnt take into account retirement of 710 million in debt, a $100 per barrell drop in spot oil prices or the $900,000,000 increase in year over year revenue. Since the article surfaced JB has been upgraded by analysts twice.


ORIGINAL ARTICLE:

http://www.usatoday.com/money/companies/2008-03-21-sp-weakest-links-list_N.htm


November Update adding JB :

http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20081118/FREE/811189982/0/rss01

How about that instead of throwing out insults about " being turned down at a another airline " I provide a factual and unbiased reply regardless of overall personal affiliation.

 

[curtaindriver]

Thanks CCBOOM,

I remember those, I thought maybe there were new ones.

CD

 

[Dizel8]

"The situation is also bleak at JetBlue, according to S&P. The airline has $250 million of debt and has posted net losses for four consecutive quarters. Equity analysts surveyed by Thomson Reuters, however, expect JetBlue will return to the black next year."

The debt has been paid down, forecast is for great operating margin in 2009, ancilliary revenue is increasing, revenue growth of 17% vs 4th quarter last year.

Odds are pretty good, that jetblue will be around a bit longer!

 

[Dizel8]

Here is the CSB presentation from jetBlue:

http://library.corporate-ir.net/library/13/131/131045/items/317438/JBLU_CreditSuissePres.pdf

Page 7 is particularily enlightening, as is page 14!

 

[Green Banana]

Here is the CSB presentation from jetBlue:

http://library.corporate-ir.net/library/13/131/131045/items/317438/JBLU_CreditSuissePres.pdf

Page 7 is particularily enlightening, as is page 14!

Presentation FROM JET BLUE. I know nothing about their situation, I just know to look where the information is coming from. There has been a lot of "rearranging of deck chairs" in this economy if you know what I mean.

 

[Dizel8]

Presentation FROM JET BLUE.

Just reporting, don't blame the messenger. Although, the same info was more or less presented in the conference call as of yesterday.

In the current climate, "massaging" the books will more than likely result in jail time, so yes, I do believe the numbers to be correct!