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Staying or Going... JetBlue edition

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Staying or Going... JetBlue edition

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Old 02-01-2024, 05:58 AM
  #51  
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Originally Posted by Boomer
I spent a decade at a little airline called Comair. There were dozens of red flags over the years: displacements, bankruptcy, deferred orders, concessionary CBAs, lost flying bids... each time I thought to myself "This is just a setback, stick it out and you'll be glad you did."

We spent most of those years "Shrinking to Profitability" and then Delta said "You're too small and we're just shutting you down." In my time at JetBlue I have never felt like I was back at Comair. But this is really starting to feel like Comair.
You're comparing apples to oranges with a fee for departure regional, and a major airline. I get the frustrations, but I'm cautiously optomistic awaiting the investor day in May.
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Old 02-01-2024, 06:02 AM
  #52  
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Originally Posted by ARL120384
Yeah I hear ya and I agree. I'd say up until about a year or so ago you could jump around without issue. Now, things are slowing to normal rates, and even though upgrades at the legacys are still junior, youll still be looking at a 15,000+ seniority number that may not mean much, until the music stops. Granted, legacys have the retirements to keep you moving up the list.

I liken the industry to the market. If you take a micro look at the operation day to day, you'll lose your mind following the ups and downs. If you scroll out and look at how the company has evolved since 1999, it paints a different picture. I try to stay positive because 1) I'm not leaving, and 2) there's nothing any of us can do so why get all fired up. We'll get through this.
I’m old enough to remember when pilots from the Big 3 were trying to get in at FedEx, because it’s a much more stable career now that everyone is afraid to fly due to Covid. Now that same airline has a pathway program to PSA. The only constant in this industry is change.
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Old 02-01-2024, 07:08 AM
  #53  
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Originally Posted by Boomer
I spent a decade at a little airline called Comair. There were dozens of red flags over the years: displacements, bankruptcy, deferred orders, concessionary CBAs, lost flying bids... each time I thought to myself "This is just a setback, stick it out and you'll be glad you did."

We spent most of those years "Shrinking to Profitability" and then Delta said "You're too small and we're just shutting you down." In my time at JetBlue I have never felt like I was back at Comair. But this is really starting to feel like Comair.
Comparing any branded airline to a regional (FFD) carrier is apples to hand grenades. The only lesson from that story that is transferable is that concessions from pilots have never changed an airlines ultimate fate.
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Old 02-01-2024, 09:45 AM
  #54  
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Originally Posted by Noisecanceller
Comparing any branded airline to a regional (FFD) carrier is apples to hand grenades. The only lesson from that story that is transferable is that concessions from pilots have never changed an airlines ultimate fate.
and his story reminds us to not stay at any regional as a lifer if you can help it.

So E190 peeps, come on over to the 320 life. Dont be shy
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Old 02-01-2024, 09:47 AM
  #55  
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Originally Posted by Bgood
and his story reminds us to not stay at any regional as a lifer if you can help it.

So E190 peeps, come on over to the 320 life. Dont be shy

Zackly…………
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Old 02-01-2024, 10:39 AM
  #56  
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Originally Posted by AYLflyer
It's never just that one earnings call, or that one failed merger, but a collection of failures. Eventually, one more bad call is enough to break the camels back. I keep living by my old school aviation advice of "Get hired where you can, when you can, as soon as you can and keep your number", but maybe that advice is dated and the current era of airline hiring means you can jump ship and still land solidly on your feet.
It would be nice for a little transparency right about now about what Plan B is. It’s clear we cannot compete in our current form. How much more “shrinking to profitability” are we going to see? We keep hearing the airline has a bright future and I really hope it does but some details would be nice.
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Old 02-01-2024, 10:48 AM
  #57  
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Originally Posted by gottagetout
It would be nice for a little transparency right about now about what Plan B is. It’s clear we cannot compete in our current form. How much more “shrinking to profitability” are we going to see? We keep hearing the airline has a bright future and I really hope it does but some details would be nice.
They punted that to the May investors day for the analysts. We won’t be privy to live streams or anything but they will be required to disclose the PowerPoint slides in a SEC filing.

this is the one from Dec 2016 shortly after the failed VX bid

https://www.sec.gov/Archives/edgar/d...00175/file.htm
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Old 02-01-2024, 10:55 AM
  #58  
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Originally Posted by Flyby1206
They punted that to the May investors day for the analysts. We won’t be privy to live streams or anything but they will be required to disclose the PowerPoint slides in a SEC filing.
When was the last investor day presentation? 2019? I thought there was a public presentation portion we were able to access. I would expect to see something similar again to at least gin up some good PR for the new plan. I'm sure the real good stuff all happens in person away from the eyes of us commoners.
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Old 02-01-2024, 12:22 PM
  #59  
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Originally Posted by The701Express
When was the last investor day presentation? 2019? I thought there was a public presentation portion we were able to access. I would expect to see something similar again to at least gin up some good PR for the new plan. I'm sure the real good stuff all happens in person away from the eyes of us commoners.
I think there was also one in 2019ish. I edited my above post and included the one from 2016. I remember we had some sort of rah-rah live streamed presentation where barger and Joanna were dancing around and all but that wasn’t the same as the investor day presentation open to just wall st.

Youre exactly right the real meat and potatoes get discussed in private. Stuff like this:

https://glginsights.com/expert-calls/
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Old 02-01-2024, 12:37 PM
  #60  
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Originally Posted by Flyby1206
I think there was also one in 2019ish. I edited my above post and included the one from 2016. I remember we had some sort of rah-rah live streamed presentation where barger and Joanna were dancing around and all but that wasn’t the same as the investor day presentation open to just wall st.

Youre exactly right the real meat and potatoes get discussed in private. Stuff like this:

https://glginsights.com/expert-calls/
I was wrong, it was 2018. In my defense time has no meaning anymore so there's that. It looks like there was a webcast fwiw. I think hats where they made the ill-fated promise for $2.50-$3.00 EPS in 2020.
https://ir.jetblue.com/events-and-pr...y/default.aspx

I do remember that rah rah session in 2019. That was the unveiling of the Europe plan like it was the new iPhone, right? Hopefully this has more substance and less rah rah and black turtlenecks.
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