jetBlue deferring aircraft deliveries ?
03-09-2006, 07:36 AM
#1
Gets Weekends Off
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Joined APC: Nov 2005
Position: C-172A, A320
Posts: 218
jetBlue deferring aircraft deliveries ?
MSNBC reported yesterday (03/09) that:
"JetBlue Airways Corp. would consider deferring deliveries of some aircraft or issuing new equity as it seeks to keep its debt under control, its chief executive said on Wednesday".
To active, REAL jetBlue Pilots (JB Haters, Critics, Kill Bills and other wannabe pilots need not reply):
Which is it going to be? Deferred deliveries or new equity or both?
Any real consequences yet (slow down of crew hiring/interviewing) ?
What does this mean to those of us who have interviewed in January and are in Phase II now? How many of the 17/year A320s have been delivered?
Thanks guys,
can't wait to join.
"JetBlue Airways Corp. would consider deferring deliveries of some aircraft or issuing new equity as it seeks to keep its debt under control, its chief executive said on Wednesday".
To active, REAL jetBlue Pilots (JB Haters, Critics, Kill Bills and other wannabe pilots need not reply):
Which is it going to be? Deferred deliveries or new equity or both?
Any real consequences yet (slow down of crew hiring/interviewing) ?
What does this mean to those of us who have interviewed in January and are in Phase II now? How many of the 17/year A320s have been delivered?
Thanks guys,
can't wait to join.
03-09-2006, 07:55 AM
#2
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Joined APC: Sep 2005
Position: right here
Posts: 95
Originally Posted by Gman
Which is it going to be? Deferred deliveries or new equity or both?
Originally Posted by Gman
Any real consequences yet (slow down of crew hiring/interviewing) ?
Originally Posted by Gman
What does this mean to those of us who have interviewed in January and are in Phase II now?
03-09-2006, 08:57 AM
#4
Gets Weekends Off
Joined APC: Aug 2005
Position: Retired 121 pilot
Posts: 1,033
Originally Posted by Gman
Thanks for the quick reply bluechunks.
Makes me feel a lot better.
Makes me feel a lot better.
FWIW, I think it's way to early to tell, but for me, a red flag has been raised.
03-09-2006, 10:34 AM
#5
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Position: right here
Posts: 95
Originally Posted by fireman0174
FWIW, I think it's way to early to tell, but for me, a red flag has been raised.
Some other examples: 3rd and 4th quarter results, JetBlue's low RASM (from 2000 to present), operational performance trends during 2005, our increasing debt/equity ratio, fuel expenses, ect....
Not that the sky is falling (yet), but this is definitely a challenging era for JetBlue on several fronts.
03-09-2006, 10:52 AM
#6
Gets Weekends Off
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Position: Retired 121 pilot
Posts: 1,033
Originally Posted by bluechunks
Not that the sky is falling (yet), but this is definitely a challenging era for JetBlue on several fronts.
03-09-2006, 01:35 PM
#7
Gets Weekends Off
Joined APC: Mar 2005
Position: A320 FO
Posts: 157
Not happy about this! Management blindsides employees!
Originally Posted by Gman
MSNBC reported yesterday (03/09) that:
"JetBlue Airways Corp. would consider deferring deliveries of some aircraft or issuing new equity as it seeks to keep its debt under control, its chief executive said on Wednesday".
.
"JetBlue Airways Corp. would consider deferring deliveries of some aircraft or issuing new equity as it seeks to keep its debt under control, its chief executive said on Wednesday".
.
Personally, I just love it when all of us employees get blindsided by this type of comment. If this is really true, then it fits. Now I feel just like the pilots at all the other airlines. It would have been nice to have heard something like this before it is mentioned at a public speech. As a stock holder I feel a little let down. As an employee I feel a lot let down! Now, it may be necessary, but......
It just goes to show that our pocket sessions are really nothing but a pep rally and consit of mainly propaganda. The latest session (less than a week ago) would have been a great place to introduce this little item to us employees. If this is not true, then managements needs to let us know ASAP and explain where it came from.
Just my opinion.....
FNG
Last edited by FNG320; 03-09-2006 at 03:05 PM.
03-09-2006, 05:13 PM
#9
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Joined APC: Dec 2005
Position: FO, looking left
Posts: 1,060
Of all the things that caused major airlines to fail post 9/11, I think rapid growth beyond control is often overlooked. United and American were just way too large (They carried over 50% of the U.S air traffic). As a result, they laid of a bunch of workers, slashed their fleets, cut some routes, and restructured. JetBlue is growing faster than any other airline, and as a result their costs are growing. Maybe a slowdown in growth would be healthy for both JetBlue and the airline industry as a whole (given the overcapacity keeping fares down).
Not advocating cutting the fleet, layoffs, or even putting a stop to hiring. Just a slowdown in growth may be the best medicine for JetBlue right now.
Not advocating cutting the fleet, layoffs, or even putting a stop to hiring. Just a slowdown in growth may be the best medicine for JetBlue right now.
03-09-2006, 05:53 PM
#10
AAmerican Way for AA Pay
Joined APC: Oct 2005
Position: B-737 Pilot
Posts: 1,617
Actually, AA and UA had about 36-37% of the US demosetic market. UA had about 16-17%, AA had 20% after they bought TWA's 4%, so together they had only 36-37%, not 50%. They were big, but so was SWA, so was DAL, so was NWA. Now, with the exception of SWA, they all come tumbling down.
And, it's more like hundreds of thousands of airline employees losing their jobs post 9-11.
Also, when 9-11 occured, JetBlue had about 35 A320s. They now have 85+ 320s and E190s. So they have more than DOUBLED their fleet and capacity, and are only now raising their fares.
And, it's more like hundreds of thousands of airline employees losing their jobs post 9-11.
Also, when 9-11 occured, JetBlue had about 35 A320s. They now have 85+ 320s and E190s. So they have more than DOUBLED their fleet and capacity, and are only now raising their fares.
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