JetBlue Latest and Greatest
12-14-2017, 07:43 AM
#5002
Gets Weekends Off
Joined APC: Feb 2008
Position: B6
Posts: 780
Jetblue share buyback to total $750,000,000. For anyone out there who thinks the company cannot afford our ask, or for the folks who don't want to "bankrupt the company".
https://finance.yahoo.com/news/jetbl...112611486.html
https://finance.yahoo.com/news/jetbl...112611486.html
12-14-2017, 08:15 AM
#5003
Gets Weekends Off
Joined APC: Sep 2008
Position: FO
Posts: 302
Jetblue share buyback to total $750,000,000. For anyone out there who thinks the company cannot afford our ask, or for the folks who don't want to "bankrupt the company".
https://finance.yahoo.com/news/jetbl...112611486.html
https://finance.yahoo.com/news/jetbl...112611486.html
12-14-2017, 08:30 AM
#5004
Gets Weekends Off
Joined APC: Feb 2008
Position: B6
Posts: 780
Good info. So other than speculating that this could effect negotiations, (there is no proof of this without them admitting) why would they do this?? I am looking for someone that knows why a company would make this purchase. I think they bought 500 million in shares about a year ago. My thoughts are to increase stock price, or lower cash for an acquisition.. etc. I honestly have no idea.
Here is a good article -
https://www.forbes.com/sites/aalsin/.../#75699d196b1e
"Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses"
12-14-2017, 09:38 AM
#5005
Gets Weekends Off
Joined APC: Dec 2008
Position: Left,Right, Left, Right,Right,Left, Right, Left
Posts: 3,150
I'm not too savvy on this topic but, I did some searching this morning. Basically from what I gather, said company literally has so much extra money and they have exhausted all ways of spending it.
Here is a good article -
https://www.forbes.com/sites/aalsin/.../#75699d196b1e
"Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses"
Here is a good article -
https://www.forbes.com/sites/aalsin/.../#75699d196b1e
"Buying back company stock can inflate a company’s share price and boost its earnings per share — metrics that often guide lucrative executive bonuses"
12-14-2017, 09:55 AM
#5007
Gets Weekends Off
Joined APC: Jan 2006
Position: retired EMB-145 CA
Posts: 115
BS wasn’t a bad pilot, given my expectations after the stories I heard. I don’t think I’d be much better if I flew once a month. That said, the time I flew with her wx was great and it was a quick easy day. Furthermore, she pays more dues than anyone else at this airline, as I understand it. She flies on her days off (for free, and buys trips from people) because she enjoys flying, and says she wouldn’t give it up. She’s ok in my book, but I’ve only flown with her once and that’s the limit of my interaction with her. Other guys I know who flew with her had similar experiences. But I’ve read and heard stories to the contrary, so ymmv.
12-14-2017, 09:58 AM
#5008
What’s it doing now?
Joined APC: Mar 2011
Position: 190CA
Posts: 726
Buying back stock is short term gain for a few spun to be “good for everyone”. It’s like a pilot who sells back all their PTO. Quick boost to earnings, but maybe you should have invested in your long term health and ability to continue working by taking care of yourself. Instead the money will be gone soon and you’ll be calling in sick with no PTO to cover it.
I think we’re good at what we do. Invest that money in growing jetblue and then “everybody eats”.
12-14-2017, 01:43 PM
#5009
Banned
Joined APC: Feb 2009
Posts: 1,445
Hmmm, new interiors, better ground equipment at outstations, a little less aircraft utilization so we can have a few more minutes to turn a plane and actually be on time? Or even paying people a market rate for the excellent work they do?
Buying back stock is short term gain for a few spun to be “good for everyone”. It’s like a pilot who sells back all their PTO. Quick boost to earnings, but maybe you should have invested in your long term health and ability to continue working by taking care of yourself. Instead the money will be gone soon and you’ll be calling in sick with no PTO to cover it.
I think we’re good at what we do. Invest that money in growing jetblue and then “everybody eats”.
Buying back stock is short term gain for a few spun to be “good for everyone”. It’s like a pilot who sells back all their PTO. Quick boost to earnings, but maybe you should have invested in your long term health and ability to continue working by taking care of yourself. Instead the money will be gone soon and you’ll be calling in sick with no PTO to cover it.
I think we’re good at what we do. Invest that money in growing jetblue and then “everybody eats”.
The long term health of the company or goodwill of the empolyees isn't on their radar. I know we all wish this weren't true but it is. Unfortunately short term bonuses drive corporate thinking these days. Our ELT is no different.
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