JetBlue Latest and Greatest
#7151
Gets Weekends Off
Joined APC: Sep 2014
Position: fifi whisperer
Posts: 1,255
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According to this article it's $2-3B for the expansion.
https://thepointsguy.com/news/jetblu...ansion-at-jfk/
So maybe more than half our market cap.
I didn't realize how expensive it was going to be. This doesn't bode well for expanding the fleet size. We will be leveraged up to the hilt.
If we had held cash instead of buying back $1B of stock at $22/share maybe it wouldn't require as much financing.
Maybe we can use the steady stream of profits from our tech ventures to pay for it.![Roll Eyes (Sarcastic)](https://www.airlinepilotforums.com/images/smilies/rolleyes.gif)
https://thepointsguy.com/news/jetblu...ansion-at-jfk/
So maybe more than half our market cap.
![EEK!](https://www.airlinepilotforums.com/images/smilies/eek.gif)
If we had held cash instead of buying back $1B of stock at $22/share maybe it wouldn't require as much financing.
Maybe we can use the steady stream of profits from our tech ventures to pay for it.
![Roll Eyes (Sarcastic)](https://www.airlinepilotforums.com/images/smilies/rolleyes.gif)
Agree the stock buy back is a waste. Whats worse, is that after pumping that much money into the company, all we have to show for it is a 20% decline in stock price. A true waste.
However, if we are purchased, the real estate we control (like JFK 5-7) would likely be the biggest selling point. So I don't think spending the money on real estate is a bad course of action (as opposed to spending billions on something that costs 1B+ to lose 20%.
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#7152
Banned
Joined APC: Feb 2009
Posts: 1,445
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Agree the stock buy back is a waste. Whats worse, is that after pumping that much money into the company, all we have to show for it is a 20% decline in stock price. A true waste.
However, if we are purchased, the real estate we control (like JFK 5-7) would likely be the biggest selling point. So I don't think spending the money on real estate is a bad course of action (as opposed to spending billions on something that costs 1B+ to lose 20%.
However, if we are purchased, the real estate we control (like JFK 5-7) would likely be the biggest selling point. So I don't think spending the money on real estate is a bad course of action (as opposed to spending billions on something that costs 1B+ to lose 20%.
I do wonder though, is JFK slot restricted or gate restricted? In other words will the new gates be worth much if the runways/airspace is already saturated? I honestly don't know.
#7153
Covfefe
Joined APC: Jun 2015
Posts: 3,001
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I actually agree. While tying up that much capital in the terminal 6-7 will hurt the junior pilots (until we can afford to grow again if ever), at least it's a smart business move.
I do wonder though, is JFK slot restricted or gate restricted? In other words will the new gates be worth much if the runways/airspace is already saturated? I honestly don't know.
I do wonder though, is JFK slot restricted or gate restricted? In other words will the new gates be worth much if the runways/airspace is already saturated? I honestly don't know.
#7154
Banned
Joined APC: Feb 2009
Posts: 1,445
#7156
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It is a lot, but regardless of what happens with slots JB will make $$$ by leasing gate space to our many codeshare partners. They will probably make more money doing that than anything else (well, potato farming is a close 2nd
)
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#7157
Gets Weekends Off
Joined APC: Dec 2008
Position: Left,Right, Left, Right,Right,Left, Right, Left
Posts: 3,150
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#7158
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,928
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And all of the restaurants and bars and shops and everything else. They will be just fine.
#7159
#7160
Line Holder
Joined APC: Apr 2013
Posts: 56
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