JetBlue has become the latest airline to announce route cuts, and to reveal just how dire of a situation they're in. These updates come in the form of a note to employees, which JetBlue has published for the public to see as well. JetBlue describes the situation to employees, noting that they're not going to…
Continue reading: JetBlue Cutting 40% Of Flights, Deferring New Planes, Reveals How Much Revenue Has Fallen
Share your questions, experiences, and thoughts below.
If any airline could hedge fuel costs now, they will come on top when this passes over.
@Sung, great idea! I think airlines are too focused on cutting costs, though or already have prices they are obligated to pay.
Bailouts come in low interest loans, right? Not free money. If it was free money our money would get inflated like crazy.
I mean, maybe. Oil just went down another 14% today. How do you know we're at the bottom?
@Sung
LOL, I wish one of AA DL UA will hire you for management positions. At least I will know which airline will "definitely" go bankrupt.
Do you even know all those airline (used to) hires 1 finance person who does nothing but to monitor and hedge fuel. (position probably got downsized few years ago)
They hedge both short and long term.
And they hedge to control operating cost not to bet on oils, you gamble those on Wall Street.
Pray for JetBlue. We need this competitive force in the aviation industry.
I am grateful JetBlue does not exposure to the European markets yet.
@Sung
I really don't expect much expertise from a travel blog.
But this is as useless as saying everyone should play the lotto, you will be a billionaire.
And I really don't mind at times like this. I need as much entertainment as I can get.
@Sharon
JetBlue is the airline who started the trend to screw passengers who bought tickets before the virus. They are the first to try hoarding cash. I bet they have the weakest financial and if they don't survive (no bailout for you) they will get broken up to pieces and eaten up by AA or DL. Sorry UA this is not for you, EWR isn't New York, LOL.
How much has Jetblue spent on stock buybacks over the last 10 years instead of saving the money for this inevitable type of event? If the government bails them they must pay back all of the money plus high interest to prevent this from happening in the future.
They should have merged when the had the opportunity. Their overstaffed e.g four supervisors one GM thirty five employees small operations. Salaries are way too high . Too many lawsuits employees and passengers. Prior to Covid deep seated issues.
From China with luv - thank u China for screwing up the worlds economy and then providing essential supplies as a knight in shining armor a savior yet you created this mess in the first place. May be if u stop eating bats , dogs and anything that moves the world be much safer . We will have less viruses jumping from one species to another. Go vegan bitches and to all who cry about ur refunds drive