SoftLanding
Senior
- Joined
- Jul 25, 2005
- Messages
- 255
- Reaction score
- 1
Hey LandingSoft (you're dyslexic, right?): 😀
Sure, Neeleman said this and Neeleman said that. IIRC, he said something last year about his airline being profitable even with sky-high oil prices, and we see now how well that worked out for him. B)
Neeleman's said a lotta things. I take nearly all of it with a grain of salt. He's as much salesman (or more so) as he is a smart CEO. He talks a good game, and still loses something like $42 million in the 4th quarter last year.
Climbing out of the profit-losing club is a lot harder than it looks. Sorta like climbing out of a tar pit. Maybe B6 can do a miraculous turnaround this year. My money says it's doubtful. Increasing maintenance expenses, high fuel costs, too many new airplanes coming on line - the deck looks stacked against Dave. But I've been wrong before.
Well,
the Needleman's comments are also in their SEC filings, (not that means a heck of a lot).😉
Likewise, they can/may continue to loose $$$.
Just one thing stands in the way of making money: OIL prices...If not lower, JBLU will continue to loose money flying passengers, like all the other airlines. If oil surprises to the downside...
The run-up in most airline stock is for a reason. (Excepting JBLU) Does Big Money have a feeling on the direction of oil prices? Just askin'...
🙂