JetBlue TrueBlue - Q2 Results Released - ($7MM)

http://investor.jetblue.com/phoenix.zhtml?c=131045&p=irol-newsArticle&ID=1177482&highlight=

Actually pretty good numbers overall. Yields and RASM were both up pretty good, but CASM was too, which is bad. Particularly concerning is the increase in CASM outside of fuel costs. Most other carriers seem to have cut or remained level in that area.
JetBlue's operating expense per available seat mile (CASM) for the second quarter increased 22.8% year-over-year to 9.99 cents. Excluding fuel, CASM increased 4.7% to 5.59 cents.

And 10 E190s have been deferred from 2009-11 to 2016.

I would not say these numbers are "good" but for the current state of the economy and this industry, they are definitely not bad. Who knows what it will do to the stock though. Things would have been a lot worse if 47% hedges were not in place. Ex-fuel CASM increase of ~5% is not good, but JetBlue still has very controlled costs.

Is this the first time a round of E190 deferrals has been announced?

Also, if no growth occurs in 2009, where will the somewhat expanded fleet go? Is connecting-the-dots further not considered here?

Wirelessly posted (Mozilla/4.0 (compatible; MSIE 4.01; Windows CE; PPC; 240x320))

I just spent 4 days shuttling around the Northeast and Florida and we were full all 4 days. While loads don't indicate profits, several people mentioned paying higher fares. I was still amazed to see 90 or better all 4 days.

In June I virtually flew all 190 flights with my line. Worked a max schedule. Lowest load I had on the 190? 88, amazing.

JBLU is up over 4%. This is one of the only industries I can think of where a loss equates to jump in stock price. :D

That non-fuel increase is mostly attributed to the 190's and 320's going through the heavy maintenance lines.

The sale of older aircraft definetely helps here but with the oldest planes now at 10 years this begins some really expensive checks.

That non-fuel increase is mostly attributed to the 190's and 320's going through the heavy maintenance lines.

The sale of older aircraft definetely helps here but with the oldest planes now at 10 years this begins some really expensive checks.

B6 already offloaded their oldest birds once to avoid the maintenance costs; that isn't an approach that can be maintained over time. It is pretty good that B6 is holding down costs even with the big ticket items, but it'll be interesting to see how they manage with that over time as they are going to have more and more heavy maintenance requirements in the coming years.

As for airlines being the only industry where a loss=stock price jump, see also dot.com from ~ 10 years ago. ;)

I don't believe JetBlue has any 10-year old aircraft. Maybe I am wrong, but I believe the first A320 was delivered in late 1999 and has since been sold off. I would think the oldest aircraft is about 7-8 years? And there are only a few of those. The fleet doesn't stay young forever, but it's still one of the youngest around.

I saw N506JB "Wild Blue Yonder" the other day.

I don't believe JetBlue has any 10-year old aircraft. Maybe I am wrong, but I believe the first A320 was delivered in late 1999 and has since been sold off. I would think the oldest aircraft is about 7-8 years? And there are only a few of those. The fleet doesn't stay young forever, but it's still one of the youngest around.

The FAA ages aircraft differently, for instance N503JB was built in late 1999 and is considered 1 year old at that point. So this year it will be 10 in aircraft aging, and will begin a new set of checks going forward, new landing gear, etc.

The FAA ages aircraft differently, for instance N503JB was built in late 1999 and is considered 1 year old at that point. So this year it will be 10 in aircraft aging, and will begin a new set of checks going forward, new landing gear, etc.

You also need to take into consideration the usage or mileage. In aircraft terms that equates to hours in service, and Takeoff and Landing cycles.