No question Jetblue will be around in one year. Simple math will tell this future:
Total Assets: 4.8 billion
Total liabilities: 2.8 billion.
Ability to weather the storm = 2 billion.
All figures at December 31, 2006 financial earnings press release.
The two billion represents assets that can be sold for book value or higher. Air Canada is selling or leasing 15 A320s this year. The market can withstand sale lease back transactions on either the E190s or A320s, we are not talking about old MD80s or old 737 Classics that are unmarketable at anything beyond 3 million scrap value.