Originally Posted by
TWA Fan 1
While cash on hand is/was tight before LH, it's interesting to see the endless columns devoted to B6's imminent demise when B6 remains the U.S. carrier with the longest period of profitability since 9/11 and the shortest period of losses since 9/11...
Originally Posted by Financial Report
Net loss for the quarter was $4 million, representing a net loss of $0.02 per diluted share, compared with fourth quarter 2006 net income of $17 million, or earnings of $0.10 per diluted share. For the full year 2007, net income totaled $18 million, or $0.10 per diluted share, compared with a net loss of $1 million, or $0.00 per diluted share, for the full year 2006.
Originally Posted by Dave Barger, JetBlue's CEO
We are delighted to report a profit for 2007 -- our first full-year profit since 2004 -- especially in light of the operational challenges and record high fuel prices we faced during the year.
Emphasis mine.
Do they have the most profit? Or just the most consecutive quarters? I'd take +100/-5/-5/-5 over +5/+5/+5/+5 any year. I have no idea what the numbers are, but I do know that statistics can be used to support whatever purpose you want them to
B6 has $834MM plus $300MM from LH on hand. That's not a ton of money, but they can get by on that with a pretty decent run rate. Of course, I have no idea how the new airplanes coming online and the old ones leaving is going to impact the cash flow, nor do I know what, if any, major debt obligations there may be coming due in the near future.
CASM isn't up too much, but if the domestic market goes at all soft there is going to be trouble; B6 is not diversified enough to withstand a major down-turn in domestic travel.