Q2 '09 Results Reported - $20MM profit!
Jul 23, 2009, 6:05 am
#1
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Q2 '09 Results Reported - $20MM profit!
Rather impressive numbers reported this morning for Q2.
http://investor.jetblue.com/phoenix....563&highlight=
Among the highlights, fuel costs are $1.97/gallon, way lower than the $3.17 they paid last year. Still, there was a $42MM line-item loss reported for fuel hedging contracts in Q2. Not great, but not horrendous either. They are 9% hedged for Q3, 22% hedged for Q4 and 15% hedged for 2010.
They seem to have plenty of cash on the books, for now, too. That's nice.
The only minor blemish on the books was that the CASM excluding fuel increased 9.6% over 2008 to 6.12 cents. Not a surprise really but not great.
http://investor.jetblue.com/phoenix....563&highlight=
Among the highlights, fuel costs are $1.97/gallon, way lower than the $3.17 they paid last year. Still, there was a $42MM line-item loss reported for fuel hedging contracts in Q2. Not great, but not horrendous either. They are 9% hedged for Q3, 22% hedged for Q4 and 15% hedged for 2010.
They seem to have plenty of cash on the books, for now, too. That's nice.
The only minor blemish on the books was that the CASM excluding fuel increased 9.6% over 2008 to 6.12 cents. Not a surprise really but not great.
Jul 23, 2009, 3:05 pm
#3
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Yeah, what is exactly to says something from CEO today? Is that B6 is earnings today more profits net is $20M? I'm sure B6 will continues to get better economic need to be improvable. How about B6 will able looking for another more specific new routes coming soon.
Jul 29, 2009, 10:25 am
#5
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I think it does.
I finally got through listening to the rest of the conf call and noted a couple other interesting (at least to me) bits:
I finally got through listening to the rest of the conf call and noted a couple other interesting (at least to me) bits:
- MBJ is the single most successful route B6 has ever launched. They are ridiculously happy with the performance of that route.
- They expect continued growth in the Caribbean market
- The ASMs breakdown by market right now is:
- Caribbean 23%
- TransCon 31%
- Florida 32%
- Shorthaul/other 14%
- Charging for LiveTV is an opportunity "but we have to be very careful." "We're a long way away from converting over to a swipe model for our entire customer base."
Jul 30, 2009, 1:14 pm
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Jul 30, 2009, 2:13 pm
#7
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Barger mentioned in the conf call that the Visiting Friends and Relatives (VFR) aspect of their market segment was huge. These numbers bear that out.