JetBlue CEO Joanna Geraghty raised eyebrows with a memo addressing bankruptcy rumors, but I think the important takeaway is that she
With this said, we’re operating in an environment that is more challenging than we had expected at the beginning of the year particularly as it relates to fuel prices. We’re approaching the current situation with discipline and care. We’re actively managing what we can control, including capacity (the amount of flights we operate), pricing, and costs, and we’ll share more detail on next week’s earnings call.
And, as Ursula has previously shared, we do have liquidity (money in the bank) and access to additional sources of capital to get more money in the bank. Last week, we entered into an agreement to borrow $500 million against 22 of our aircraft, with the option for an additional $250 million if we need it. Of course, accessing that capital brings with it additional interest expense so we are being thoughtful as to how we approach things.
A great solo travel tip spotted this week on Live and Let's Fly.
