Look at the cash flow numbers. Most if not all of that cash is generated from the stock issues or paid as advance payments from suppliers to get business. The net income number is also inflated because the labor cost reflect no cost for retires and labor cost are low compared even to Southwest because it is a startup. Jet Blue has yet in any quarter meet cash requirement through operations. The stock price is a joke. Jet Blue is the Dot Com of airlines. Even Southwest model is broke although to a lesser degree than the others. The only more foolish thing than the stock price of Jetblue is the fact that Delta is trying to imulate them and sees it as a solution. In the future the whole equation must change but because this does not happen quickly there will be a lot more carnage before stability in the market place and 4-7 years will pass. There is no place in the market for a US Air or United. It would not surprise me to see Southwest earnings turn to the negative within the next 18 months. There is no question that people want to travel. The problem is a majority of the passengers are not willing to fly unless it is at a rate below the cost to supply the seat. As recent as two years ago 9% of the seats paid for 49% of the cost. The problem now is that 1/2 of that 9% is cost conscious and either will not fly because there are viable alternatives or needs to fly on a cheap fare. The loads are way up its just the high yield pax is not as prevalent. Part of this is technology, part is budget and some is no person I know over the age of 10 looks forward to a trip on a common carrier. Chris Myers RT Simpson wrote: > The cash cow continues to crank out profits at JetBlue: Q4 Net Income of > $15.2m on revenues of $187m. And here's an impressive number - cash on hand > a whopping $246m!! Hmmmm..methinks this is a well positioned carrier for the > upcoming assault by Delta's whippersnapper, Song. > > RT Simpson > Phoenix > > btw...for those of you with idle cash, JBLU stock is NOT a screamin' deal. > The upside potential has pretty much maxed out. But hey, it's your money! -- Sincerely, Chris Myers 281-584-0029 x217 800-639-0450 x217 This message may contain information that is CLIENT PRIVILEGED, or otherwise PRIVILEGED or CONFIDENTIAL. If you have received this communication in error, please erase all copies of this message and its attachments and notify us immediately. Thank you.