JetBlue’s Future

[arkflyr]

We need to charge more because of fuel costs, but then you out-price cash-strapped customers.

The red lights are flashing everywhere, credit card delinquencies are in the rise and while they could be cherry pickling, someone with an income of 194,000/year falling behind doesn’t bode well for the K shaped recovery.

Despite her $194,000 salary, Clarke’s Chase Sapphire credit-card balance had crept up to $15,000. She could afford the $572 monthly minimum, but with a 26% interest rate, it barely made a dent.

Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill — The Wall Street Journal

Soaring interest rates and stubborn inflation have led to highest delinquencies since the financial crisis; ‘a pattern of survival debt’

apple.news

 

[word302]

Ramit Sethi (I Will Teach You To Be Rich) is like an anti-Dave and fun fact I met him in person a long time ago. But there’s a personal finance subforum for this..

…back to the topic of JetBlue… I don’t •in know. Like I said above, being squeezed between active attempts to quash large portions of the travel industry and fuel costs doubling overnight, none of us are in a great place right now. But hey, at least yall didn’t bet the house on a big expansion into widebody international flying…

Hey, if you'd just look at the charts you'd see this is just normal midterm stuff.

 

[mwflyer]

The red lights are flashing everywhere, credit card delinquencies are in the rise and while they could be cherry pickling, someone with an income of 194,000/year falling behind doesn’t bode well for the K shaped recovery.

Despite her $194,000 salary, Clarke’s Chase Sapphire credit-card balance had crept up to $15,000. She could afford the $572 monthly minimum, but with a 26% interest rate, it barely made a dent.

Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill — The Wall Street Journal

Soaring interest rates and stubborn inflation have led to highest delinquencies since the financial crisis; ‘a pattern of survival debt’

apple.news

Truth. I read that article yesterday and thought the same thing. 194k income and only paying the minimum each month. What in the hell are her other expenses?

 

[CoffeeIcePapers]

Like all things, depends. I’m doing a 30 yr mortgage to be done in 3.5 yrs. I’ll take this 3.5 yr pause, for 26.5 yrs of financial security and mental peace of mind. P&I for me is 7 grand. If this pilot job goes belly up, it would be nice to not have a mortgage payment over one’s head.

Granted, I’m in at 6.625% but I would do the same for even 3%. I’ll have the remaining 26.5 yrs mortgage free (of the 30 yrs) to invest like crazy and make it up. Sure, I lose out on these 3.5 yrs but whatever. To me, it’s worth the mental peace of mind.

It’s also not a bad idea to pay down your mortgage aggressively when all other investments seem overvalued.

 

[///AMG]

Honestly man that's the other reason I hate Ramsey. If you followed his advice you'd never spend money on anything. Life is short. Live within your means but take that vacation. Buy that truck. If you wait until retirement you're gonna be too old to enjoy your money.

I agree. I mean i agree with all the other stuff about airlines and how nobody is really facing the reality that is likely to come. But i know that. Or at least i suspect that, and assume it to be true in pretty short order. But I also found out a month ago that i owe 5 digits of back-taxes for 2022-2024. And we are still being forced by the Island County Health Department to replace our two septic tanks (~$20k). Oh and i committed to a car project before any of this and bought all the parts already. So against that background, and the hit my emergency fund/cash reserves have taken, it would seem not smart to take a week vacation to Finland and Iceland later in June. But you know what? It was a plan we had for my mom’s 80th birthday celebration. My dad died a couple years ago at 88. She’s in amazing health right now, works out every day, zero health issues, but in reality we dont know how much longer she will be that way or be able to take such a trip. My dad was perfectly healthy before he was diagnosed with pancreatic cancer and died 4 weeks later. He’d never in his life been to a hospital for anything, and had no health issues either. Life is crazy, you never know when you wont get a chance. In hindsight, I’m so glad that we made the effort for them to come up for my most recent military promotion, the summer before. He swore me in/read me the oath of office/pinned on my new rank (likely the last I’ll stick around for, and also his final rank, 16 years after he pinned on my first one) on the beach off the end of RWY25 at KNUW, and he was dead 5 months later. TMI, i guess i just really “get” the idea of “take that vacation/spend that time with your family now”. And also buy that ridiculous second “fun” car and then spend $20k on mods/transmission swap/have fun while you can. If it isn’t breaking the bank, but it is maybe not what Ramsey would advise, maybe that’s ok.

 

[///AMG]

The red lights are flashing everywhere, credit card delinquencies are in the rise and while they could be cherry pickling, someone with an income of 194,000/year falling behind doesn’t bode well for the K shaped recovery.

Despite her $194,000 salary, Clarke’s Chase Sapphire credit-card balance had crept up to $15,000. She could afford the $572 monthly minimum, but with a 26% interest rate, it barely made a dent.

Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill — The Wall Street Journal

Soaring interest rates and stubborn inflation have led to highest delinquencies since the financial crisis; ‘a pattern of survival debt’

apple.news

So i think this does play more into Ramsey’s advice. First of all, $194k isn’t close to what it used to be 10-20 years ago. Secondly, if she lives in NY or SFO or LA like i would imagine she probably does (maybe not, i dunno?), it’s even less of a good salary. But to the Ramsey point, what are the monthly expenses like? I know people with enormous mortgages, multiple car loans, private school tuitions, nanny’s, country club memberships, and so on. That are big 3 FO’s. That’s f’ing crazy in my mind. My mortgage is $2k/mo, and we have no other debt, and our main expense is groceries/food. But even just a regular Joe like me in a big metro area has immense monthly expenses, not out of carelessness, but out of necessity. I’m sure that if we lived in SEA proper, or even anywhere close, our monthly expenses would be double or triple what they are now. Probably even more. $200k is the new 100k, and that was only ever a good salary in rural/midwest/non-west/east coast metro areas since maybe the early 1990s. In a city, $200k is still living paycheck-to-paycheck

 

[Roger Roger]

Hey, if you'd just look at the charts you'd see this is just normal midterm stuff.

 

[Kingairer]

Good news guys, the real estate developers could not get a deal together with Iran, and negotiations are over for now. Gas will surely go up. We will win this war again in about a week I am sure.

 

[Roger Roger]

Good news guys, the real estate developers could not get a deal together with Iran, and negotiations are over for now. Gas will surely go up. We will win this war again in about a week I am sure.

But I bet they made a • ton of money insider trading on the false hope of a deal

 

[JordanD]

I agree. I mean i agree with all the other stuff about airlines and how nobody is really facing the reality that is likely to come. But i know that. Or at least i suspect that, and assume it to be true in pretty short order. But I also found out a month ago that i owe 5 digits of back-taxes for 2022-2024. And we are still being forced by the Island County Health Department to replace our two septic tanks (~$20k). Oh and i committed to a car project before any of this and bought all the parts already. So against that background, and the hit my emergency fund/cash reserves have taken, it would seem not smart to take a week vacation to Finland and Iceland later in June. But you know what? It was a plan we had for my mom’s 80th birthday celebration. My dad died a couple years ago at 88. She’s in amazing health right now, works out every day, zero health issues, but in reality we dont know how much longer she will be that way or be able to take such a trip. My dad was perfectly healthy before he was diagnosed with pancreatic cancer and died 4 weeks later. He’d never in his life been to a hospital for anything, and had no health issues either. Life is crazy, you never know when you wont get a chance. In hindsight, I’m so glad that we made the effort for them to come up for my most recent military promotion, the summer before. He swore me in/read me the oath of office/pinned on my new rank (likely the last I’ll stick around for, and also his final rank, 16 years after he pinned on my first one) on the beach off the end of RWY25 at KNUW, and he was dead 5 months later. TMI, i guess i just really “get” the idea of “take that vacation/spend that time with your family now”. And also buy that ridiculous second “fun” car and then spend $20k on mods/transmission swap/have fun while you can. If it isn’t breaking the bank, but it is maybe not what Ramsey would advise, maybe that’s ok.

Mildly related but I was talking about this yesterday with my CA when home ownership came up and how expensive it can be. As much uncertainty as there is, we’re incredibly lucky. Our AC unit is probably at the end of its life and if it went out it would be “ugh, that’s annoying” and probably cutting a check begrudgingly. For the average person that would be financially catastrophic.

 

[JordanD]

But I bet they made a • ton of money insider trading on the false hope of a deal

Funny how there’s always an imminent deal every Friday before markets close, then it always falls apart right before the markets open again on Monday.

 

[BEEF SUPREME]

Not according to @BEEF SUPREME . He’s studied the WTI charts and has concluded this really is no different than any other midterm year…

You should stop freaking out about it until it is different from the typical midterm year. The fun part is what comes after the midterm year energy price spike.

 

[Roger Roger]

Like clockwork!

 

[Maximilian_Jenius]

Mildly related but I was talking about this yesterday with my CA when home ownership came up and how expensive it can be. As much uncertainty as there is, we’re incredibly lucky. Our AC unit is probably at the end of its life and if it went out it would be “ugh, that’s annoying” and probably cutting a check begrudgingly. For the average person that would be financially catastrophic.

Happened to us recently. $18k!

Needed new ducting. Our old AC unit was twenty-five yrs. old. Also the newer systems, don't take Freon anymore.

Didn't cut a check, but dropped a decent five figure first check. Payments aren't too bad. We were dreading doing this, but they offered us a $2k discount. Lots of discounts and rebates out there, get one now, before the discounts/rebates disappear.

 

[Roger Roger]

I remember last midterms when the Biden administration was trying to block international flights going to red states

 

[derg]

Good news guys, the real estate developers could not get a deal together with Iran, and negotiations are over for now. Gas will surely go up. We will win this war again in about a week I am sure.

He’s the most war winningest presidents of all time! That was what, three times in the last two weeks?

 

[Richman]

Problem is most people assume trends are going to be the same, or even on accelerating vectors, when almost nothing in nature behaves that way. And yes, people are part of nature.

According to the late Paul Ehrlich, we’re supposed to be all dead right now, and the Earth a blighted wasteland due to wanton overpopulation. A position he held until the day he died, and a lot of fruits and nuts totally bought into the charts and graphs.

The reality is even in the underdeveloped world, birth rates are falling, a lot of the first world places are below replacement rates, and some places are flirting with complete demographic collapse.

Nothing stays bad forever.

Not a prepper by any means, but you want to make sure your essentials are locked up. That includes a roof over your head and food in the fridge. Sure, there’s a low chance of the bank calling your loan because reasons, but as long as their name is on the deed, that risk is not zero.

I spent 2008-09 watching the crisis/real estate meltdown from my patio with a cup of coffee in my hand wondering what all the fuss was going on, because I owned my home. I knew from experience of exactly what I needed to keep the roof and keep the food, without regard to what nonsense was going on. Meanwhile, there was sheer panic all up and down my street.

Is that extra %1-2 return on a marginal amount of money really worth that?

 

[Kingairer]

Problem is most people assume trends are going to be the same, or even on accelerating vectors, when almost nothing in nature behaves that way. And yes, people are part of nature.

According to the late Paul Ehrlich, we’re supposed to be all dead right now, and the Earth a blighted wasteland due to wanton overpopulation. A position he held until the day he died, and a lot of fruits and nuts totally bought into the charts and graphs.

The reality is even in the underdeveloped world, birth rates are falling, a lot of the first world places are below replacement rates, and some places are flirting with complete demographic collapse.

Nothing stays bad forever.

Not a prepper by any means, but you want to make sure your essentials are locked up. That includes a roof over your head and food in the fridge. Sure, there’s a low chance of the bank calling your loan because reasons, but as long as their name is on the deed, that risk is not zero.

I spent 2008-09 watching the crisis/real estate meltdown from my patio with a cup of coffee in my hand wondering what all the fuss was going on, because I owned my home. I knew from experience of exactly what I needed to keep the roof and keep the food, without regard to what nonsense was going on. Meanwhile, there was sheer panic all up and down my street.

Is that extra %1-2 return on a marginal amount of money really worth that?

I would say, at 1-2%, no its not worth it. But 10-15% yes.

 

[HeyEng]

Yeah, it’s become the boomer-version of the Caleb Hammer show.

Oh don't get me started on that college dropout. I had never heard of the • bag until some "VA entitlement" started lots of rage on the socials. Dude is a dick and should just...well, go away, bro.

In the world of financial yahoos, I find the "Financial Samurai" to be one of the better ones. He doesn't appeal to *most* folks because he has been wildly successful in terms of money and a lot of people seem to beat those folks down. For HNW and high income folks, I think there is a lot to be learned from him.

 

[HeyEng]

The red lights are flashing everywhere, credit card delinquencies are in the rise and while they could be cherry pickling, someone with an income of 194,000/year falling behind doesn’t bode well for the K shaped recovery.

Despite her $194,000 salary, Clarke’s Chase Sapphire credit-card balance had crept up to $15,000. She could afford the $572 monthly minimum, but with a 26% interest rate, it barely made a dent.

Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill — The Wall Street Journal

Soaring interest rates and stubborn inflation have led to highest delinquencies since the financial crisis; ‘a pattern of survival debt’

apple.news

I have also noted that in our federal court district (OKC area), bankruptcy filings are about 12% higher this year compared to 2025 (Jan-May period) so things are certainly not as rosy as some would like us to believe. And I have no reason to doubt it'll get a lot worse before it gets any better.