Here how it starts. In a few years... You live in NYC and need to get to airport. Walk to one of many buildings with a vertiport, on the way open uber app and book a ride for 30-50 bucks. and your at JFK in 5 minutes, for less then the ride a helicopter, and just slightly more then a taxi/uber. Then, a few years later. Still in NYC area, now way out on Long Island. You and wife want to go into Manhattan for a show. Drive the 2 miles to a vertiport, park and fly into the city for 100 bucks. Ten minutes later your on the roof of paramount plaza. No trains, no bums, no sticky seats. A few years later you retire to middle of nowhere. Need to fly to see the grandkids in omaha. You drive to town center, park in small parking garage and on the roof is a vertiport. Book a ride the 150 miles to nearest major airpot and catch your flight. In 25 years, there are going to so damn many of these fucking things flying overhead, your gonna be muttering to yourself about how you remember when the moon was still visible and there wasnt the constant hum of highways in the sky. This is going to happen in every major city in the world. Yes rich people will buy them as toys and GA will sport a few, but thats not the market. The real money to be made is in the 24 hour business of shuttling people to and fro.

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Jetblue isn't necessarily profitable, they just had an operating profit. Their GAAP net income showed a loss of about 74\~ million. Also, saying that the average gas fuel will continue to decrease (or stay the same at $2.4) is wrong. Jetblue benefited from lower fuel in Q2 but they projected an increase in prices for Q3, estimating about $2.5-2.65. Still lower than $2.8 but its higher than their Q2 prices. Another thing is the partnership with United will commence in phases, with the most anticipated one (United using Jetblue JFK slots) not taking place until 2027. So its unclear if the price will jump very much on this earnings call if we're looking at this as a catalyst. Some other things to note is that while fuel is at lower prices, their Cost per Available Seat Mile-exfuel (CASM ex-fuel, meaning their costs outside of fuel) are at levels higher year over year. A big part of that are interest cost that could be sticky. Plus, they reported the issue of engine constraint overhang. Planes have been grounded for maintenance and repairs/inspection. It's said that a lot of it will be resolved by 2025, but the issue will continue until it gets fully resolved in 2027. Less planes in the air = fewer seats to sell = worse unit cost. Margins will be hurt by this. one minor sidenote thing is that there is an ongoing DOT review for anti-competitiveness, Spirit doesn't like the partnership with united. DOT did ultimately complete it's review but there's an ongoing antritrust optics risk which should tame their partnerships a bit. Anyways, I'm probably going to buy some calls

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