JetBlue and the Runway Debacle; Upgraded at Goldman

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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From Ticker Sense

Many of you have probably read about the disastrous time passengers had on many JetBlue flights coming in and out of the Northeast in the past couple of days.  After twiddling his thumbs on the runway for hours on end waiting to take off, one young lad interviewed by CNBC this morning called the scene "chaos." 

We have no comprehension of what must be going through the mind, if anything, of the person or persons in charge of making the decision to keep passengers on the tarmac for up to 10 hours, but it is ten times worse if you have already landed at your destination and then have to wait 8 hours to deplane.

That is just what happened to flight 1048 from Nashville yesterday:

On Flight 1048 from Nashville, passenger Yossi Gleiberman, 41, of Brooklyn, reported landing on time at 10:10 a.m.

"Now it’s after 6 p.m. and we’re still here," Gleiberman told the Daily News via cell phone from the plane. "They’re feeding us, but there’s 50 of us who want to get home."

Gleiberman said the bathrooms were overflowing and he could no longer stomach the blue chips given him and other passengers.

"I’ve eaten six bags of chips," he said. "I need an antacid."

Yes, Mr. Gleiberman, we would need our antacid too.

Nonetheless, Goldman Sachs upgraded JetBlue (JBLU) this morning from Neutral to Buy.  Below are their historical calls on the stock.

Jblugs

http://www.tickersense.typepad.com/

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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