There was a story about the 10,000 passenger today (note picture below).. Here was one line in the story:
"Massport’s contract to operate the airport expires in June 2007, Ms. Jacobson said. Formal discussions on renewing that agreement will begin after a master plan for the 1,300-acre airport is complete in the fall. A master plan meeting was held Wednesday night, and the third and final meeting is scheduled for the fall, she said. "
We should be in discussions now, even broaching the subject of selling ORH. In addition we should be talking to other airport management companies, any other possible suitors now.
Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
having 11 bosses who are not on the same page about anything, as well as
suggestion...
6 months ago
3 comments:
And your second leverage play?
JetBlue Airways. I've used their services to and from Florida, and I like the way they do business. Everybody is friendly and the prices are low. The stock is about 10.50 and the 52-week range has been just under 17 to 8.93. The company has 173 million shares and revenue of $1.7 billion, so there's a lot of leverage in the revenue. This year revenues will rise about 35%-36%, to about $2.3 billion. The company lost money in the first quarter but says it will be in the black in the next three quarters. They are still expanding their routes. They've been growing at better than 30% for years and next year will continue to grow by 20%-25%.
Archie MacAllaster's Picks
Company Ticker Price 6/14/06
SuperValu SVU $29.58
JetBlue JBLU 10.87
Doral Financial DRL 6.28
Source: BloombergWhy is the stock down? Fuel costs?
Yes, and the fact that they stopped making money. They've been able to raise prices and expect to make about 50 cents a share next year, even if oil is $75 or so. I think oil will fall to $50-$55. Next year, JetBlue can earn about 50 cents to $1. That's a wide range, but it depends on the price of oil. Airlines in general are going to do well.
Copied from Barrons last weekend, Saturday, June 16,2006
JetBlue is a trend-setter.. Who knows but why not go to them and offer them the airport. Seriously lease it to them for $1 per year?
What do we have to lose.. Sitting here and waiting for a Master Plan makes no sense at all.
According to todays T&G, the folks up at Whalom Park claim the US DOT has up to $2 million available for communities considering connecting their neighborhoods or proposed structures to a bus or train transportatiion system.
Is it possible to get this DOT seed money for the airport to possibly upgrade Mill St. or Cambridge St. under the guise of it being a bus transportation corridor to airport hill? If we need a new structure to qualify, let's build and ORH gazebo.
Yes this is a stretch and $2 million doesn't go too far today, but what the heck, if Washington is paying it's worth a shot.
It sure beats throwing money into the ORH Employee/Consultant Money Pitt. At least we'll walk away with $2M worth ofcapital improvements.
Also, is there any pork in the Beacon Hill 2007 budget for airport hill and if not, why?
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