Jet (almost) Blew

It's gonna be interesting to track the fate of the various parties to last night's sky-high drama. The pilot, and pilots in general, are big winners. Those guys did a fine job.

JetBlue, strangely, is doing well, up 1.4% at time of writing. Dunno, it seems like that landing gear malfunction might look bad. In the short term, at least, Soros squeeks by again.

Airbus, it would seem, is trying to pretend like it didn't happen. No press release on its website.

I would think that maintenance crews at the bankrupt legacy carriers, too numerous to list out, would point to yesterday's events as evidence that the discount carriers were really cutting costs too far, and that the price breaks they offered were in fact unsustainable, a failure of market-oriented risk management similar to the underfinancing of levee maintenance in New Orleans. Here's the consumer perspective: "Well, OK, maybe it's a little dangerous, but hell, I can fly out to Vegas for $79 and get cocktails with those little umbrellas, goddammit!"