Stale Green Light

The stock market finally rallied after European officials approved a rescue plan that will help the financially troubled nations in Europe and stabilize the euro.

This plan involves nearly $1 trillion dollars and because of the size and the scope of this rescue plan the stock market seemed to approve.

The Dow Jones industrial average gained 405 points. This means that the market closed with a 3.9% average, the biggest one-day point and percentage gain since March of 2009.

It was not just the Dow Jones industrial that reacted positively to this news, but stock markets all around the world.

There have been months of concern about what would end up happening to the euro and the financial repercussions it could have on the rest of the world’s stock markets.

Airbus A320

JetBlue has decided to decrease the amount of its aircraft deliveries.

Embraer 190s

For the Airbus A320s, the deliveries have been decreased by half, from eight to four air crafts. Alternatively in the case of the Embraer 190s, the decrease in deliveries is significantly smaller, from five to four air crafts.

These delivery cut backs are only for the year 2010. In the year 2012, JetBlue plans to further decrease their deliveries to only two Airbus A320 deliveries and seven Embraer 190s. In contrast, as recently as 2006, Jet Blue was accepting the deliveries of a new plane every 10 days.

The change in JetBlue’s air craft deliveries comes from the fact that by controlling the airline’s growth, they will also be steadying the airline’s cost.

This information was released on Tuesday afternoon by JetBlue’s CEO, Dave Barger, at a investor conference.

Dave Barger

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As we said in a previous blog post, executives are still dealing with constant Toyota car recalls.  Unfortunately, on the same day as a demonstration on how car computers can’t make the accelerator pedal stick a Southern Californian man had the ride of his life with his runaway Toyota Prius.

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