Rob Wiesenthal: And like I said, with the cash as well. All right, so let me take the cash one first. Yes. We added to the cash balance of our company this year, this quarter I mean this quarter from what, $170 million or $174 million [ph], roughly. And we hope to continue doing that in the years to come. So we do have a lot of cash. The good news from our perspective is obviously the debt markets are closed, valuations on the private side are down. And if there’s ever been a better time for us to make purchase, strap on, kind of bolt-on acquisitions for Medical, where we see a lot of opportunities and maybe some other places, now is the time. But they have to be something that low risk in terms of integration, accretive day one, and really where the platform we built can supercharge the value to us.
And we’re looking at those, and we’re seeing those every day. So that’s something that’s number one. Number two, we are economic value animals. We do not believe the share price represents accurately the value of these assets. If I thought there was a way at some point to do a stock buyback where our liquidity wasn’t compromised, that’s something we’d entertain that requires different financial technologies and a different kind of environment. But we’re open to any type of tool in our toolbox that we can accelerate the stock price to start representing, the accurately represent the value of our assets, because right now it’s just not doing that. But obviously today is a great day in terms of proving that we can actually add free cash flow to the company.
And then your next company question was?
Jason Helfstein: About consumer spending…
Rob Wiesenthal: Consumer spending on the consumer spending side, here’s what we’re seeing. The 27 million people that go to the airport each year, that is such a huge or to and from the New York City airport, that is such a huge tam Jason. That I’m not seeing it there. In fact, we’re seeing increased average checkout prices, now that are lowering are the number of passengers that we need to be positive cash flow for each flight. What we are seeing in a bit is there was definitely a shift this summer for leisure routes like the Hamptons, a little bit from charter to by the seat. So I definitely saw the kind of, let’s call it the ultra high net worth guys who might be charting their own helicopters, some who even own their own helicopters when they were flying alone, as opposed to a family buying a seat on Blade.
So on one hand, you could say that reduced the number of charters, but it increased our most important business, and the one with the potential for the highest margin. Highest Tam, which is our buy the seat business. So we did see it a little bit there. So any other follow ups on that, Jason?
Jason Helfstein: Yes, I mean just and then on the jet side, this was obviously like a pretty good jet quarter. I mean, how are you thinking Jet and other. How are you thinking about that going?
Rob Wiesenthal: Jason, it can be variable and difficult to predict. On the one hand, you’ve seen some press. There’s definitely some corporate customers that want a charter, and maybe you see a little bit less of people using corporate planes, and you see people wanting the anonymity of flying with a tail that can’t be tracked specifically to them. But it’s hard for us to predict that business. And so I think it’s not going to be quite as strong in Q4 as we talked about in the script, but it’s a great business, and at the end of the day, it’s incremental flight profit dollars for us.
Will Heyburn: Jason, I’m going to take a slightly more optimistic position than my colleague here, but we are being cautious about it. There are tons of companies out there that basically went out and bought a lot of aircraft to service, essentially what was pandemic error spending. Okay. So a lot of these jet, a lot of companies out there raised a lot of money to increase the jet business, thinking that this would continue past the pandemic. And for a couple of those companies, it ended up being essentially the peloton [ph] of the air. All right. Those aircraft are now basically searching for emissions. So I actually think there’s a very good chance, haven’t seen it yet. Be cautiously optimistic that this, our big winter season, north south, that we’re going to see a lot of availability and hopefully better prices.
Can’t count on it, but it’s definitely something that we see moves in the market out there of a lot more availability because of this big ramp up by a number of companies that you’re well aware of.
Jason Helfstein: Thank you.
Operator: Thank you. One moment please, for our next question. Our next question comes from the line of Bill Peterson with JPMorgan.
Bill Peterson: Yes. Good morning and nice job to achieve the free cash flow milestone and have a few questions. First on Short Distance. So I’m guessing the profitability is now driven by the mature route West 30th to JFK. I guess. How should we think about the profitability for, it’s presumably that’s true. How should we think about the path of profitability for unprofitable routes? I’m guessing Newark. And then as you now are profitable, how should we think about expansion into other airports maybe LaGuardia, maybe using East 34th, things like that?
