Originally Posted by
plt32173
I wouldnt say bleeding is the right word. When someone is bleeding they try to treat the wound. You guys are building a Sim in SFO, expanding your HQ, and are experiencing some of the most aggressive hiring you ever have. It sounds like your 5 year growth plan attracted enough US investors to keep you alive till then. Id expect you to show 2-3 qtrs of profit next year to set up your IPO.
I think they already are profitable, just showing loses to not pay taxes. I can't see how an airline with load factors above industry avg and a fairly competitive CASM and RASM could be losing money. I definitely agree they are setting up for an IPO, and they will magically start showing record profits next year to attract more interest. Of course we can all speculate to death, only time will tell the truth.
I'm surprised to see the AA SFO closure considering they just got their new digs in T2. Maybe it really has nothing to do with capacity into SFO, I don't imagine they will reduce flying and hand over their brand new gates to VX after waiting so long for them. This industry is a soap opera!