Originally Posted by
sailingfun
Its funny if the company intended to do that they would publish false reports in their 10Q ect.. It really makes no sense when you realize that wall street loves capacity constraint. You would think the company would amend the reports to reflect the additional retirements to please wall street.
How about this:
"This is FTB at Spackler Airlines. Hello everyone on today's investor call. We're serious about capacity discipline and have been able to delivery a unit revenue premium over the past few years to the industry.
We have posted better operating and financial results than anticipated in 2012, We are committed to sustainable and growing profitability for our investors and given our better than expected operating and financial results in 2012, we believe that if we
can continue to execute our business plan, and barring an economic downturn or other unanticipated even, we could begin to grow our mainline fleet by 70 airframes over the next five years."
FTB investor call 2013: "Although the economy didn't have a downturn, it didn't have an upturn either and due to multiple unanticipated events, we foresee only a need for 30 more jets at mainline, and that is only a definite maybe. We may not be able to grow at all if we are to sustain our necessary unit revenue premiums."
SEC: "You said you'd grow by 70 airframes in this report back in 2012, now you say 30, you filed a false report, you're all going to jail."
?
Couldn't that mean they filed false reports to the SEC when they said they'd only have 49 used MD-90s, not 65?