Originally Posted by sailingfun

I was actually in this case referring to our choice to fly a older fleet and avoid capital costs to boost profits. It might turn out great if fuel stays at 3 dollars a gallon. Might leave us in a very tough spot in 5 or 6 years if fuel is 5 dollars an hour and we face huge refleeting costs.
Stock buy backs should increase the stock price. We are planning a second one soon. If you buy back 5% of the outstanding shares the stock price should rise 5% all other things being equal.