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Old 01-21-2015 | 09:52 AM
  #176355  
forgot to bid's Avatar
forgot to bid
veut gagner à la loterie
 
Joined: Apr 2008
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From: Light Chop
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Originally Posted by forgot to bid
Jets jets jets jets!

They mentioned something yesterday about more jets. Let me find the transcript.
Found the quote from yesterday.

Richard H. Anderson - Chief Executive Officer

Well, I think the first order of use is going to continue to reduce our net debt and the second order of use is going to be higher cash returns for our owners. Now, that’s subject to our Board approval and I’ve got to be careful about not getting to far out there before going through the five year plan. But, our fleet can run at this level of CapEx very easily for a very long period of time on our fleet so we don’t see some big fleet order coming. We think there’s going to be an opportunity for a bunch of used airplanes for us at some point here giving all the NEO deliveries in the narrow body world. We just placed our wide body order, we’re fine on wide bodies so the fleets in good shape and the run rate cap ex that you saw this year, the $2.1, that vicinity is a good run rate because we’ve got to keep our ROIC above that 18% so it’s going to reduce debt and higher shareholder cash returns.
More used NB jets. Any guesses? My guess would be used A320s to replace MD-88s when airlines finally take delivery of NEOs. I made that up, but it's a guess.

Done with ordering WBs.