Originally Posted by
ERJFO
Did anyone actually do the math to see what the economic impact of what your suggestions are? I see a lot of "the Air Group can afford it" without any justification.
Air Group Second Quarter Report Highlights:
*Reported record second quarter net income, excluding special items, of $263 million, a 14% increase over the second quarter of 2015. Adjusted diluted earnings per share of $2.12 was a 20% increase over the second quarter of 2015.
*Generated approximately $900 million of operating cash flow and $560 million of free cash flow in the first six months of 2016.
*Expanded adjusted pre-tax margins from 25.7% in the second quarter of 2015, to 28.4% in the second quarter of 2016
*Held $1.6 billion in unrestricted cash and marketable securities as of June 30, 2016
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I want to thank our terrific people, who were once again recognized by J.D. Power for having the highest customer satisfaction among traditional network airlines for the 9th consecutive year.
-Tilden