If you look closer at the SEC filings....beating earnings is questionable at best. Why....?
EPS was suspiciously only one penny over estimates with several curious other numbers. Apart from the fact that last year Southern Air was not accretive on the balance sheet, which alone makes year over year comparison a little more complicated......how is it that we have more aircraft than last year, yet MX costs are down almost $20 million.
The company goes as far to mention that mx will be higher in Q1 2017. Delayed action????
Revenue per block hour is lower and cash is down ~$300 million. Yet we manage to post said EPS.
....not saying it's illegal. All legal. Just fancy accounting for the headlines.
Not so sure about them staffing 767s early. We've had an extra amazon 767 sitting idle for some time as a spare for the one operating, and the third has no task in sight. In addition, according the companies public numbers the 2017 and 2018 estimates have been corrected lower twice now by my count.
Looks like all the pressure on management is building. IMHO.