Originally Posted by
sailingfun
Looks like mixed news. Debt down to 16 billion which is good. Domestic ops strong and will see a capacity increase. Pacific in the toilet and will see a 7% reduction. Latin America showing recovery and 3% growth. Europe under pressure but summer travel season should be strong and capacity will be neutral.
RASM still falling but trend is better. Will fix in 2nd quarter. (That makes about 10 straight quarters that it will be fixed next quarter)
Overall hoped for 17 to 19% margins but looking at 15% verses 16.5 last year.
I would say 15% if we achieve it is a solid performance given the world situation. PS will be lower however.
Paul said RASM neutral and second half recovery. Things must be good on the debt front because we just issued more of our own. Paul failed to mention that.
https://www.sec.gov/Archives/edgar/d...0876-index.htm
How can you say profit sharing will be lower? We only have 2 months data and the trend is improving. Not to mention gains in the "Other" revenue items. (JV, AMEX credit card, MRO, etc.)
PS will pay off when the core business isn't as "core" going forward. The "global capital efficiency plan" is alive and well. They change the descriptor every few months but they mean outsourcing.