Originally Posted by
gettinbumped
Thanks for posting what you could of the meeting. Good stuff to hear. I was frankly quite pleased when our stock tanked yesterday after an earnings beat. It means that investors sense that current management is not running the operation solely to appease their desire for short term profit. That's how we behind in the first place.
We desperately need more domestic capacity. There are many reason's DAL is eating our lunch, but that's the biggest one. For YEARS under poor leadership we kept shifting more towards international and less domestic, obviously forgetting that you need the domestic to FEED the international. Balanced is good. I like the direction OM and KB are headed. I share your optimism. For the first time since the mid-90's we have a team that genuinely seems to want to run a great airline.
The direction right now is:
---Decreasing PRASM and increasing CASM for the second straight year.
---The lowest operating margins of the top 6 US airlines by market share for the 3rd year in a row.
---No guidance offered as to when the above trends may improve.
I'd say whether your view is short or long term, the above is troubling and casts serious doubt about the ability of this management team to get us off the bottom.