1. Maybe the numbers are massaged to look scary as vote closes?
2. We are a highly leisure carrier, Easter peak travel moved to Q1, it moves from Q1 to Q2 and back from year to year, always helps or hurts. So the comparison to a year ago looks worse than it is.
3. Fuel up 40%.
4. Other carriers have significant reduced margins this quarter, yes ours is worse, but for us being highly leisure, back to point 2 regarding Easter peak travel this year.
5. Our operational performance has been SO BAD, thanks to our management, that of course many premium fare passengers have begun to book away from JB.
I believe we do much better for the 3rd quarter.
Chicken littles need not run around scared screaming yet. But then again, with this leadership...