Originally Posted by
AboveMins
I wonder if the investors will eventually sue management for misleading shareholders, a la FedEx? Last earnings call led me to believe they're starting to see through the thin veil, and it's only going to get worse from there.
I agree. 4th qtr earnings call will be even worse. Block hours are way way down. Numerous birds across all customers are sitting - I guess there can be Christmas without Amazon 😂
Last year the “boys” said block hours in excess of 340k for 2019. Q3 earnings has block hours have been adjusted to below 320k - I suspect we will do closer to 300k for the year. For a company that charges 20k per block hour on avg. 40k “lost” block hours, not to mention the lost bonus, share price, and reputation-it’s amazing they are still in charge.