The wet leasing is contractual and normally only occurs during peak. We’ve been in a peak+ situation now for about 15 months. The wet leasing doesn’t bother me at all. Once the business drops off the wet leasing will end. Better than turning away business. We can’t have a year round fleet/pilot force based on peak needs. We’d be parking airplanes/furloughing pilots every January. Or going to min BLG or invoking 4a2b...
We are hiring like I’ve never seen in 31 years. Buying brand new airframes as fast as possible.
Wet leasing is not an issue IMO.
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