Originally Posted by
BlueSkies
I'm following your conversation with Trip and finding it very interesting.
One thing I'll say though, if we have to 'lose' PS I think there are worse ways to do it than by having new (to us) a/c showing up on property.
Aircraft purchase decisions are entirely outside our control. They will buy/lease what they need for the fleet. If we pay cash up front, they could choose to expense it in a single year, however that is a very poor accounting decision just to prevent us from showing a profit so it won't happen. Capex has been upped to show growth, there will be no surprise. This year being a wash, with minimal loss or profit, would get a pass from the investment community because of the pandemic and restructuring. The set up for the future has been touted as the best in the industry by far (globally.) Our re-investment in our failing subsidiaries and ancillary businesses will reap ongoing future rewards. Next year's expectations will be high and management will have to deliver.