Originally Posted by
crazyjaydawg
I think a key slide in there is that they consider employee utilization at 87% today along with a/c (87%) and they expect employee utilization to be 100+% in 2024 with aircraft at 100%. WTF are they expecting???
Also, they don't expect wages to increase appreciably until 2024...that's when they're target a new PWA for us I guess.
Final takeaway: meaningful profitability in 2022, and greatly exceeding 2019 profits in 2024. IDK what that means for 2023, just a huge WAG for now.
They have deliberately not given any detail on expected earnings or employee costs, other than to say they have some assumptions built in for increases. This is not revealing their hand with respect to negotiations. My take away is that they have laid out good news going forward for the investor which means they may want to be first movers before the details become evident. Also you don't want to over promise and then under deliver. To get a true pop in the stock you need to surprise. With negotiations resuming in January we will see if they intend to lock in early or drag things out with the inevitable prolonged angst.