Originally Posted by
DrSteveBrule
Loss of 50 million dollars. Among the first to return to profitability! This cheapskate model does not work in this new environment. But our fit fleet? But our ancillary revenue? None if it matters if the company can't retain pilots. Attrition and this management team's failure to stay on the pulse of the industry has cost this company millions ! High fives to C Level!
It turns out that preemptively cancelling flights due to staffing/incompetence while simultaneously taking on new airframes doesn't make money. Who would have thought it? The ULCC business model is clearly struggling.