Originally Posted by
iahflyr
This was expected. COVID revenge travel demand was only going to last so long, business travel and some international (China) demand has still yet to recover, and now the economy is leveling off. It will be interesting to see how the rest of the year goes.
My apologies if I am misunderstanding your remark, but it sounds as if you think the company is forecasting a loss due to a reduction in demand. Nothing can be further from the truth. The company has said revenue for Q1 is up over 50% from this time last year and stands by the year end guidance of $10-12 per share of earnings. The loss is wholly a function of anticipated pilot labor costs as stated very clearly in the 8k filed with the SEC yesterday:
The Company has determined that it is appropriate to accrue expense in the first quarter 2023 related to a potential new collective bargaining agreement with employees represented by the Air Line Pilots Association. This accrual represents a shift in the timing of the associated expense from the second quarter 2023 into the first quarter 2023.