Originally Posted by
T773ER
Yes, lower demand in Jan and Feb than what Kirby and the team forecast, he himself admitted that it was a bad forecast. All of this is unrelated to the pulling forward of the pilot contract charge, that obviously did have an impact as well. Kirby's forecasts aren't very conservative and he even mused about issuing more conservative guidance yesterday. The last thing he wants to do is miss quarterly guiadance and get grilled about his credibilty like he did yesterday from investors and analyst. He needs all of the pieces to fall into ant that offers significant leverage for the pilot group.
I suggest you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A. to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A. you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A. you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A.I suggest you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A.I suggest you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A.suggsuggest you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A.est you listen to the JP Morgan Industrials Conference yesterday and hear for yourself, especially the investor Q&A.
My position is informed by the JPM
Conference. 1Q Revenue Growth 22-23% instead of the forecasted 25%. Not one mention of the material cost shift related to the impending CBA. Kirby also stated that this is the 1st time we’ve been through a full 1Q since the covid recovery, and that they are still learning the new travel patterns. The miss was due to patterns being different in JAN & FEB than expected. He also stated they are still on track for their full year margin target of 9%.
The negative news was focused on a narrow revenue miss when the majority of the 1Q loss was from the anticipated additional pilot labor. That was not discussed—some might think for obvious reasons.