Originally Posted by
Aero1900
Incompetence. That's it.
They are just too focused on the cost structure and let too many things fall below par. Running an airline is hard, and Biffle isn't the best so you get what we got. I think he's basically done just well enough to not get replaced.
Let's not forget though, the airline was decently profitable in the last quarter. $88 million in profits and over $700 million in the bank. Things aren't exactly a disaster here. And the airline has grown tremendously under Biffle.
Certainly true but the updated report shows a loss of 40-70M (-4 to -7% margin) coming our way for this quarter. Tried to find a confirmation link but my google fung-shu is failing right now.