Originally Posted by Chimpy

Well, looking at the 10Q I could be wrong but.... it looks like the "operation only lost" $63,000,000 in the first 9 months of the year. They took a write off to purchase $150,000,00.00 of ground equipment, and wrote off $100,000,000 in deferred heavy mx (whatever that means). Total wages & Salaries went up by 30% but ASMs only went up by 15%. They Sold 100M worth of owned AC but spent $600M more on A/C rent. Seems like not being able to Staff, (too little, too late contract cycle wise) not expanding training dept quickly enough, displacing people to staff new bases (causing more attrition) which prevented us from flying the A/C we already had and now we have this Pratt Issue that is further going to hurt. It seems like the ULCC Model is losing some money, but the real issue is mishandling of crew & Aircraft capacity?.... I dunno, could be way off but seems like maybe it's more of a management related issue than Business model?