Originally Posted by
ginntonic
Q4 2023 Earnings Call (Held in Feb 2024): "Turning to the final slide. With full-year benefit of our network cost and revenue initiatives, we expect 2025 to be between 10% and 14% pretax margins. This includes the expectations of new labor agreements with pilots and flight attendants as both recently became amendable."
Source Transcript:
https://www.investing.com/news/stock...s-93CH-3294716
So opening 13 bases wasn’t the key to achieving double-digit margins? I’m shocked.
Take CVG, for example, running a 1:1 ratio of reserve to line pilots. There’s no way this strategy, with all those pilots sitting reserve and not flying, is more cost-effective than just booking a few hotel rooms at a Holiday Inn.