Originally Posted by
Judge Smails
Isom isn't stupid. They took a gamble and lost. LCC/ULCC's were killing it pre-COVID, and it didn't seem like a bad strategy at the time. They are clearly pivoting and it's gonna take some time to right the ship, but I'm confident we are heading in the right direction.
It was a poor strategy from the beginning. "Killing it" is relativistic. You were never going to make the billions in profit going that way, you need that premium and business travel. That's like saying Susy's Lemonade Stand is killing it because she made 1000% profit, spent 10$ and made $100. While the supermarket down the street is not because they only made 10% profit for $1,000,000.