Originally Posted by
TAFsMatter
The company is by no means healthy, but -38% for Sept/Oct is not a routine margin that can be carried forward and applied for future performance expectations.
That 38% number is just the operating numbers. Not adding in all the other BK related expenses or expenses with extinguishment of debt etc.
Even if you take out half of the "aircraft rent" (which are the leases) its still -27%. This doesn't include that revenue is going to shrink as well when the finish pairing down the network.