Originally Posted by
acl65pilot
Just read the slides very quickly.
A few points.
looking at a sustainable 10%-12% operating margin
Looking for 5 billion EBITDAR
Annual 1.3 billion CapEx. (Continued improvement)
Take away is that a new fleet could be paid for in cash, or the majority of it. They have reduced this years CapEx to maintain a 1.8 billion dollar free cash flow.....
Don't forget about the strategic advantage they say they get from their direct relationship with employees.