no way, we're supposed to grow.

because if you keep up this capacity shrinkage then you could start getting rid of some mainline airframes, like the 88, and still be in compliance with the ratio once DCI goes down to 450 jets.

An more international.

One analyst, "you'll have a bill for massive re-fleeting - what are you doing about it?" RA - "There's a glut of narrow bodies available for purchase at a substantial discount." I think RA is answering very well.

Love this attitude.

Company: "Hey, sorry, but you're furloughed."

Johnson29: "Fantastic! Great opportunity to get to know some fellow hobos!"

Glad others are noticing. He made a switch within the last year to this kind of rhetoric.

Analyst: "Capacity growth from LCC's - how do legacies deal with this?"

RA: "Capital Markets won't finance those airlines. Brent is $110/barrel. The market has changed."

maybe they were referring to all those new jumbo rjs?

You mean now we have to doubt those guys that have been singing "but wait we don't start getting airframes till September 2013"

It is hard for me not to be a little "cup half empty" sometimes. Especially when the story never seem to change for the better, always the other way. "Well the markets changed, have you seen Europe's economy, look at brent prices" How do you stay positive with a chorus like that?

It is a nice sunny day though so we got that going for us. :cool:

If you are planning to contribute your profit sharing to your fidelity account, dont FTB, deadline is tomorrow at 4pm.

Bloomberg: Is the airline industry fixed in terms of capacity discipline/ was Buffett wrong?

DAL: Won't take on Buffett, but will deploy capital in rational ways.



That was such a great opportunity to repeat the capacity discipline mantra, yet he didn't go for it. The new buzzwords seem to be spending discipline.