Quote:
Originally Posted by gloopy
It doesn't matter what their margins are. Only that they are dumping premium supply with no sign of slowing down. Their fares on premium lay flat products are frequently a fraction of what ours are. We ignore them and their endless growth at our peril and one day we will look back on these days where it would have been easy to crush them when we have to deal with a much stronger competitor.
Focusing on quarterly numbers while a competitor grows on their terms in our premium markets will prove to be a bigger mistake than paying bilions for regionals to close them, bowing down to another regional for 300M of our own money to prevent liquidation and selling off hedges right before they spiked in value.
If I remember correctly, you have posted many, many times about how JB is going to eat our lunch everywhere. I almost wonder if you have an above-average obsession with them? I don't think our mgmt is ignoring them. While I still think RA was a better CEO than EB, Ed is a "good" CEO and could even be "great" if he stopped being so infatuated with himself and social/political issues. I remember when SWA announced service to ATL. "They are going to take over the world!" some said. They are a good competitor in ATL, but they haven't eaten our lunch there. We responded appropriately and are still doing quite nicely thank you. If all your JB predictions were true, we'd have left BOS long ago. We're still doing well there, last I checked. It isn't always either-or. JB can have a good business model, AND we can still thrive, and occasionally kick the sh!t out of them when needed. Our mgmt is actually pretty good at that.
Today
