You're right. However, I believe things are shaping up to be great and better days are just around the corner.

Since you brought up NOLs, I want to point out that I believe the company is maximizing its losses to enhance the airline’s value. These NOLs are transferable to the acquiring airline.

Or it could simply be people who have done their homework. You rely on ad hominem attacks like a crutch, when you should spend more time studying a subject before attacking others.

Jesus dude. I want some of what you’re smoking. Not trying to be a d__k but……

hopium is strong stuff. I’ve been at a dying airline before and smoked it myself. Might be smoking it again soon at JB.

Not true. IRS rules substantially limit NOL carryforwards in circumstances where there is a "change of ownership". This stops companies from buying other shell companies with high NOLs just to use the NOLs to avoid taxes.

Dude your response to me the other day was a 100% AI response. None of your takes even make sense.

You said you believe the company is maximizing losses to benefit their value.

Others would say the company is continuing to lose money for a 30th consecutive quarter and have been in Ch11 twice in as many years and the flies are starting to circle

Now you tell me which outlook has “studying” behind it and which outlook is wanting to see any reason for hope.

The leases were not surrendered until the end of October, so some of that operating loss is due to payments made on those leases that month prior to the rejections at the end of the month. Significant staffing cuts will also be reflected in subsequent months.

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.

And yes, the margin will shrink. They have not cut flights to the same percentages they have cut plane leases and staff. Good strategy or not, open question, but they are cutting expenses more than the cuts to revenue to narrow that margin. 20% flight schedule cut to 30% flight attendant furloughs and something like 40% of plane leases rejected.

The part that kills me is we were parking, what, almost half our planes before BK2.. and now with a third of FAs furloughed and as many pilots gone to furlough and attrition.. I get that one could argue we were "fat" on crews as the P&W grounding affected us.. but not between 30-50% overstaffed.. not as I could tell.. so if we reject leases on parked planes, why are we getting rid of an according number of crews?