RE:Revenue beat and EPS beatAnd how about cash flow calculations.... from -$360M (-$4M/day ...cash burn) to +$153M . (+1.7M/day). Positive cash flow is here and here to stay even with higher fuel price.
At this point all what matters is positive cash flow. AC depreciation and amortization is still approx. $1.8-$2.0B a year. Simply speaking, AC in near future can have $1.5B cash flow and still show negative EPS but who cares. Bring the cash.