Sandbagging ?Expenses all booked in Q1, which included accrued new contract for pilots, 500 new hires, 20m one time charge for aircraft , spending in technology. Going forward fuel hedging at 0.69c ,improvements in CASM in next quarters. Business travel signalling 20% increase in Q2 , this and cargo improvements could be the outliers in coming quarters.
CEO.."Demand remains Vigorous"
CFO.. regarding returns to shareholders( share buybacks).."Current liquidity and balance sheet provide oppurtunity, no timeframe as of yet"
At these prices, buybacks are a bargain.