It’s a disgrace really, and pretty obvious to anyone with any knowledge of airline ops. Pilots have been saying it for years. Big twins would have made such a difference to this outfit.
Two things to take away from this. No other airline across the Pacific is at greater risk from rising fuel prices and no other airline is at a greater risk from a price on carbon. These are significant risks that should be priced into the share price.
It’s all cool though, shares vested for execs at much higher prices so they’re all good.