What a lacklustre response from a self appointed aviation expert.
We get that you would rather the money spent on dividends and buy backs was spent on new aircraft. However, by your own admission you are unable to demonstrate a sound investment case for doing so. Probably best you stick to anonymous Internet forums where the laughable level of your ‘analysis’ belongs. Coal demon is way off the mark. Airlines absolutely model capital investments over the life of aircraft, but I’m happy to take a 5 or 10 year model if you’ve got one....