Mr. Flynn concluded: “Since we last provided guidance for 2008 in late February, jet fuel prices have increased over 20%. Based upon the current fuel environment, we now expect our pretax earnings in 2008 to exceed $105.0 million, with our direct fuel-price exposure going away in October. We reaffirm our 2009 pretax earnings outlook of $165.0-$175.0 million.”
Not included in AAWW’s pretax earnings guidance for 2008 is a deferred pretax gain of approximately $152.0 million expected to be recognized as income in the fourth quarter of 2008 upon commencement of the blocked space agreement with DHL
They don't seem too worried.
Back to the useless bickering....