Originally Posted by
HeathrowGuy
I agree that CO has been playing it somewhat conservatively over the past few years, but that isn't a bad thing to the extent it's still in somewhat better shape than most of its peers, and ironically now retains more flexibility than its peers to adapt its business model during the downturn as a result.
Agreed. I'd rather have conservative growth. Expand too fast or in too rushed a fashion and the result might be not having a company to grow. The only thing I really think that has gone outright wrong in the CO model in the last few years was the number of widebody purchases. There's no reason that EK/SQ/QR should have had an opening to come into IAH and set up shop on the oil routes that they did.