Originally Posted by
KenHamer
While my main point was to lampoon the persistent release of statistics that are essentially meaningless
Ahh. OK. These stats are meaningless. not as meaningful as the stats pointing to eroding Premium Yield that so many were happy to quote in Q1 supporting their "TPAC tango will doom AC", "Rouge will doom AC", "Obvious premium passengers have left AC in droves" sentiments .... When I get some time, I will be sure to review those threads to be sure you're not talking out of both sides of your mouth.
Originally Posted by
KenHamer
$115 million doesn't strike me as particularly impressive given Air Canada's size, or compared to other airlines, even if it is better than last year.
If anything is impressive it is Air Canada's ability to spin something "bad" as something "good."
You are able to cut through increased RASM, faster-than-expected decreased CASM, Premium Class revenues rising 3.3%, and a 25% jump in share price.
That is some spin from AC. Sure is fooling a lot of people. Not you though.
(as a side note, I'm not long on AC.TSX (and would never go too long on an airline stock) but saw a great opportunity ahead of their results release today).
Bottom line, an impressive quarter for AC and they deserve it.