Originally Posted by
oopsz
According to their shareholder meetings, in Q1 passenger revenue was 14.49 cents per available seat mile, while total cost was 15.31 cents per available seat mile.
The more planes they fly, the more money they lose.
Did he also explain that the 15.31 cents is a non-GAAP measure, inclusive of imputed charges that cannot be tied to the face of the financial statements and that every airline calculates this differently?