Originally Posted by
cjbryant03
I think it's the order of jets on the expense side if things. They added 8 jets in the 3rd quarter. That's a significant expense on the balance sheet. Add to that increased fuel costs, that also lowers profit margins.
It's mainly that total revenue is down YoY despite adding 20% capacity at the same time - while unit costs have also lowered, RASM is down significantly.