I don't think the expectation was that this was going to have a significant impact on the company, certainly for the first half of this year or potentially toward the latter half. |
It was a very strong quarter. It may end up being the best profitability of any airline in North America. |
They're in the right areas where they need to go. |
They've improved their operations really across the board. My sense is that it happened faster than they expected. |
What stood out for me, and I think for everybody, was the fuel expense. It was expected to be higher but was much higher than I was looking for. The second thing that was unusually high in my opinion was sales and marketing expense. |