Originally Posted by
Beagle
I'm not surprised and as posted earlier expected to see $2.50. Its good to see them concentrate on capex and cost efficiency and I think a focus in this area is overdue.
Pleasing to see two wide bodied aircraft (really capex expensive) deferred for ~ 5 years and overhead targeted cost reduction of ~ 5%.
Also good to see a 2 year program of looking for operational cost efficiencies. All this is very good strong bean counting stuff and confirms to me that the board and management are doing a very good job of managing what is a very complex business.
$2.23 was the low and anyone who bought there or thereabouts was as cunning as a hungry Beagle :)