3 Responses

  1. AirBoss
    AirBoss at |

    The CAPEX is tax advantage/policy planning too, albeit late since they are guiding to paying essentially statutory (highest possible) tax rates.

  2. Jonathan
    Jonathan at |

    Too much cash on the balance sheet invites activist investors to come stick their nose in your business. Just ask Apple…

  3. Better By Design
    Better By Design at |

    The AAPL comment is entirely apt – I think you’re going to see a lot more share repurchases coming next year as well.

    Welcome to the profit club, airlines!