Have you ever noticed that before they announced buybacks everything was rainbows and unicorns and after they started announcing buybacks it's all been about PRASM and capacity and only about PRASM and capacity? No mention of fuel savings, ancillary charges, buybacks, lower interest loan rates, less shares available, no potential labor disruptions, $10 billion in cash, and oh yeah billions of dollars in the most important metric; PROFITS!! Record profits EVERY quarter since December of 2013!!!
What blows my mind is that when analyst were initiating their positions in AAL with strong buy and outperform recommendations we actually went down and no one listened to them. Now everyone is listening to what they have to say.