Been on vacation, here's my two cents (my apologies if I missed any questions):
As I understand it, we were able to shave 2000 LBS off the max takoff weight of the 737-600 (don't ask me how, I have no idea). Since the max. takeoff weight is going to be lower (which means lower landing fees), the 737-600 is a logical choice. While we will have the -200's around until at least 2007, we will have a common fleet with a true "one-type" (NG
) aircraft (-600/-700/-800).
737-600 = 118 seats + LiveTV
737-700 = 136 seats + LiveTV + Winglets
737-800 = 160 or 163 seats (don't remember) + LiveTV + Winglets(?)
As mentioned, the Embraer aircraft are not completely out of the question, but they are not going to be considered the immediate future. Perhaps once all of our -200's are retired they may be considered, but I'm of the opinion markets suited for a 100 seat aircraft are markets which we don't want/need to serve. (remember: "all things to all people" doesn't always work)
I'm glad we chose the 737-600 because with fuel prices as high as they are, an older version - as Neil suggested - won't be as economical as a newer, NG
aircraft. Our -700's have been a great improvement in reliability over our old -200's, so I'm all for adding "new" aircraft. If we're going to boast Canada's best OTP airline, we sure as hell better keep it that way.
Slawko, I expected our Q2
profits to be half of what they were last year. Am I disappointed? Sure, but we made money and given all of the negativity surrounding our airline in the past months our announcement comes as good news, not bad. Looking into the future, Q3 should
be a good quarter, while not as great as it was last year ($32M profit??) I expect it to be around $25M. Q3
should paint a better picture as to how we are performing as a company. Our winter ops should be strong with capacity being shifted to transborder sun destinations and charter programs, so all of our eggs aren't in one (domestic) basket, so to speak.
As for our share price, I'll take it. We purchase shares on a month-to-month basis (shares are purchased monthly based on the average share price of that month) so it's not like all of my shares are being bought at $20.