CEO: For 2015 expect to grow earnings & margins, (15% or better ROIC) - investor day
- Our aspiration to be the low cost producer in our industry
- Applying to serve Puerto Vallarta through CA
- Expect to grow capacity in low single digits for next few years
- Fleet growth expected flat through 2015 then return to low single digits growth 2016, 2017 and 2018
CFO:
- 2015 to increase ASMs 6% y/y
- Nov revenue and booking trends look good
- Q4 PRASM expected up 1-2%
- Goal for 2015 to grow rev in line with capacity
- 2015 CASM expected down 1-2%
- Goal is to return half of 2015 free cash flow to investors
- Expect to execute accelerated $200M in share repurchases in next few days