The business they are in would be great if they had no debt. Just think of buying everything for cash and leasing it for with high interest. But why would you? All the talk about LTD/equity being high is smoke for the shorts. I wish AYR would issue a huge buyback and create a short squeeze than would destroy them.
Also how many planes are out there that have been depreciated to half are less, but are still creating income.
Just a play to take out stops and margin.