The company does not have a huge number of shares outstanding. So, small changes in bottom line profit affect the EPS more heavily than with other carriers.
The amount of the loss isn't really a big deal, and as you indicate revenues were up - that is what the analysts are most interested in. Everyone knew a loss would be posted and so it was "unsurprising". Full year will be profitable at about $1/share and next year will be more than $1/share EPS. So, between 2013 and 2014 we'll have profits of 40% of the stock price. Shares are still way undervalued.
Look for $7 and $8 during July/August.
What did butt-munch claim when he said earnings were leaked a day or two ago? As I recall the post he said 45 cents/share.
He's and obsessive compulsive liar with delusions of gradueur... Constant posting of how many shares he shorts but with no details so he can't be caught in a lie... With all the BS he spews on other airline message boards, I have him pegged as an ex-airline employee who got ( in his mind ) fired or laid- off unjustly, so now he pukes all his garbage probably believing it actually impacts share price..