New Planes vs. Old Pains.

The airline strategy of canceling new orders on aircraft seems short sited.  How can an airline running 1970’s technology with the associated fuel consumption, repair down time and lack of availability of spares expect to compete against new aircraft? canceling orders in today’s market to avoid additional costs will control your CAPEX down this year, but bite you in the future as competitors operate at a 30+% discount to your per hour cost structure.