You obviously havent seen the rows and rows of planes out in the desert they look pretty "shut down" to me. You are also over looking the masive assett sell and cutting of payroll seems like they are doing their best to try to reduce costs. Especially hard for an airline to do while there is nothing coming in the front door.
The nimble move to put more contracts in place for plane freight was a good partial counter balance, although this was a growing market that probably came to them anyway.
I personally think they can only try to forecast some profits as best they can. If it was only cuts with no positive future turn around then we would all be asking why.
Totally agree with the woekism of the company it irates me to no end.
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