Can they shuffle enough capex and other expenses within the quarter by shutting/mothballing projects and laying off people to move the numbers this much? Does capex even show up in a quarterly report enough to matter?
I guess I ask if they are making more than expected rather than losing less than expected and that is how they got these numbers.
This all, unfortunately, validates entirely the spreadsheet approach to parks and resorts. Bob and Bob won, at least for another quarter... and another quarter brings us closer to the cuts holding as the new normal, unless they serve the spreadsheet.