Jim Corridore
Jim Corridore
expecting horrible legacy leverage oil prices surprise
It's the leverage of surprise for the legacy carriers. Everyone was expecting another horrible year, oil prices were climbing.
currently survive unions wage year
They can't survive for another year the way they're currently operating, ... They've got to get the unions to do it (grant wage concessions.)
certainly determined northwest prepare seems
It certainly seems like Northwest is determined to prepare for the eventuality,
control entire flying labor management sitting taking
Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.
billion bit bought burn came continue expected fuel goal prices themselves
I think that they've bought themselves a little bit of time, certainly. But I don't think, even when they came up with the goal of $1 billion in concessions, that they expected fuel prices to be at these levels. I expect they'll continue to burn through cash, and they'll need to do more.
billions disconnect dollars legacy losing millions needs obviously partner
If you as legacy carrier are losing billions of dollars and your partner is making hundreds of millions of dollars obviously there's a disconnect that needs to be addressed.
barrel doubling lock obviously prices
If you lock in hedges here at $60 a barrel and prices go much lower, you are obviously doubling your pain.
airlines area attract cannot customers major move response
For a new start-up, you cannot underestimate the competitive response of one of the major airlines if you try to move into their area and attract customers by discounting.
impact minor positive stocks
It's a minor positive. Most of the positive impact of this on the stocks has already been discounted.
driver earnings expecting major
I'm not expecting it to be a major driver of earnings or a major help.
advantage airline bankruptcy couple file maybe might next
But the airline might file sooner, maybe in the next couple of months, to take advantage of the more lenient bankruptcy laws.