Jim Corridore
Jim Corridore
biting company financial nose realize situation sure union using
They have to realize it'd be biting off their own nose to strike, ... I'm sure the union is using the financial situation for leverage. They know they have the company over the barrel.
known lock
They should have known to lock in hedges and they really didn't effectively do so.
eventually mechanical remains run seen strike whether
The strike couldn't be going any better for them. That's not to say they can keep this up for weeks. It remains to be seen whether they will eventually run into some kind of mechanical problems.
animosity came extremely hold surprised unions united
I would be extremely surprised if what the unions came up with was enough to keep United out of bankruptcy. Typically these unions have a lot of animosity with each other. I don't hold out a lot of hope.
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.
control entire flying labor management sitting taking
Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.
adopting cards horrible luck possible strategy worse
They didn't have the right strategy. They had the horrible luck of adopting that strategy at the worse possible time. It just wasn't in the cards for them.
obviously stay throws
If we get back into the $70s and stay there it obviously throws our model.
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.)
airline industry positive
We're pretty positive on the airline industry right now.
entering fact items obviously profitable quarter rest strong summer travel weakest
The fact that they were profitable excluding items in their seasonally weakest quarter was very encouraging for the rest of the year. Obviously we're entering what's going to be a pretty strong summer travel season.