Jim Corridore
Jim Corridore
airline gulf high industry losses oil third trouble
With the trouble in the Gulf oil refineries, the airline industry will see pretty high losses in the third quarter,
backing earnings focus investors last obviously oil relatively strong today
Obviously oil backing down a little today allows investors to focus more on the relatively strong earnings performances last week.
airline high industry losses oil prices rise third
Oil prices were already very bad, this new rise is going to make it very rough. The airline industry will see pretty high losses in the third quarter.
air bankruptcy carriers costs cutting demand good holiday job obviously oil season stayed travel
Carriers that stayed out of bankruptcy have done a good job of cutting their controllable costs -- oil is obviously not one of them -- and demand for air travel has been very strong. The holiday season has been good for them.
hurt impact oil prices
It's not so much the storm's impact on operations. It's the storm's impact on oil prices that will really hurt the airlines.
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.
biggest bucket certainly costs dip face government helping labor level loan might willing
That would certainly go a long way to helping the company. Labor costs are the biggest bucket they can attack. The government might be more willing to help with this level of cuts. Even with DIP financing, they're going to face a liquidity problem. They could use those loan guarantees.
biggest bucket certainly costs dip face government helping labor level loan might willing
That would certainly go a long way to helping the company, ... Labor costs are the biggest bucket they can attack. The government might be more willing to help with this level of cuts. Even with DIP financing, they're going to face a liquidity problem. They could use those loan guarantees.
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.
airline industry positive
We're pretty positive on the airline industry right now.
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.
obviously stay throws
If we get back into the $70s and stay there it obviously throws our model.
asking carriers equity fair government guarantee high price reason
The reason that UAL and other carriers haven't done it (seek guarantees) yet is the government is asking a fair and high price for the guarantee -- an equity stake,
gains might poor seen stocks time tough
The time to get into these stocks is when things are still poor .We've already seen that. More gains might be tough to come by.