John Heimlich
John Heimlich
business certainly hurt short travel
There's a lot of business travel in short haul. That certainly hurt us.
hole needed
This is one more thing we needed like a hole in the head.
clearly sooner
Clearly the more we get the sooner the better.
problem serious
By then, we'd better have this problem rectified or we'll have a serious problem,
capacity year
International capacity is up 5 percent, year over year.
bit broad choices last looks seats terms versus
In terms of the broad picture, it looks like there will be new choices and more seats going internationally versus last year. But things will be a little bit tighter domestically.
fuel last prices revenue
Still, with fuel prices so high, the last thing you want is an interruption in your revenue stream.
accelerate airlines cut fleet forced lay retirement
The airlines will be forced to cut more capacity, accelerate fleet retirement and, unfortunately, they will have to lay off more workers,
fuel high
There's been an acceleration of capacity-cutting with high fuel prices.
deep five losses modest undo year
You can't undo five years of deep losses with one year of modest profit. We've got a long way to go.
airlines although comparison few fuel jet magnitude pale passed price recently rise sustained
Although airlines have recently passed through a few price increases, they pale in comparison to the magnitude of the sustained rise in jet fuel prices.
boon clearly environment factors load modest
The load factors are unprecedented, and in a pre-9/11 environment, this would clearly be a boon to (higher fares). With the way things are, we are only getting a modest (fare) benefit.
surprised
I will be very surprised if there is not a proposal.
flying horrific less number people
The number of people flying is less horrific than it was shortly after the 11th.