John Heimlich
John Heimlich
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,
biggest fuel instead operating pie prices question second
There's no question we never anticipated that kind of fuel reduction, ... We thought fuel prices would be going up, and instead the second biggest part of our operating pie had a big reduction.
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.
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.
clearly sooner
Clearly the more we get the sooner the better.
enormous fuel jet paying
We're paying enormous amounts for jet fuel right now. It's insane.
billion move quickly second
Will it be enough for everyone? It's not clear, but $2.5 billion is better than $1 billion, especially if they move quickly with the second half.
blow crushing fuel jet prices prove
Today's jet fuel prices are crushing and could prove to be a knockout blow for some.
primarily problem rather traffic
We don't yet have traffic back where we need it, but yes, the problem (of losses) is primarily fares rather than traffic,
recent saying time trends word
We're not saying things are hunky-dory. All we're saying is that some of the indicators we look at and some of the recent trends are promising, and that's the first time I've used that word in a long time.
best case filled fuel higher money seats
We've got more seats that are filled and we're getting higher fares for them. That's your best case scenario. If (jet) fuel was at $40 a barrel, we could be minting money right now.
accept carriers domestic fuel high market painful passenger reality reflect unwilling
The painful reality for passenger carriers is that the domestic market has been unwilling to accept fares that reflect high fuel prices.
crazier expecting last
We're not expecting it to be much crazier than last summer.
call cost count fourth grace quarter quite saving
When your second-highest cost plummets, that's huge. I call it the saving grace of the fourth quarter after the (federal assistance). But we're not quite as sanguine that we can count on that this year.