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.)
impact minor positive stocks
It's a minor positive. Most of the positive impact of this on the stocks has already been discounted.
company huge step
It's a huge step for the company today.
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.
bring cut fleet labor work
They have a lot of work to do. They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.
bring cut fleet labor work
They have a lot of work to do, ... They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.
work
They have a lot of work to do,
cent cents credit lost talking
You pretty much need to back out that 5 cent credit they're talking about and say they lost 10 cents for the quarter.
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.
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.
attracting momentum stocks themselves
The momentum of the stocks themselves is attracting attention.
known lock
They should have known to lock in hedges and they really didn't effectively do so.
control entire flying labor management sitting taking
Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.