Jim Corridore
Jim Corridore
accept choice company hikes lifted month percent slightly stock strike survive today united wage
The stock is up slightly today as the uncertainty of strike is lifted from the company. United really had no choice but to accept the PEB findings. They couldn't survive a month with a strike. But guaranteeing 37 percent wage hikes is only going to weaken a company that is already weak.
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.
driver earnings expecting major
I'm not expecting it to be a major driver of earnings or a major help.
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.
barrel doubling lock obviously prices
If you lock in hedges here at $60 a barrel and prices go much lower, you are obviously doubling your pain.
costs hard hard-work interest investor low remains seen whether work
I know there's a lot of investor interest in United. They've done a lot of hard work in bankruptcy. It remains to be seen whether their costs are low enough.
impact minor positive stocks
It's a minor positive. Most of the positive impact of this on the stocks has already been discounted.
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.)
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.
company huge step
It's a huge step for the company today.
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.
airlines area attract cannot customers major move response
For a new start-up, you cannot underestimate the competitive response of one of the major airlines if you try to move into their area and attract customers by discounting.
known lock
They should have known to lock in hedges and they really didn't effectively do so.