Jim Corridore
Jim Corridore
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.
control entire flying labor management sitting taking
Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.
billion bit bought burn came continue expected fuel goal prices themselves
I think that they've bought themselves a little bit of time, certainly. But I don't think, even when they came up with the goal of $1 billion in concessions, that they expected fuel prices to be at these levels. I expect they'll continue to burn through cash, and they'll need to do more.
certainly determined northwest prepare seems
It certainly seems like Northwest is determined to prepare for the eventuality,
airline industry positive
We're pretty positive on the airline industry right now.
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,
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.
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.
capacity definitely demand tight
I definitely think capacity is going to be tight this summer. Demand is going to be strong.
buy company finds given good horrible investors itself jump might nice position proved reason reduce stock suggest time today vote yes
I don't there's enough reason today to buy the stock, given the horrible straights the company finds itself in, ... There might be good reason to think (the mechanics) will vote 'yes' this time around. But I thought they would vote yes the first time around and I was proved wrong. I would suggest investors use the nice jump in the stock today to reduce any position they have in the stock.