John Heimlich
John Heimlich
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,
airlines cost fund revenue time trust
Every time the trust fund is going down, they say we're going to have to come to the airlines for more revenue. I say you don't have a revenue problem, you have a cost problem.
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.
hole needed
This is one more thing we needed like a hole in the head.
business certainly hurt short travel
There's a lot of business travel in short haul. That certainly hurt us.
fuel high
There's been an acceleration of capacity-cutting with high fuel prices.
flying horrific less number people
The number of people flying is less horrific than it was shortly after the 11th.
demand supply total
The total fares are still going to be set at the supply and demand level.
crappy difference fuel prices record year
Fuel prices are the difference between record profitability (for some airlines) and a year of crappy losses.
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.
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.
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,