John Heimlich
John Heimlich
against consumers delays due economics factor fear head heavier legacy recovery security summer time
The consumers are saying, 'The only time I'm going to travel, I'm going to make it count,' ... While there's some legacy fear factor and some legacy hassle factors, I think it's economics that still rule. As we head into heavier summer travel, we'll be working against our own recovery with some of the delays due to new security measures.
absolute economy economy-and-economics factors
I still see the economy as absolute the No. 1 factor, (even with) as many other factors as there are nowadays,
boon clearly environment factors load modest
The load factors are unprecedented, and in a pre-9/11 environment, this would clearly be a boon to (higher fares). With the way things are, we are only getting a modest (fare) benefit.
shopping sort traveler traveling truly
It's sort of a one-stop shopping experience, and the idea is to make the traveler feel like he or she is truly traveling on one airline.
fuel last prices revenue
Still, with fuel prices so high, the last thing you want is an interruption in your revenue stream.
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,
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.
cash helpful matters payroll relates taxes
Everything that relates to cash matters now. It would have been helpful to have the payroll taxes deferred, but this will go part of the way.
enormous fuel jet paying
We're paying enormous amounts for jet fuel right now. It's insane.
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,
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.
demand supply total
The total fares are still going to be set at the supply and demand level.
hole needed
This is one more thing we needed like a hole in the head.
flying horrific less number people
The number of people flying is less horrific than it was shortly after the 11th.