John Heimlich
John Heimlich
best case filled fuel higher money seats
We've got more seats that are filled and we're getting higher fares for them. That's your best case scenario. If (jet) fuel was at $40 a barrel, we could be minting money right now.
fuel high
There's been an acceleration of capacity-cutting with high fuel prices.
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.
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.
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.
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,
billion move quickly second
Will it be enough for everyone? It's not clear, but $2.5 billion is better than $1 billion, especially if they move quickly with the second half.
blow crushing fuel jet prices prove
Today's jet fuel prices are crushing and could prove to be a knockout blow for some.
crappy difference fuel prices record year
Fuel prices are the difference between record profitability (for some airlines) and a year of crappy losses.
enormous fuel jet paying
We're paying enormous amounts for jet fuel right now. It's insane.
flying horrific less number people
The number of people flying is less horrific than it was shortly after the 11th.