We estimate that after losing 4 billion pretax in 2005 and 28 billion over the past five years, the U.S. passenger airlines could approach break-even in 2006.
More Quotes from Glenn Engel:
This decision has been how many years The fact that there had been no decision at all was the same to BA-AA as an outright rejection.Glenn Engel
Airline revenue growth has been stronger than expected in recent quarters, particularly in the U. S.. However, we note that U. S. airlines as a whole are likely to be only barely profitable in 2006 and have distressed balance sheets.
Glenn Engel
If it weren't for low fuel prices, industry profits would be down significantly in the fourth quarter.
Glenn Engel
Being in the middle of the pack isn't particularly exciting in the airline world, because the middle of the pack isn't making money.
Glenn Engel
When BA starts growing aggressively again, then the U.K. government will be more willing to open up Heathrow. Why flood the market with supply now
Glenn Engel
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