Given current crude prices and generally consistent participation among legacy names, we see no reason for last night's (fare hike) initiative to fail.
More Quotes from Jamie Baker:
Changes in bankruptcy code, continued liquidity pressures, and a looming credit-card holdback overwhelmingly suggest bankruptcy.Jamie Baker
We expect Northwest to formally increase its labor asking price from 1.1 billion to 1.4 billion in the next few days.
Jamie Baker
With the industry just now starting to turn down the capacity knob, the phenomenon of surging US Airways (revenue per available seat mile) is not incorporated in today's results.
Jamie Baker
Ultimately, industry adaptation is helped by higher crude, insofar as fares will continue moving higher, labor costs lower, and at some point even the most stubborn (airlines) may see the need to decelerate.
Jamie Baker
They fly the heck out of their airplanes.
Jamie Baker
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