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.
More Quotes from 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
The goal here is simple raise your world ranking. For the Scottish boys the whole mood has changed since Andy broke through. Suddenly it doesn't seem impossible.
Jamie Baker
Given current crude prices and generally consistent participation among legacy names, we see no reason for last night's (fare hike) initiative to fail.
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
Snaking passenger lines, airport blockades and crying babies will likely prove Northwest's contingency planning inadequate, not to mention our broader investment thesis,
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