We're pretty positive on the airline industry right now.
More Quotes from Jim Corridore:
I would be extremely surprised if what the unions came up with was enough to keep United out of bankruptcy. Typically these unions have a lot of animosity with each other. I don't hold out a lot of hope.Jim Corridore
I think that they've bought themselves a little bit of time, certainly. But I don't think, even when they came up with the goal of 1 billion in concessions, that they expected fuel prices to be at these levels. I expect they'll continue to burn through cash, and they'll need to do more.
Jim Corridore
It's not so much the storm's impact on operations. It's the storm's impact on oil prices that will really hurt the airlines.
Jim Corridore
It's a huge step for the company today.
Jim Corridore
Carriers that stayed out of bankruptcy have done a good job of cutting their controllable costs -- oil is obviously not one of them -- and demand for air travel has been very strong. The holiday season has been good for them.
Jim Corridore
Obviously oil backing down a little today allows investors to focus more on the relatively strong earnings performances last week.
Jim Corridore
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