I still think there are better things to come heading into the summer season. Airline stocks tend to trade ahead of the season.
More Quotes from Ray Neidl:
The big carriers are competing much more aggressively now price-wise -- allocating seats to win as much traffic from small carriers as they can. Then, of course, jet fuel prices did hurt everybody last year.Ray Neidl
I will still bet there's no strike, one or the other. These airlines are too big to allow a strike for any period of time.
Ray Neidl
I think the market was looking for an excuse to buy airlines and UAL was the excuse for it today, ... In the first quarter, probably half the majors are going to lose money, but I think that's already factored into the market. I think investors are already looking towards the second quarter.
Ray Neidl
The cover-up is usually worse than the sin. The union leaders were embarrassed and understandably so. Don was a sacrificial lamb. He made a mistake and he's paying the price. It's unfortunate because American is losing a really seasoned executive.
Ray Neidl
I don't think American would have extended unless they got assurances from union leadership they had the votes. It was a flawed process to begin with.
Ray Neidl
The airlines had been too conservative in increasing fares. It's long overdue.
Ray Neidl
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