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.
More Quotes from Ray Neidl:
We were expecting weakness but it came even weaker than we feared. The key thing is business traffic is way off.Ray Neidl
When you've got employees group against you, and they've got people on the board, they can certainly make your life difficult,
Ray Neidl
The government has to rethink its anti-trust policy on airline mergers. Otherwise, future liquidations are inevitable.
Ray Neidl
When you look at airline industry fundamentals, traffic released a week or so ago is extremely strong. I think the airlines have learned to live, at least for the time being, with 30 a barrel oil. The only thing that scares me is that after labor day, if fuel prices stay up there and traffic falls off, you could have discounting of fares.
Ray Neidl
You want to keep assets in place for when you have a recovery. By the time you're in a recession, you have to be making plans for the recovery. It's not like a factory where you can just lock and then reopen the door. There's a lag effect.
Ray Neidl
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