The airlines had been too conservative in increasing fares. It's long overdue.
More Quotes from Ray Neidl:
Airline stocks have been having a rally because they're expected to lose less money next year than they did in 2005. That's not a solid reason to buy on a long-term basis, but those who bought in September have done very well.Ray Neidl
They might try to become more international-oriented. Domestically, I'm thinking they will shrink.
Ray Neidl
The odds are still against an approval, ... Are the concessions all 'hard dollars' is the question that the ATSB and analysts are asking.
Ray Neidl
We believe that the sector may pull back further, at least for the next few weeks, as oil prices continue to be high. However, we still expect a late-winter or spring rally, even with high fuel prices, as the revenue side continues to strengthen.
Ray Neidl
Despite continuing strong demand, the higher oil prices plus the difficulty that airlines are experiencing in raising ticket fares has clouded our optimistic outlook for the industry for 2006.
Ray Neidl
That's a lot of slots for BA to give up.
Ray Neidl
Readers Who Like This Quotation Also Like:
I'd like to think I could have and should have won more, but that's not the point. And I was at the point where I was playing great tennis in the mid 80s - the type of tennis people hadn't seen before - and I was very proud of that.John McEnroe
Do not measure your loss by itself; if you do, it will seem intolerable; but if you will take all human affairs into account you will find that some comfort is to be derived from them.
Saint Basil
As witnesses that the things were not done in a corner.
Thomas Harrison