The big guys decided they wanted to maintain market share in areas where they didn't have the cost structure to compete. It's adjusting slowly as the big guys decide they'll never make money there.
More Quotes from Ray Neidl:
They're probably looking at what's happening with Northwest and Delta and probably realizing they have to get their contract cost structure down as well.Ray Neidl
They're cash-flow machines, which is unusual in the airline industry.
Ray Neidl
My instinct tells me it'll only cover a small fraction of fuel increases.
Ray Neidl
There are no surprises. Basically what we're hearing from the airlines is that volume is not falling off. Business is getting weak as travelers are trying to get around higher pricing with discounts. There was some weakening in February into March, but it's not as bad as it sounds.
Ray Neidl
It's going to speed up the reformation and the restructuring in the industry. Those who make the right decisions in those areas are going to be the survivors. Adapt or perish.
Ray Neidl
The big carriers are unfairly being hit with some of the increased security costs, but even absent that, the losses would be pretty close to where they are now with or without 911. This was something going to happen to them no matter what happened.
Ray Neidl
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