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.
More Quotes from 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
I still think there are better things to come heading into the summer season. Airline stocks tend to trade ahead of the season.
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 a failing carrier and government authorities would probably love to have a bigger airline come and buy it and rescue it.
Ray Neidl
If not, we have trouble in River City, ... You wouldn't want Bush to step in right away -- you'd hope you go back and see if there's something that can be changed to win approval. It's never good to have a contract imposed.
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
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