James Goodwin Quotes on Environment (2 Quotes)

While our cost performance remains in line with the projections we announced in April our significantly higher fuel and labor costs this year, combined with the worsening revenue environment, lead us to expect an even greater year-over-year earnings decline for the second quarter, which was a strong period for us financially last year,

The softening of the U.S. economy has had an industry-wide effect on business travel demand, ... While our 2001 business plan assumed a challenging financial environment, the economic situation has deteriorated more than expected.