Jim Corridore Quotes (25 Quotes)

If we get back into the 70s and stay there it obviously throws our model.

I think it's still a possibility they may have to file for bankruptcy. These agreements certainly help. It's good news for the company. But American has a lot of problems, and this only partly addresses the problems, especially given the sharp downturn in travel during the war.

I think that they've bought themselves a little bit of time, certainly. But I don't think, even when they came up with the goal of 1 billion in concessions, that they expected fuel prices to be at these levels. I expect they'll continue to burn through cash, and they'll need to do more.

Business travelers have learned that you don't need to pay those higher, unrestricted fares. There is always going to be some business travel that needs the flexibility to change flight plans. But the policy of many large corporations will be to book in advance to save money or justify it when you don't.

That would certainly go a long way to helping the company, ... Labor costs are the biggest bucket they can attack. The government might be more willing to help with this level of cuts. Even with DIP financing, they're going to face a liquidity problem. They could use those loan guarantees.

It's not so much the storm's impact on operations. It's the storm's impact on oil prices that will really hurt the airlines.

The momentum of the stocks themselves is attracting attention.

You pretty much need to back out that 5 cent credit they're talking about and say they lost 10 cents for the quarter.

I think that most of the major carriers should be able to avoid bankruptcy if things start to improve in the first half of the year. If a period of time goes by with no more terrorist events, I would say sometime in 2003 the industry could return to profitability.

Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.

We're pretty positive on the airline industry right now.

Obviously oil backing down a little today allows investors to focus more on the relatively strong earnings performances last week.

Carriers that stayed out of bankruptcy have done a good job of cutting their controllable costs -- oil is obviously not one of them -- and demand for air travel has been very strong. The holiday season has been good for them.

I would be extremely surprised if what the unions came up with was enough to keep United out of bankruptcy. Typically these unions have a lot of animosity with each other. I don't hold out a lot of hope.

I know there's a lot of investor interest in United. They've done a lot of hard work in bankruptcy. It remains to be seen whether their costs are low enough.

The fact that they were profitable excluding items in their seasonally weakest quarter was very encouraging for the rest of the year. Obviously we're entering what's going to be a pretty strong summer travel season.

The time to get into these stocks is when things are still poor .We've already seen that. More gains might be tough to come by.

They have to realize it'd be biting off their own nose to strike, ... I'm sure the union is using the financial situation for leverage. They know they have the company over the barrel.

If you lock in hedges here at 60 a barrel and prices go much lower, you are obviously doubling your pain.

They didn't have the right strategy. They had the horrible luck of adopting that strategy at the worse possible time. It just wasn't in the cards for them.

Oil prices were already very bad, this new rise is going to make it very rough. The airline industry will see pretty high losses in the third quarter.

Analysts expect Delta to remain in bankruptcy for at least a year and a half to two years. They have a lot of work to do, ... They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.

It's a huge step for the company today.

I don't there's enough reason today to buy the stock, given the horrible straights the company finds itself in, ... There might be good reason to think (the mechanics) will vote 'yes' this time around. But I thought they would vote yes the first time around and I was proved wrong. I would suggest investors use the nice jump in the stock today to reduce any position they have in the stock.

The stock is up slightly today as the uncertainty of strike is lifted from the company. United really had no choice but to accept the PEB findings. They couldn't survive a month with a strike. But guaranteeing 37 percent wage hikes is only going to weaken a company that is already weak.