James Goodwin Quotations
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Affecting Quotes
We recognize the importance of the cash dividend to our stockholders, and we remain committed to rewarding them for their support, ... At the same time, the current weak economic environment and the uncertain outlook are having significant industry-wide effects on revenue, negatively affecting our overall performance. Therefore, the board believes it prudent to reduce the dividend rate for the time being.
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Announced 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,
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Assisting Quotes
While we continue to focus our attention on assisting the families of our passengers and employees who were victims of last Tuesday's attack, we must also focus on saving our company, ... We simply have no choice but to step up to the realities of this extraordinarily critical time and take drastic measures to preserve our viability and operations.
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Agreement Quotes
While we are pleased that we were able to reach a tentative pilot contract, the financial implications of the agreement, coupled with the higher price of jet fuel, will further impact our results. Therefore, we expect to post a loss in the third quarter and probably in the fourth quarter as well.