Jim Corridore Oil Quotations

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.

It's the leverage of surprise for the legacy carriers. Everyone was expecting another horrible year, oil prices were climbing.

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

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.

With the trouble in the Gulf oil refineries, the airline industry will see pretty high losses in the third quarter,

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.