Relative to the bankrupt carriers, this is a fairly strong liquidity position, but obviously they face cash flow pressures.
They've baked in $50 (per barrel) crude oil and $1.48 (per gallon) jet fuel as their going assumption for fuel expense.
It could be as early as this week, but it will definitely be before mid-October.
The revenue performance is the strongest that we've seen since 2000.
It highlights the problems that all of the legacy carriers are facing now with this spike in energy costs.
Clearly, as was the case with Continental, the fuel cost pressures are offsetting the yield performance entirely,
It obviously is pointing out the fact that extreme fuel cost pressures are offsetting a lot of the progress that Continental has made on the labor cost front in the last few months,
