Jim Corridore Prices Quotations

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.

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.

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.

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

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