Jim Corridore Quotations

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

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.

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

But the airline might file sooner, maybe in the next couple of months, to take advantage of the more lenient bankruptcy laws.

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

It certainly seems like Northwest is determined to prepare for the eventuality,

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

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.

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.

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.

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

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 reason that UAL and other carriers haven't done it (seek guarantees) yet is the government is asking a fair and high price for the guarantee -- an equity stake,

We think that a full and rising backlog and margin improvement should help Boeing do better than its forecast.

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.

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.

The strike couldn't be going any better for them. That's not to say they can keep this up for weeks. It remains to be seen whether they will eventually run into some kind of mechanical problems.

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.

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.

They should have known to lock in hedges and they really didn't effectively do so.

They have a lot of work to do. They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.

They have a lot of work to do, ... They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.

They have a lot of work to do,

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.

It's a huge step for the company today.

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.

For a new start-up, you cannot underestimate the competitive response of one of the major airlines if you try to move into their area and attract customers by discounting.

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

It's a minor positive. Most of the positive impact of this on the stocks has already been discounted.

They can't survive for another year the way they're currently operating, ... They've got to get the unions to do it (grant wage concessions.)

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.

I'm not expecting it to be a major driver of earnings or a major help.

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.

If you as legacy carrier are losing billions of dollars and your partner is making hundreds of millions of dollars obviously there's a disconnect that needs to be addressed.

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

I definitely think capacity is going to be tight this summer. Demand is going to be strong.

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.

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.