John Heimlich
John Heimlich
crappy difference fuel prices record year
Fuel prices are the difference between record profitability (for some airlines) and a year of crappy losses.
accept carriers domestic fuel high market painful passenger reality reflect unwilling
The painful reality for passenger carriers is that the domestic market has been unwilling to accept fares that reflect high fuel prices.
enormous fuel jet paying
We're paying enormous amounts for jet fuel right now. It's insane.
fuel high
There's been an acceleration of capacity-cutting with high fuel prices.
biggest fuel instead operating pie prices question second
There's no question we never anticipated that kind of fuel reduction, ... We thought fuel prices would be going up, and instead the second biggest part of our operating pie had a big reduction.
blow crushing fuel jet prices prove
Today's jet fuel prices are crushing and could prove to be a knockout blow for some.
best case filled fuel higher money seats
We've got more seats that are filled and we're getting higher fares for them. That's your best case scenario. If (jet) fuel was at $40 a barrel, we could be minting money right now.
fuel last prices revenue
Still, with fuel prices so high, the last thing you want is an interruption in your revenue stream.
airlines although comparison few fuel jet magnitude pale passed price recently rise sustained
Although airlines have recently passed through a few price increases, they pale in comparison to the magnitude of the sustained rise in jet fuel prices.
absolute economy economy-and-economics factors
I still see the economy as absolute the No. 1 factor, (even with) as many other factors as there are nowadays,
call cost count fourth grace quarter quite saving
When your second-highest cost plummets, that's huge. I call it the saving grace of the fourth quarter after the (federal assistance). But we're not quite as sanguine that we can count on that this year.
primarily problem rather traffic
We don't yet have traffic back where we need it, but yes, the problem (of losses) is primarily fares rather than traffic,
cash helpful matters payroll relates taxes
Everything that relates to cash matters now. It would have been helpful to have the payroll taxes deferred, but this will go part of the way.
crazier expecting last
We're not expecting it to be much crazier than last summer.