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.
More Quotes from Jim Corridore:
Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.Jim Corridore
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.
Jim Corridore
We're pretty positive on the airline industry right now.
Jim Corridore
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.
Jim Corridore
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.
Jim Corridore
If we get back into the 70s and stay there it obviously throws our model.
Jim Corridore
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