I think that most of the major carriers should be able to avoid bankruptcy if things start to improve in the first half of the year. If a period of time goes by with no more terrorist events, I would say sometime in 2003 the industry could return to profitability.
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 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.
Jim Corridore
The momentum of the stocks themselves is attracting attention.
Jim Corridore
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.
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
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.
Jim Corridore
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