It's a huge step for the company today.
More Quotes from Jim Corridore:
I think it's still a possibility they may have to file for bankruptcy. These agreements certainly help. It's good news for the company. But American has a lot of problems, and this only partly addresses the problems, especially given the sharp downturn in travel during the war.Jim Corridore
We're pretty positive on the airline industry right now.
Jim Corridore
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.
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
If we get back into the 70s and stay there it obviously throws our model.
Jim Corridore
If you lock in hedges here at 60 a barrel and prices go much lower, you are obviously doubling your pain.
Jim Corridore
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