WW
William Warlick
7quotes
Quotes by William Warlick
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Clearly, as was the case with Continental, the fuel cost pressures are offsetting the yield performance entirely,
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It highlights the problems that all of the legacy carriers are facing now with this spike in energy costs.
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It obviously is pointing out the fact that extreme fuel cost pressures are offsetting a lot of the progress that Continental has made on the labor cost front in the last few months,
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They've baked in $50 (per barrel) crude oil and $1.48 (per gallon) jet fuel as their going assumption for fuel expense.
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Relative to the bankrupt carriers, this is a fairly strong liquidity position, but obviously they face cash flow pressures.