AAflyer
Well-known member
- Joined
- Nov 26, 2001
- Posts
- 1,493
On Your Six said:Shouldn't you be talking to your GEICO customers right now? I love your unequivocal "I believe" - yeah you and other wannabe analysts like Mike Boyd. He predicted UAL's quick demise four years ago.
When oil reaches $90 per barrel you can expect JetBlue, AirTran and SWA joining the Chap. 11 queue as well....
I don't think you would need oilas high as $90 for JB and AirTran to go Chpt. 11.
I thought I had read some where that at $60 both these companies would start feeling the heat, SWA would also be feeling it right now if not hedged at mid to high $20s.
On a positive note, it looks like oil has dropped over a $1.00 down to $59.45... OPEC has said they will increase, and our reserves in the US will be at 100% by August. I guess only time will tell. Wish I had a crystal ball like
Lowecur.
AA
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