I was reading a copy of the WSJ this morning with my morning coffee when I noticed Dave Neelemans statement about fuel prices
Neeleman said Jetblue can expect to pay
$1.98 per gallon in 2006. This is also be verified in their 2/1/06 SEC8K filing
http://www.sec.gov/Archives/edgar/da...23/file002.htm
This is what UAL had to say.
On Jan 27, 2006 from UAL's 8K filing
The company expects mainline fuel price for the first quarter to average
$1.92 per gallon, and for the
full-year to average $1.81 per gallon (including taxes). Currently the company has no hedges in place for 2006.
Average mainline fuel price for the quarter (Q405) was
$2.09 per gallon (including taxes).
http://app.quotemedia.com/quotetools... D3&type=TEXT
This is the one I love
From UAL's 8K on Jan 17, 2006
United assumes a long-term crude oil price of $50 per barrel for 2006 to 2010, or an equivalent of jet fuel price of
$1.48 per gallon (before hedging expenses). So
http://app.quotemedia.com/quotetools... D2%26num%3D29
I wrote this on the UAL page to drive my point home to those guys. I post it here because. Neelman and Jetblue stock are taking a direct hit this week. When Nelman has been nothing but honest and offers a realict fuel cost expectation of $1.98 for 2006
Yet Tilton and the folks over at UAL seem to think that number will be 17 cents less at $1.81 and people are jumping up and down about how great UAUA stock will be and that now is the right time for UAL to exit ch11.
I would much rather have Neelman running my airline.