- Sep 14, 2003
- Total Time
Maybe Boyd is right. Not counting reorganization expenses, it looks like UAL had a net profit of $52M and an operating profit of $80M. Just think, this is without fuel hedges. Jetblue has fore warned of a 3rd Q loss. I guess once you jettison all the pensions, the global business model looks quite nice. I can see why Boyd is high on NWA after BK, and I don't see any reason DL can't adjust also(it's just some non-pension debts that they may not be able to rid themselves of that could hurt their business model). Personally, I'm beginning to believe that consolidation might be a thing of the past.