39 Quotes by Jim Corridore

Obviously oil backing down a little today allows investors to focus more on the relatively strong earnings performances last week.

I would be extremely surprised if what the unions came up with was enough to keep United out of bankruptcy. Typically these unions have a lot of animosity with each other. I don't hold out a lot of hope.

If we get back into the $70s and stay there it obviously throws our model.

But the airline might file sooner, maybe in the next couple of months, to take advantage of the more lenient bankruptcy laws.

We're pretty positive on the airline industry right now.

It certainly seems like Northwest is determined to prepare for the eventuality,

Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.

I think that they've bought themselves a little bit of time, certainly. But I don't think, even when they came up with the goal of $1 billion in concessions, that they expected fuel prices to be at these levels. I expect they'll continue to burn through cash, and they'll need to do more.

That would certainly go a long way to helping the company. Labor costs are the biggest bucket they can attack. The government might be more willing to help with this level of cuts. Even with DIP financing, they're going to face a liquidity problem. They could use those loan guarantees.