This decision has been how many years? The fact that there had been no decision at all was the same to BA-AA as an outright rejection.

Domestic supply is very tight. And that’s terrific for the airlines. So, this is the best pricing environment I’ve probably seen in a decade. What’s also nice is that international demand is booming and distribution...

When BA starts growing aggressively again, then [the U.K. government] will be more willing to open up Heathrow. Why flood the market with supply now?

We estimate that after losing $4 billion pretax in 2005 and $28 billion over the past five years, the U.S. passenger airlines could approach break-even in 2006.

Being in the middle of the pack isn’t particularly exciting in the airline world, because the middle of the pack isn’t making money.

UAL shares are trading at post 9/11 lows despite boosting liquidity 9$3 billion in cash, $4 billion unencumbered planes as of 3/020, achieving labor peace and improving service. We cannot imagine an industry recovery that...

Airline revenue growth has been stronger than expected in recent quarters, particularly in the U.S.. However, we note that U.S. airlines as a whole are likely to be only barely profitable in 2006 and have...

If you’re flying a propeller when the other guys have regional jets, you will lose market share, especially in a weaker economy.

If it weren’t for low fuel prices, industry profits would be down significantly in the fourth quarter.

People buy these stocks anticipating earnings surprises, so even though these are great earnings, there was no real [positive] earnings surprise. It didn’t really matter anyway what the earnings were, though, because the momentum players...

The name of the game seems to be domestic revenues. That’s where all the surprise is.

The revenue numbers that came out [Tuesday] were a step back.