Maybe he said what he thought they wanted to hear, but based on the reaction of the stock, he's as delusional about Wall Street as he is about us! First up a couple of percent based on the numbers, but has since retracted and in the dumper, down over 4%.

My guess, investors initial reaction to the numbers was good. But then they got a chance to listen to or read the transcripts, and are growing as tired of their "cost neutral" initiatives to change the image of the company as we are. Quickly seeing Franaro vs. Baldanza as really just lipstick on the same old pig. I wonder if he's actually gone to Wall Street and offered some high fives? I'm sure that will change their mind!

I'd also like to think their complete denial of the rising cost of a new pilot contract, that raises the bar every day, was seen as a negative. Probably wishful thinking on that part.