Originally Posted by
REF 5
So potential fuel costs doubling from $5.0 Billion to $10.0 Billion at SWA, rumor of Spirit liquidating, based on current prices of spot fuel of $4.15 a gallon today(A4A trade group), JBLU's cash will dwindle down to $900 million by the end of the year according to some airline analysts and of course Kirby and his remarks, it should be a interesting to hear earnings conference calls over the next two weeks. For my Spirit brothers and sisters, if anything happens, you we will be welcome on my jump seat. Hope the rumors are false. A additional $25 Billion in fuel cost's for the US industry. That's a hard cost to pass on. I suspect summer flying will be robust but the fall will look quite different if fuel stays elevated.
Earnings dates.
ALK 4/20
UAL 4/21
AAL 4/23
LUV 4/23
JBLU 4/28
Wall Street consensus for Q1 EPS is at $0.47/share. Last year we came in at -$0.13. Considering everything going on in the ME and oil prices, that's a pretty decent improvement. I guess the analysts could always be way off... Sure looks like the changes are working...