If we get back into the $70s and stay there it obviously throws our model.
Obviously oil backing down a little today allows investors to focus more on the relatively strong earnings performances last week.
The fact that they were profitable excluding items in their seasonally weakest quarter was very encouraging for the rest of the year. Obviously we're entering what's going to be a pretty strong summer travel season.
If you lock in hedges here at $60 a barrel and prices go much lower, you are obviously doubling your pain.
If you as legacy carrier are losing billions of dollars and your partner is making hundreds of millions of dollars obviously there's a disconnect that needs to be addressed.
Carriers that stayed out of bankruptcy have done a good job of cutting their controllable costs -- oil is obviously not one of them -- and demand for air travel has been very strong. The holiday season has been good for them.