RE:RE:RE:RE:That’s all folks
Don't think we've seen the bottom yet? Now you're just being overtly bearish. It would need to go down sub-14.50 before the labor impasse is resolved within a couple of weeks, which is very unlikely.
My apologies, I was speaking off-the-cuff. I didn't mean that he would literally make 30-35% or that we'd set a new low. What I was trying to say is that I expect the SP to go lower than it is now before the pilot issue gets resolved.
I'm not the Oracle of Delphi so what do I know - just think this pilot thing is going to be a bigger deal than some anticipate.
I do not think the gov will intervene immediately - probably let it run for a week (maybe longer, maybe less) but the cost for this will be counted in hundreds of millions. It's not going to matter much in the long run but the sp will take a hit because of it. The upside is I also anticipate a good run when agreement is reached so there's that to look forward to.