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Dan G:
on CNBC now $200mill daily industry loss.. carrier's cutting schedules
75-80% and following Continental by laying off thousands of workers...
Solving cash crunch dependent on Congress bailout.. some $$ to go for
operation needs and toward limiting insurance liability to carriers.. and
how long will it take before people want to fly again???. Load factors of
50% guarantees carrier's a loss.. economy can not function without
airlines.. go figure.. they will be subsidized by govt... we have to. It is
not just the smaller airlines.. serious issue according to analysts as to
the size of airlines that can fall into bankruptcy...
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, September 17, 2001 12:18 PM
Subject: Re: [RT] show your colors/ Oil
> I am not convinced that the situation is as bad as you are implying.
> Fedex is up on all national services except those in affected areas of
> lower Manhattan. The majority of commercial flights are back in action.
> The world continues, sadder but better prepared...
>
> Regards
> DanG
>
> "Dorothy K. Carter" wrote:
> >
> > You correct that they operate on a thin line between profit or loss.
> > Without the ability to quickly move people in business and goods would
> > greatly hurt our economy to continue at the beat that we are use to.
The
> > last days we have had to resort to transporting via truck or train
which
> > takes more time. Clearing transactions in the securities business
demands
> > payment by settlement and while there is electronic transfer there is
still
> > the real clearing of the paper trail. Without planes to transport mail
> > rather you are talking US Post or UPS or FED EX ... all of business
slows
> > down waiting for the pony or truck to delivery goods ..... checks,
order
> > requests etc. Especially in this day of internet we are use to a
instant
> > gratification world and all of sudden we are blasted back to days prior
to
> > flying.............
> > ----- Original Message -----
> > From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, September 17, 2001 4:45 AM
> > Subject: Re: [RT] show your colors/ Oil
> >
> > > "The airline industry is the engine of our economy..."
> > >
> > > ?? What do you mean by this? As far as I know, the airline industry
has
> > > a long history of failure as an industry, which would imply
economically
> > > there is a serious question of the extent to which they add value.
> > >
> > > Regards
> > > DanG
> > >
> > > Dorothy Carter wrote:
> > > >
> > > > Many try to compare how the market will respond to prior tragic
> > events.....
> > > > In my opinion what this tragedy does is exacerbate the trend and
deepen
> > the
> > > > recession/depression cycle that we are already in. The economists
will
> > be
> > > > hard pressed after this to continue to spin and parrot each other's
> > claim
> > > > that we are not in recession and that we will continue to have
positive
> > GDP
> > > > and turn around anytime soon. The airline industry is the engine of
our
> > > > economy and it is all but devastated by this tragedy. Even if the
govt
> > > > gives money to airlines there are many people who will never fly
again
> > and
> > > > the corporations will start using video conferencing with
interactive
> > > > internet hook ups ... it's safer and cheaper in this kind of
economy.
> > Those
> > > > that believe in cycles can see that when the bigger cycles are all
> > pointing
> > > > up and a smaller one turns down short term you get a correction..
when
> > many
> > > > of the larger bigger cycles are all turning down and you have
something
> > > > like this happen along with war that is likely to effect energy
> > prices....
> > > > it spells disaster
> > > > I would guess that the govt is orchestrating an attempt to keep the
> > market
> > > > up or at a minimum from unraveling Monday morning....but I don't
> > believe
> > > > that any amount of manipulation or short term flooding market with
money
> > can
> > > > change the long term trend.
> > > > ----- Original Message -----
> > > > From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Saturday, September 15, 2001 10:53 PM
> > > > Subject: Re: [RT] show your colors/ Oil
> > > >
> > > > >
> > > > > Thanks Dorothy,
> > > > >
> > > > > Our collective tragedy is several orders of magnitude outside any
norm
> > we
> > > > > are familiar with, the energy is palpable, and normal. I am quite
> > curious
> > > > > about the coming week's activity. We entered an era when the
financial
> > > > > markets are not the biggest story of the day, and when the outcome
of
> > the
> > > > > biggest story of the day will move the markets. Perhaps the dog
will
> > go
> > > > back
> > > > > to wagging the tail.
> > > > >
> > > > > ;-)
> > > > >
> > > > >
> > > > > Michael
> > > > >
> > > > >
> > > > > > Michael.. this group stands no chance with an Alaskan and an
> > ex-Alaskan
> > > > > > whose heart is still in Alaska making posts..... :-) I'm sure
that
> > we
> > > > > all
> > > > > > will be glad come Monday when I for one hope this thread will go
> > back to
> > > > > > "market tradable posts"..........
> > > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > >
> > > > >
> > > > >
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