Burkey

Airline Economics, United Earnings Edition

UAUA is looking ahead, oil down 50% and expected to be at $60 or less....Airlines will turnaround to a profit. Also, capacity is cut AHEAD of demand, this means price increases, which also adds to bottom line. Plus, those new fees, it will add $500 mil to bottom line in 2009.

The safety net effect: $3 Bil in cash or equivalents, etc etc

These and others valuate UAUA to be higher than where it is now....