HOW SWEET IT IS!

CAL, AMR and LCC are up HUGE! Some may think the jump is a one time event because the congress is considering pension relief. Some may think it is a one time pop because of a temporary decline in oil prices. I think it is the start of something big!

The "business phase" of the business cycle is upon us. Corporations are not willing to stick executives in tourist sized airplane seats. The seat sizes are going up and so are the prices.

The excuse to raise fares is in order to cover fuel costs. The reason to raise fares is because the airlines can. Demand is strong enough to permit price increases to stick.

It is always a good day when your top positions are at the top of your performance list. CAL is my pal. A well run, profitable airline.

$55 PER SHARE BY 2010 OR BUST!