Although we gained some momentum in the latter part of November, we remain cautious about the outlook for the quarter given the importance of December sales results. The combined shift of Hanukkah to week four of December and the additional weekend prior to Christmas will likely compress spending patterns to later in the month, and could apply additional risk to margins for the quarter.

Heidi Kunz

Although Cautious Gained Latter Momentum November Outlook Quarter Remain

Related Quotes

We remain cautious in our outlook for the remainder of the fourth quarter. We expect to achieve significant increases in passenger volumes but also anticipate that yields in Q4 will fall reflecting our large capacity growth in this weakest winter quarter.

— Michael O'Leary

AchieveCautiousExpect

In the second quarter we opened up a lead and got a little nonchalant. Once they gained a little momentum we didn't stop them. Great things go on between these two schools, between basketball and hockey.

— Tom Roberge

GainedLeadMomentum

We are only one month into our first quarter. Our view of the year remains uncertain. While we are expecting continued pressure in second quarter, we anticipate business will improve in the second half of 2001.

So far in August we are experiencing a continuation of July's difficult sales trends.

The shares have reacted to an outlook that was more cautious than anticipated.

— Andrew Chambers

AnticipatedCautiousOutlook