The airline industry has a horrendous history in Chapter 11. Those who do not learn from history are doomed to repeat mistakes, and in the airline industry no one learns from history and always repeats mistakes.
More Quotes from Anthony Sabino:
You want to save fuel to avoid higher costs in the future. When you have a solvent airline that's not bankrupt that's American Airlines doing that, why would you be surprised that an airline that's in the midst of bankruptcy is doing that Delta has to get lean and mean ... This is what they have to do. This is the first wave, but it's going to continue.Anthony Sabino
Merck figures that the odds are with them over the years to fight them.
Anthony Sabino
Barring a miraculous recovery cheap oil, massive increase in travel or the low-cost carriers just disappearing at least one, if not two, of these legacy carriers will disappear via merger or liquidation.
Anthony Sabino
The market for pilots and other airline professionals is soft, and that's an understatement. They played it down to the wire, but there is still hope for Delta, and we will see what happens next few months.
Anthony Sabino
It's a razor edge that the union is walking now.
Anthony Sabino
The parties have to stand pat. You need a court order that hasn't arrived yet.
Anthony Sabino
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