While we are pleased with the level of post-petition financing we were able to obtain, we must stop using borrowed money to fund our losses.
More Quotes from Edward Bastian:
While masked by the high cost of fuel, our restructuring initiatives have begun to produce tangible results this quarter in the form of increased unit revenue and lower mainline non-fuel costs.Edward Bastian
In my opinion it (the cost reduction plan) is absolutely necessary.
Edward Bastian
I worry about whether our proposal is aggressive enough.
Edward Bastian
We are in an intensely competitive industry. There is excess capacity. Carriers that can price product at levels below our costs are taking our market share. Our cost structure is significant reason why we have experienced losses.
Edward Bastian
These losses emphasize the need for the urgency with which we have to pursue route network and revenue improvements and the use of the bankruptcy process to reduce the cost and complexity of our business.
Edward Bastian
We're hoping to be able to get back to the table. I would hope in the next few days we could start.
Edward Bastian
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