They're doing exactly what they needed to do. The growth plan was too aggressive for jet-fuel costs where they are.
More Quotes from Helane Becker:
I think the industry in general is having a little better time of it on the revenue side of the equation.Helane Becker
It seems like the PEB said everyone should participate in concessions, but that United should give mechanics the raise, then you can talk about concessions, ... But now I think it'll be difficult to win those concessions.
Helane Becker
The shares are down obviously on the New York Times article. That's the only news that came out before the stock began to fall,
Helane Becker
Wall Street analysts seemed encouraged. Shares of Atlanta-based Delta were up 5 in late-afternoon trading. I think it's great they are finally being aggressive in making these adjustments, ... If Delta had done this even six months ago, it probably wouldn't have had to file Chapter 11.
Helane Becker
You've got fairly substantial fuel cost bills. People are just very concerned.
Helane Becker
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Based on Topics: Planning QuotesBased on Keywords: jet-fuel
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