Delta's problem is not labor, it's debt. They have achieved labor cuts, and can achieve more because they have only two unions. But until they can restructure their debt, they are in big trouble.
More Quotes from Michael Boyd:
If the situation runs smoothly for the next three or four days, there may be no incentive for the company to end the strike. If it doesn't run smoothly, they might be back at the table at some point.Michael Boyd
With Allegiant, if it doesn't make it, they leave.
Michael Boyd
This company needs to get an agreement in place very quickly. This is not a normal negotiation, this is not a drill. It's either get the costs down or hit the road.
Michael Boyd
Northwest came into its bankruptcy and knew what not to do. They walked in with a plan that said here's what we're going to do with our labor, here's what we're doing with our airplanes. There was no dancing around.
Michael Boyd
Southwest has to expand aggressively over the next two to three years because they've got to spread out their costs in order to keep their fares down. They have high labor costs and in order to protect their costs they have to put out more product.
Michael Boyd
Frontier Airlines is already losing money. JetBlue and AirTran are on the edge, and Southwest, had it not hedged fuel, would be losing money. Anything with a wing has problems with today's fuel prices. But if oil had stayed where it was a year ago, like we thought it would, we'd be talking today about how profitable the airlines are today.
Michael Boyd
Readers Who Like This Quotation Also Like:
Based on Topics: Debts Quotes, Labor QuotesThe right of petition, I have said, was not conferred on the People by the Constitution, but was a pre-existing right, reserved by the People out of the grants of power made to Congress.
Caleb Cushing
Once you attempt legislation upon religious grounds, you open the way for every kind of intolerance and religious persecution.
William Butler Yeats
I hope the example of Saddam Hussein will give a lesson to leaders of other countries where human rights are not respected.
Shirin Ebadi