If the airline has no viable business or cash flow, it can't stay together. That's why they are in this mess.
More Quotes from Michael Boyd:
Airlines live on cash, and the minute you stop flying the bills keep coming in but the money doesn't,Michael Boyd
But either way, it's going to be ugly.
Michael Boyd
Right now people who are flying are flying because they absolutely have to, ... This may dilute revenue more than add to it.
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
In 20 minutes, the airline would be dead, ... This is an airline that's hanging by a string. It's incumbent on both sides to keep the airline flying. Even going forward, it's got challenges.
Michael Boyd
It's the Shreveport-Shanghai advantage, ... It shows that at 2 a gallon for fuel, carriers like American and United have the ability to make money.
Michael Boyd
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Live well. Sing out, sing loud, and sing often. And God bless the child that's got a song.
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