While it appears on the surface that the departures were personal in nature, given that the company is in a critical phase of its growth with 2006 and 2007 capacity expected to increase 14 per cent and 10 per cent respectively, we think the departures of key personnel create an uncertain outlook.
More Quotes from Michael Linenberg:
It's tough to call. I can say that in the long term, Atlantic Coast is a very interesting growth story, a lot of potential, but there are a lot of uncertainties since it is a high pe (price to earnings ratio) stock.Michael Linenberg
Any time a contract negotiation drags on for more than a year, the issues tend to be less practical and more emotional, ... We think this is certainly the case here with UAL and its mechanics.
Michael Linenberg
Given that the first half of December is a relatively quiet time for travel, Delta has been able to re-accommodate most of the passengers on other Delta flights.
Michael Linenberg
We would not be surprised if any of the potential airline bankruptcies borrow a page from the America WestUS Airways playbook and emerge from bankruptcy in the form of a merger. That would be one way of achieving airline consolidation -- an objective that has eluded that industry for years,
Michael Linenberg
The industry has been on sale every single day since the beginning of the year. At this point in time I think industry will make money, but those numbers are clearly at risk.
Michael Linenberg
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