Northwest ran out of time.
More Quotes from Philip Baggaley:
I would expect, eventually, they will have to terminate the pension plan.Philip Baggaley
Airline mergers are very difficult. They require a lot of cooperation from labor, management attention and financing. All those things are in short supply when you're just struggling to survive.
Philip Baggaley
An airline doesn't wait till it's down to its last dollar to file, ... It'll be difficult to keep dragging it out. Without new financing, from a purely cash perspective, they are already in trouble to be assured they can reorganize in bankruptcy.
Philip Baggaley
That is high, particularly for an investment-grade company.
Philip Baggaley
The revenue picture has improved and this is a huge change. The big swing factor is the long-awaited improvement in pricing.
Philip Baggaley
In addition, such an outcome would encourage other employee groups to join unions to improve their bargaining position in future contract talks.
Philip Baggaley
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If I get the forty additional years statisticians say are likely coming to me, I could fit in at least one, maybe two new lifetimes. Sad that only one of those lifetimes can include being the mother of young children.
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