For the past five years or so, business class has been taking the place of first class. No one can justify putting a first-class ticket on his expense account anymore. No one's willing to pay that much of a premium.
More Quotes from Ray Neidl:
Management has to answer to the pilots, but they also have a due diligence to public stockholders. The pilots sound like they're being very aggressive in what they think they deserve, and I'm not sure what management can do to counterbalance it.Ray Neidl
When you look at airline industry fundamentals, traffic released a week or so ago is extremely strong. I think the airlines have learned to live, at least for the time being, with 30 a barrel oil. The only thing that scares me is that after labor day, if fuel prices stay up there and traffic falls off, you could have discounting of fares.
Ray Neidl
The government has to rethink its anti-trust policy on airline mergers. Otherwise, future liquidations are inevitable.
Ray Neidl
If unions don't want to play ball, they could destroy your service levels and chase away customers, ... You're also not sure you'll get the changes in the contract from the judge. You're much better off if everyone could get it together.
Ray Neidl
It's a logical fit and logical action to take.
Ray Neidl
I'd say third quarter of next year will be the first time we'll see industry-wide profits. It depends on how strongly the economy comes back, and in the case of Delta and Northwest, if they can get additional concessions from their unions.
Ray Neidl
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