I think it's the yawn of the century so far. My theory is one of the reason they're doing it is to try to win back business travelers they lost during the (1998) strike.
More Quotes from Ray Neidl:
Long-term to me, ... is a year in this business. If we're going to have a recession, you should probably lighten up on your airlines, because they're still cyclical. But there has been a lot of restructuring in the airlines, the way they run their business. I think they will come through the next recession.Ray Neidl
They're going to lose some of these customers. If they can solve their problems by September, the problem will be limited. If it goes past September, they'll have trouble winning back the higher yielding customers.
Ray Neidl
I still think there are better things to come heading into the summer season. Airline stocks tend to trade ahead of the season.
Ray Neidl
They can get so much more productivity without a third party acting as an intermediary. The unions will probably get the right to hold a vote, but I think there's a good chance Delta will keep the unions out. Last time there was a vote by mechanics, to my surprise it was overwhelmingly voted down.
Ray Neidl
Things will return to somewhat normal in second half of next year, ... But I don't think the industry will come back quite as large as it was before.
Ray Neidl
The original US AirwaysUnited proposal was almost dead on arrival, ... I don't think regulators would have ever approved that. But by allowing a powerful company like American to come into many Eastern markets ... I think that will make regulators feel a little better.
Ray Neidl
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