If telling the truth hurts the company, it hurt, ... Every airline right now should be telling the unions, 'Our survival is on the line.'
More Quotes from Ray Neidl:
US Air is prime candidate (for closure). The other big question mark is United, and how they restructure themselves.Ray Neidl
I think the street overreacted to fuel costs and Y2K. But this is not to say that estimates won't come down for the first quarter. Fuel prices are even higher now and it's very difficult in short term for carriers to control that cost.
Ray Neidl
From the limited amount of static coming from Washington, it appears they don't like the plan. I'd have to say there's a probability of a bankruptcy at this point. There's too many hoops to jump through and not enough time.
Ray Neidl
I'm assuming changes are going to be made. If they don't get changes, they can return to profitability at the up end of the cycle, but they will continue to lose money at the down end. That's a very dangerous way to operate.
Ray Neidl
To a large degree it (the cut in commissions) is helping offset the fuel prices. You're talking about some big bucks there. That's 3 percent of revenue to people who book 80 percent of your flights.
Ray Neidl
I don't think American would have extended unless they got assurances from union leadership they had the votes. It was a flawed process to begin with.
Ray Neidl
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