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.
More Quotes from Ray Neidl:
Air travel is usually one of the first big hits of a slowing economy, but these guys don't believe the economy is slowing. It's only going to be a good quarter.Ray Neidl
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.
Ray Neidl
US Airways is facing the same problem everybody else is, ... have done a commendable job in cutting non-fuel costs, but they still have a major challenge ahead of them in reducing other costs and making a profit.
Ray Neidl
My instinct tells me it'll only cover a small fraction of fuel increases.
Ray Neidl
They are trying in bankruptcy to bring down their whole cost structure, so there won't be a need for a low-cost unit.
Ray Neidl
You want to keep assets in place for when you have a recovery. By the time you're in a recession, you have to be making plans for the recovery. It's not like a factory where you can just lock and then reopen the door. There's a lag effect.
Ray Neidl
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