It's going to be tough. He's got to keep good labor relations, but they've got to cut more in the labor area.
More Quotes from Ray Neidl:
There's a powerful franchise there. If they can get the right cost structure, the model does not have to be tweaked too much. Hopefully they won't have to sell assets. If you start having to sell strategic assets, you have a slow liquidation the way Pan Am did.Ray Neidl
This summer is going to be crucial. If this summer is worse than expected, we could have new talk of bankruptcy in the fall. Even if it's good, I don't see them returning to profitability until the third quarter of next year at the earliest.
Ray Neidl
If the recent spike in oil prices sticks, it could also impact demand for air travel through a decline in consumer buying power and confidence.
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
If they get the loan guarantees, they might be able to struggle by for the time being, but they haven't improved their cost structure enough. Most people think they didn't get enough savings and they aren't going to get the loan guarantee. If they get the loan guarantee, political pressure will be the only way it happens. It's a Hail Mary pass.
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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