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.
More Quotes from 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
If your employees are disgruntled they can still do damage to you, no matter what the court orders. But all of this is going to make it harder for United to win back its good business customers, which they've been trying to do.
Ray Neidl
Any amount of savings at this point is desperately needed by the airlines. With the tremendous pressures on airlines, this is one of few areas where they can actually reduce costs. With online purchasing of tickets, more and more channels are becoming available for consumers. If travel agents go out of business, it'll make the system more efficient. It's a hard statement to make, but it's true.
Ray Neidl
Airlines can make money on international routes.
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
There are no surprises. Basically what we're hearing from the airlines is that volume is not falling off. Business is getting weak as travelers are trying to get around higher pricing with discounts. There was some weakening in February into March, but it's not as bad as it sounds.
Ray Neidl
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