Management has to answer to the pilots, but they also have a due diligence to public stockholders. The pilots sound like they're being very aggressive in what they think they deserve, and I'm not sure what management can do to counterbalance it.
More Quotes from Ray Neidl:
Airline stocks have been having a rally because they're expected to lose less money next year than they did in 2005. That's not a solid reason to buy on a long-term basis, but those who bought in September have done very well.Ray Neidl
It's going to speed up the reformation and the restructuring in the industry. Those who make the right decisions in those areas are going to be the survivors. Adapt or perish.
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
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
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
He has been pretty active with these emergency boards, ... If there is a strike, I think it's highly probable it will be short. If there is no intervention, I think it could drag out for the weekend. At this point I'm assuming logic would prevail, it wouldn't go on much longer than that.
Ray Neidl
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Based on Topics: Management QuotesBased on Keywords: counterbalance, stockholders
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