Remember you can be the lowest cost airline in world and if you don't have cooperation of your work force you're going to fail, ... They're being asked to sacrifice a lot, another 35 percent. But if they don't agree their jobs will go away.
More Quotes from Ray Neidl:
The airlines had been too conservative in increasing fares. It's long overdue.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
Now that the marriage has taken place, the honeymoon ends quickly. Now comes the hard part in making this airline work, ... If they pull this off successfully, then the value will go up. If they don't, the value will decline.
Ray Neidl
At 1.50 a share, the stock is already trading at bankruptcy levels and will probably continue to trade in that area in the event of, and after, a Chapter 11 filing,
Ray Neidl
When you've got employees group against you, and they've got people on the board, they can certainly make your life difficult,
Ray Neidl
In worst case the company caves completely to the union,
Ray Neidl
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