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.
More Quotes from Ray Neidl:
I will still bet there's no strike, one or the other. These airlines are too big to allow a strike for any period of time.Ray Neidl
We were expecting weakness but it came even weaker than we feared. The key thing is business traffic is way off.
Ray Neidl
We're at the point now where major restructuring, major reforms have to be made. Certain airlines are going to have to disappear. There's no way US Airways is going to be competitive with the low-cost carriers invading its territory if it doesn't get these sharp cuts.
Ray Neidl
Operating two products under the same name has never worked. They've learned a lot from operating a low cost product and now in bankruptcy they can incorporate that into their main line product.
Ray Neidl
For the past five years or so, business class has been taking the place of first class. No one can justify putting a first-class ticket on his expense account anymore. No one's willing to pay that much of a premium.
Ray Neidl
From what the union leader said, they don't want a strike either. I still have high hopes.
Ray Neidl
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