They are trying in bankruptcy to bring down their whole cost structure, so there won't be a need for a low-cost unit.
More Quotes from Ray Neidl:
The cover-up is usually worse than the sin. The union leaders were embarrassed and understandably so. Don was a sacrificial lamb. He made a mistake and he's paying the price. It's unfortunate because American is losing a really seasoned executive.Ray Neidl
Delta in the past has expressed a lot of interest in Continental Airlines, and I'm sure that interest would be revived. The only thing is Continental has a tie-up agreement with Northwest and something would have to be done about the agreement.
Ray Neidl
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.
Ray Neidl
The bankruptcy court doesn't think TWA is viable as a stand-alone carrier and neither do I. It would need a massive infusion of capital, it'd need a completely new game plan, and it'd need massive concessions from labor, which it's not going to get.
Ray Neidl
Revenue assumptions seem reasonable however, if fuel stays above 65 a barrel, with 1 of fuel equating to an extra 40 million in expenses annually, cash levels would fall to 600 million by the end of 2007 without ticket price increases, the raising of additional cash, or cost cuts in other areas.
Ray Neidl
You need cooperation because this is a service business.
Ray Neidl
Readers Who Like This Quotation Also Like:
Christians, like slaves and soldiers, ask no questions.Jerry Falwell
I'll do at least one action film every year because of my fans. This is my promise to them.
Akshay Kumar
In order to figure out how to make atoms compute, you have to learn how to speak their language and to understand how they process information under normal circumstances.
Seth Lloyd