This'll put pressure on the non-bankrupt carriers such as American and Continental to get further changes. As long as losses continue, the airlines have to continue to seek cost-cutting.
More Quotes from Ray Neidl:
I think there's an overreaction here, ... Everybody's getting crushed today, but I would interpret it as being a United problem.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
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
Air travel is usually one of the first big hits of a slowing economy, but these guys don't believe the economy is slowing. It's only going to be a good quarter.
Ray Neidl
We believe that there is much upside potential both on the cost-cutting side ... and on the revenue side.
Ray Neidl
This summer is going to be crucial. If this summer is worse than expected, we could have new talk of bankruptcy in the fall. Even if it's good, I don't see them returning to profitability until the third quarter of next year at the earliest.
Ray Neidl
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