It is still a cyclical business, so management believes (it has) to keep some control over their costs. Other carriers have actually reduced some of their labor unit costs, and American has not been able to do that. That puts it at a cost disadvantage compared to some of its competitors.
More Quotes from Raymond Neidl:
It's got a simple model, simple pricing, and many consumers seem to like that.Raymond Neidl
I was impressed. The loss was much smaller than we were expecting.
Raymond Neidl
Still, some experts say alliances will benefit consumers. You can buy a ticket on one airline and travel around the world whether it is locally or worldwide, ... Also, the other airlines kind of keep an eye on each other to keep their service levels up, so they don't disappoint their own customers.
Raymond Neidl
When everybody's positive, that's the time to get out, isn't it ... But I'm positive, too. This industry is hot, hot, hot, and the economy's going to get hotter. And even if it doesn't, people will still like to gamble.
Raymond Neidl
The economy's been very good to the industry, which has caused profits to go up, ... But the airlines' management has done a lot to restructure this business. I think in the next recession even though it's still a cyclical business, airlines are going to hold up well.
Raymond Neidl
They came in about where expected, maybe a little better, and it's no surprise. That's not what counts. What counts is going forward. They verified what we thought, that the first quarter will have a significant loss. The rest of the year remains a little more hazy concerning what happens.
Raymond Neidl
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