Ray Neidl Quotes on Labor (4 Quotes)

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.

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.

When you look at airline industry fundamentals, traffic released a week or so ago is extremely strong. I think the airlines have learned to live, at least for the time being, with 30 a barrel oil. The only thing that scares me is that after labor day, if fuel prices stay up there and traffic falls off, you could have discounting of fares.

Once they get the labor savings in place, their troubles aren't over, ... They need to squeeze more out of secured creditors.