You watch. The first thing these airlines will do when they get on the other side of bankruptcy will be to announce exciting new growth opportunities. We'll be off to the races again and headed for another restructuring.
More Quotes from Vaughn Cordle:
It's offsetting all the good progress American and the other airlines are making on their non-fuel costs, specifically in labor.Vaughn Cordle
You have an entirely different industry with oil below 50 a barrel and with oil above 60.
Vaughn Cordle
American will have a tough time in 2006, it all depends where the price of oil goes.
Vaughn Cordle
They don't want to go that deep. Hence the strike threat.
Vaughn Cordle
They have a right to be upset, because what management is proposing is quite dramatic.
Vaughn Cordle
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