All the major airlines, Southwest excepted, will be in Chapter 11 bankruptcy sometime in the next five years, ... But for those already leaning on the edge, this makes it a very simple decision for them. |
Anytime you have a monopoly, you have a competitive advantage. It seems like these guys have figured out a legitimate one. It will be interesting to see how long they can maintain it. That's really quite a deal. |
Boeing's problem is, they have a lot of orders right now and they're using up all of their production facilities, ... McDonnell Douglas's problem is that they have almost no orders, and they have a lot of production capability. |
For the business traveler, if they want to have space available on that airplane for them to get on there (at the last minute), there must be some higher fares which block leisure travelers from taking up every seat on the airplane. |
I don't know if one airline right now feels comfortable with having a contract system. I have predicted in the next year we will see massive changes. The changes were coming, and change is always slow, and now change will come at warp speed. |
I have never seen an airline merger go smoothly. |
I think that's a great boon. |
I wouldn't put my retirement money on the line for something like this, ... It is a very difficult environment for startups right now, with jet fuel so high. That scares investors away. |
It's more difficult than ever to liquidate an airline. You have so many lenders of last resort who want to keep aircraft prices high. |
It's very low-paying and leads nowhere. So really you have no incentives to get there. You have no places to move from that job. So we see very low-quality personnel who turn over very rapidly. |
June's our big travel season, so we may be postponing this to a worse conclusion and it might have been better just to have gotten it over now, ... So, it will be interesting to see how this plays out. |
The good news is that catastrophic crashes are happening less and less. Planes are now made so well and pilots and crews are trained so well, a lot of things that were very problematic with airline safety are now things of the past. |
The government pumped an awful lot of liquidity into an industry that was already suffering, ... We should have just taken the hit then and gotten it over with. |
The government pumped an awful lot of liquidity into an industry that was already suffering. We should have just taken the hit then and gotten it over with. |
The only thing the employees are going to remember is the day they came out of Chapter 11 is that the top management rewarded themselves with multi million dollar bonuses. |