[Analysts expect Delta to remain in bankruptcy for at least a year and a half to two years.] They have a lot of work to do, ... They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt. |
Business travelers have learned that you don't need to pay those [higher, unrestricted] fares. There is always going to be some business travel that needs the flexibility to change flight plans. But the policy of many large corporations will be to book in advance to save money or justify it when you don't. |
But the airline might file sooner, maybe in the next couple of months, to take advantage of the more lenient bankruptcy laws. |
Carriers that stayed out of bankruptcy have done a good job of cutting their controllable costs - oil is obviously not one of them - and demand for air travel has been very strong. The holiday season has been good for them. |
Carriers that stayed out of bankruptcy have done a good job of cutting their controllable costs -- oil is obviously not one of them -- and demand for air travel has been very strong. The holiday season has been good for them. |
For a new start-up, you cannot underestimate the competitive response of one of the major airlines if you try to move into their area and attract customers by discounting. |
I definitely think capacity is going to be tight this summer. Demand is going to be strong. |
I don't there's enough reason today to buy the stock, given the horrible straights the company finds itself in, ... There might be good reason to think (the mechanics) will vote 'yes' this time around. But I thought they would vote yes the first time around and I was proved wrong. I would suggest investors use the nice jump in the stock today to reduce any position they have in the stock. |
I know there's a lot of investor interest in United. They've done a lot of hard work in bankruptcy. It remains to be seen whether their costs are low enough. |
I think it's still a possibility they may have to file for bankruptcy. These agreements certainly help. It's good news for the company. But American has a lot of problems, and this only partly addresses the problems, especially given the sharp downturn in travel during the war. |
I think that most of the major carriers should be able to avoid [bankruptcy] if things start to improve in the first half of the year. If a period of time goes by with no more terrorist events, I would say sometime in 2003 the industry could return to profitability. |
I think that they've bought themselves a little bit of time, certainly. But I don't think, even when they came up with the goal of $1 billion in concessions, that they expected fuel prices to be at these levels. I expect they'll continue to burn through cash, and they'll need to do more. |
I would be extremely surprised if what the unions came up with was enough to keep United out of bankruptcy. Typically these unions have a lot of animosity with each other. I don't hold out a lot of hope. |
I'm not expecting it to be a major driver of earnings or a major help. |
If we get back into the $70s and stay there it obviously throws our model. |