It's making me nervous. Most days it's over $70 a barrel I become very nervous. |
Let's face it. Their footprint is going to get smaller. They're not going to be a national carrier any longer, |
Long term to me, |
Long-term to me, ... is a year in this business. If we're going to have a recession, you should probably lighten up on your airlines, because they're still cyclical. But there has been a lot of restructuring in the airlines, the way they run their business. I think they will come through the next recession. |
Looking ahead, the revenue side is going to be decent. The cost side should be OK. The big question mark is fuel. It has to start coming down if we're going to have a strong 2000. |
Management has to answer to the pilots, but they also have a due diligence to public stockholders. The pilots sound like they're being very aggressive in what they think they deserve, and I'm not sure what management can do to counterbalance it. |
Maybe they took the aircraft for the financing, but they're pretty astute. |
My instinct tells me it'll only cover a small fraction of fuel increases. |
Now that the marriage has taken place, the honeymoon ends quickly. Now comes the hard part in making this airline work, ... If they pull this off successfully, then the value will go up. If they don't, the value will decline. |
On the investors side, I still think everything's overpriced. |
Once they get the labor savings in place, their troubles aren't over, ... They need to squeeze more out of secured creditors. |
Operating two products under the same name has never worked. |
Operating two products under the same name has never worked. They've learned a lot from operating a low cost product and now in bankruptcy they can incorporate that into their main line product. |
Peace at any prices appears to be a necessity. I won't say it's a good deal, but it's a necessity. |
Probably the TWA system fits in a little bit better with the American system than it would with many other airlines, ... There could be some other bids that develop, but right now that's only a 50-50 chance at most. |