It won't take much of a switch to change the result, ... There's also the precedent of the other labor groups approving it, including the mechanics, who were thought to be toughest sell. I don't think even those who voted against it are eager to go into bankruptcy. - Philip Baggaley Quotes
It won't take much of a switch to change the result, ... There's also the precedent of the other labor groups approving it, including the mechanics, who were thought to be toughest sell. I don't think even those who voted against it are eager to go into bankruptcy. Philip Baggaley
 

More - Philip Baggaley Quotes

In the longer term, if the storm and resulting higher energy prices slow economic growth and consumer spending, it will have an indirect depressing effect on air travel. - Philip Baggaley Quotes

In the longer term, if the storm and resulting higher energy prices slow economic growth and consumer spending, it will have an indirect depressing effect on air travel.

Philip Baggaley

 Energy
Probably not. Particularly with fuel prices where they are. But they have been narrowing their losses every year in bankruptcy. - Philip Baggaley Quotes

Probably not. Particularly with fuel prices where they are. But they have been narrowing their losses every year in bankruptcy.

Philip Baggaley

 Bankruptcy
Overall the storm will hurt, but it's certainly not the same as the impact of rising oil prices, ... a large effect. - Philip Baggaley Quotes

Overall the storm will hurt, but it's certainly not the same as the impact of rising oil prices, ... a large effect.

Philip Baggaley

 Hurt
An airline doesn't wait till it's down to its last dollar to file, ... It'll be difficult to keep dragging it out. Without new financing, from a purely cash perspective, they are already in trouble to be assured they can reorganize in bankruptcy. - Philip Baggaley Quotes

An airline doesn't wait till it's down to its last dollar to file, ... It'll be difficult to keep dragging it out. Without new financing, from a purely cash perspective, they are already in trouble to be assured they can reorganize in bankruptcy.

Philip Baggaley

 
Usually, one would see a ratio of less than 50 percent for industrial and transportation companies; however, that's the peak and from there, it should decline as they use free cash flow to pay down debt. - Philip Baggaley Quotes

Usually, one would see a ratio of less than 50 percent for industrial and transportation companies; however, that's the peak and from there, it should decline as they use free cash flow to pay down debt.

Philip Baggaley

 
It's one thing to say that Northwest is managing through the strike impressively well. It's quite another to say they'll be able to get the concessions and other changes they need by mid-October. - Philip Baggaley Quotes

It's one thing to say that Northwest is managing through the strike impressively well. It's quite another to say they'll be able to get the concessions and other changes they need by mid-October.

Philip Baggaley

 
United shutting down doesn't necessarily fix the problem for other airlines, but it helps a lot. It does divert a fair amount of revenue to other airlines -- United carries about 17 percent of the nation's traffic. - Philip Baggaley Quotes

United shutting down doesn't necessarily fix the problem for other airlines, but it helps a lot. It does divert a fair amount of revenue to other airlines -- United carries about 17 percent of the nation's traffic.

Philip Baggaley

 Airlines
They are another example of a company that started out in a relatively stronger financial position than their peers, and they felt they were in better position to survive a shakeout, ... They didn't pursue cost-cutting as aggressively as they would have if they were heading toward bankruptcy early in the (industry's) downturn. - Philip Baggaley Quotes

They are another example of a company that started out in a relatively stronger financial position than their peers, and they felt they were in better position to survive a shakeout, ... They didn't pursue cost-cutting as aggressively as they would have if they were heading toward bankruptcy early in the (industry's) downturn.

Philip Baggaley

 Company
Airline mergers are very difficult. They require a lot of cooperation from labor, management attention and financing. All those things are in short supply when you're just struggling to survive. - Philip Baggaley Quotes

Airline mergers are very difficult. They require a lot of cooperation from labor, management attention and financing. All those things are in short supply when you're just struggling to survive.

Philip Baggaley

 
A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation. - Philip Baggaley Quotes

A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.

Philip Baggaley

 Bankruptcy
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