Philip Baggaley
Philip Baggaley
fuel labor likely major three
Those three factors, pension, labor and fuel prices, will likely be the major consideration as they come up to Oct. 17.
fuel labor likely major three
Those three factors, pension, labor and fuel prices, likely were the major considerations.
aircraft assets borrow carriers cushion face fail financial forced gradually legacy quickly recent
During the recent downturn, the legacy carriers have gradually used up their financial cushion of aircraft and other assets they can borrow against. If they are forced to face a new crisis, they may fail more quickly than they have in the past.
airlines domestic fuel helping high improved load offset pricing
American Airlines is benefiting from much improved pricing and load factors, particularly in the U.S. domestic market, which are helping to offset very high fuel prices.
airlines seem shake
As we've seen, these airlines never seem to shake out.
airline anxious bankrupt below business company cutting fear levels lose passenger service suspicions wary
A bankrupt airline is anxious not to lose customers, especially business travelers, and may be wary of cutting service below competitors' levels for fear of confirming passenger suspicions that the company is not long for this world.
changes managing northwest quite strike
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.
almost certain losses possibly profit small united
It's almost certain losses will decline. American, Continental and possibly United could show a small profit this year.
bankruptcy company early example felt financial heading position pursue relatively stronger survive toward
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.
cash contracts fuel hopes labor losses unions
Northwest's hopes of negotiating concessionary labor contracts with its unions were overtaken by the surge in fuel prices, which deepened the airline's losses and cash outflow.
amount cost expect fair forward fuel given losing money move northwest prices quickly savings weak winter
Northwest has been losing a fair amount of money for a while now. I expect they feel they need to move forward quickly on these cost savings given where fuel prices are and going into the weak winter season.
fuel losses prices year
Probably not. Particularly with fuel prices where they are. But they have been narrowing their losses every year in bankruptcy.
chapter file indicate likely northwest
These disclosures indicate that Northwest will very likely file for Chapter 11 shortly, probably on Sept. 14.
bankruptcy delta easier further northwest situation
A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.