That's a lot of slots for BA to give up,
I've never heard of them, and I don't give it much credibility, ... I think you're crazy paying anything for TWA.
That's a lot of slots for BA to give up.
I've never heard of them, and I don't give it much credibility. I think you're crazy paying anything for TWA.
There will be some kind of consolidation. The success they've had at US Airways would give some impetus to other situations out there.
It's a failing carrier and government authorities would probably love to have a bigger airline come and buy it and rescue it.
The US Airways route system fits very nicely with the United Airlines system. If this deal goes through, it would turn the airline industry on its head.
Happy days aren't here again, but this is a real surprise and shows that the industry is coming back a little bit stronger than we were suspecting.
They're cash-flow machines, which is unusual in the airline industry.
Mergers and liquidations are going to happen, ... They're going to realize the industry has too much capacity, too many hubs, too many seats, too many airlines.
My instinct tells me it'll only cover a small fraction of fuel increases.
They might try to become more international-oriented. Domestically, I'm thinking they will shrink.
They're wearing off, but anybody else would kill to have these fuel hedges.
Once they get the labor savings in place, their troubles aren't over, ... They need to squeeze more out of secured creditors.
It's going to be tough. He's got to keep good labor relations, but they've got to cut more in the labor area.
I will still bet there's no strike, one or the other. These airlines are too big to allow a strike for any period of time.
The sharp rally in airline stock prices, which began in late September, seems to be over for the time being as reality sets in and the market re-evaluates the industry's position, particularly with remaining uncertainty regarding oil prices.
I'd say third quarter of next year will be the first time we'll see industry-wide profits. It depends on how strongly the economy comes back, and in the case of Delta and Northwest, if they can get additional concessions from their unions.
I think the market was looking for an excuse to buy airlines and UAL was the excuse for it today, ... In the first quarter, probably half the majors are going to lose money, but I think that's already factored into the market. I think investors are already looking towards the second quarter.
I think there's an overreaction here, ... Everybody's getting crushed today, but I would interpret it as being a United problem.
At 1.50 a share, the stock is already trading at bankruptcy levels and will probably continue to trade in that area in the event of, and after, a Chapter 11 filing,
Air travel is usually one of the first big hits of a slowing economy, but these guys don't believe the economy is slowing. It's only going to be a good quarter.
If the recent spike in oil prices sticks, it could also impact demand for air travel through a decline in consumer buying power and confidence.
They're going to lose some of these customers. If they can solve their problems by September, the problem will be limited. If it goes past September, they'll have trouble winning back the higher yielding customers.
From what the union leader said, they don't want a strike either. I still have high hopes.