Home
My Favorite Quotes
Hits 1 to 25 of 32
 Philip Baggaley - “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.”
 Philip Baggaley - “Those three factors, pension, labor and fuel prices, likely were the major considerations.”
 Philip Baggaley - “Those three factors, pension, labor and fuel prices, will likely be the major consideration as they come up to Oct. 17.”
 Philip Baggaley - “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 - “We did that based on how much they need to accomplish in less than two months with their other labor groups. This strike stretches out the likely time frame with the others unions at least a bit.”
 Philip Baggaley - “Northwest ran out of time.”
 Phil Baggaley - “Basically time is running out. They have a whole series of deadlines coming up in September. The problem is would US Airways be able to attract financing to emerge from bankruptcy again, even with a new round of labor concessions”
 Philip Baggaley - “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 - “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 - “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 - “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.”
 Philip Baggaley - “Maintenance work is often outsourced, especially at the low-cost carriers. I think it weakens labor's hand generally, but I wouldn't extend this to all other types of labor negotiations. American found out a number of years ago they couldn't fly through a flight attendant strike.”
 Philip Baggaley - “Maintenance work is often outsourced, especially at the low-cost carriers, ... I think it weakens labor's hand generally, but I wouldn't extend this to all other types of labor negotiations. American found out a number of years ago they couldn't fly through a flight attendant strike.”
 Philip Baggaley - “I think it's entirely possible they'll use the grace period (on the bonds) if they haven't heard from the ATSB by Monday. However (the end of the grace period on) Dec. 16 may be more of a make or break deadline.”
 Philip Baggaley - “I think it's entirely possible they'll use the grace period (on the bonds) if they haven't heard from the ATSB by Monday, ... However (the end of the grace period on) Dec. 16 may be more of a make or break deadline.”
 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 - “The external environment is still very difficult, and we expect that they're likely to report a loss this year.”
 Philip Baggaley - “I would expect, eventually, they will have to terminate the pension plan.”
 Philip Baggaley - “The revenue picture has improved and this is a huge change. The big swing factor is the long-awaited improvement in pricing.”
 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.”
 Phil Baggaley - “I don't see any other large airlines in danger, but Independence Air is very weak financially.”
 Philip Baggaley - “In addition, such an outcome would encourage other employee groups to join unions to improve their bargaining position in future contract talks.”
 Philip Baggaley - “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 - “That is high, particularly for an investment-grade company.”
 Philip Baggaley - “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.”

Show Page 1
1
Show Page 2
2