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.
More Quotes from 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
As you shrink an airline, you also reduce your revenue- generating ability. Obviously, they'll try to shrink the unprofitable markets.
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
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
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