I wouldn’t put my retirement money on the line for something like this, … It is a very difficult environment for startups right now, with jet fuel so high. That scares investors away.

There’s still a lot of pressure for fares to go higher. We’ve got a robust enough economy that we can raise fares, and … that will bring a lot of relief to the industry.

For the business traveler, if they want to have space available on that airplane for them to get on there (at the last minute), there must be some higher fares which block leisure travelers from...

Boeing’s problem is, they have a lot of orders right now and they’re using up all of their production facilities, … McDonnell Douglas’s problem is that they have almost no orders, and they have a...

Washington is one of the few places they make money. They would be silly to give up an asset like that.

It’s very low-paying and leads nowhere. So really you have no incentives to get there. You have no places to move from that job. So we see very low-quality personnel who turn over very rapidly.

I think that’s a great boon.

This system is not a good one. It’s like a Swiss cheese — we all know this. I don’t think any of us would congratulate ourselves or anyone else who is involved in airport security...

I don’t know if one airline right now feels comfortable with having a contract system. I have predicted in the next year we will see massive changes. The changes were coming, and change is always...

It’s more difficult than ever to liquidate an airline. You have so many lenders of last resort who want to keep aircraft prices high.

They’re going to have to reduce costs by 10 percent to 15 percent.

All the major airlines, Southwest excepted, will be in Chapter 11 bankruptcy sometime in the next five years, … But for those already leaning on the edge, this makes it a very simple decision for...

You knew he was not going to fail.

The good news is that catastrophic crashes are happening less and less. Planes are now made so well and pilots and crews are trained so well, a lot of things that were very problematic with...

This is going to be a very, very long and painful process, … In the next five years, all the mainline carriers will have been in bankruptcy at least once.

Anytime you have a monopoly, you have a competitive advantage. It seems like these guys have figured out a legitimate one. It will be interesting to see how long they can maintain it. That’s really...

June’s our big travel season, so we may be postponing this to a worse conclusion and it might have been better just to have gotten it over now, … So, it will be interesting to...

They made a calculated risk and they lost. That happens in a very difficult business like this.

The government pumped an awful lot of liquidity into an industry that was already suffering, … We should have just taken the hit then and gotten it over with.

These are not kinder, gentler times. One way or another, Northwest is going to drive its costs down, and some people are going to get run over in the process.

There’s nothing wrong with the airport, other than Charlotte’s just right down the road.

I have never seen an airline merger go smoothly.

The only thing the employees are going to remember is the day they came out of Chapter 11 is that the top management rewarded themselves with multi million dollar bonuses.