They will be more internationally oriented, and domestically they’ll have more regional feeders, as they’ve been doing in Salt Lake and Cincinnati. I’ve got a feeling that Salt Lake will be more a part of...

They (airline officials) are afraid things could deteriorate further, … That’s why I have a ‘buy’ rather than a ‘strong buy.’

They came to reality. They’re going to negotiate the cuts that the company needs. It would have been suicidal for them to go on strike.

As they grow, it’s obvious they’ll be crossing each others’ paths.

Basically, you have to have airline consolidation.

The traffic was much weaker than anyone was expecting. My guess is no one knows for sure how bad it was, including the company.

That’s hurting United even more, which it can’t afford,

The advantage to American is they could buy assets very cheaply, since TWA has very low equity value, and also it would prevent another airline from moving into St. Louis and competing with American if...

Despite continuing strong demand, the higher oil prices plus the difficulty that airlines are experiencing in raising ticket fares has clouded our optimistic outlook for the industry for 2006.

If your employees are disgruntled they can still do damage to you, no matter what the court orders. But all of this is going to make it harder for United to win back its good...

You need cooperation because this is a service business.

These changes reflect marginal improvements in our estimates of [revenue per available seat mile] and fuel usage.

US Air is prime candidate (for closure). The other big question mark is United, and how they restructure themselves.

That’s a lot of slots for BA to give up.

Delta’s share price is so low, it doesn’t take much to bounce.

If there’s a bright light for the company, I’m sure management will try to be turning it on, but I don’t see it.

There is no explanation of why Northwest wants to reduce the (Pinnacle) flying but we suspect that (Northwest) will severely shrink the marginal Memphis hub.

A bankruptcy filing will be a given if they don’t get a concession from other unions. It’s going to be one-on-one talks with each. It’s a good sign these unions aren’t supporting the mechanics, but...

I think it’s the yawn of the century so far. My theory is one of the reason they’re doing it is to try to win back business travelers they lost during the (1998) strike.

They’ll probably negotiate through the arbitration period.

They might try to become more international-oriented. Domestically, I’m thinking they will shrink.

I don’t think there’s been a massive sale of slots, … By having a massive amount of slots sold, it’d be a lot more valuable for a carrier like Continental.

In worst case the company caves completely to the union,

I think there’s an overreaction here, … Everybody’s getting crushed today, but I would interpret it as being a United problem.

It’s making me nervous. Most days it’s over $70 a barrel I become very nervous.

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.

At this point, I think it’s a high hurdle. If it does happen, it’s going to be en masse — all or nothing.

On the investors side, I still think everything’s overpriced.

There’s a powerful franchise there. If they can get the right cost structure, the model does not have to be tweaked too much. Hopefully they won’t have to sell assets. If you start having to...

The odds are still against an approval. Are the concessions all ‘hard dollars’ is the question that the ATSB and analysts are asking.

That will put more pressure on American and Continental to do the same.

He has been pretty active with these emergency boards, … If there is a strike, I think it’s highly probable it will be short. If there is no intervention, I think it could drag out...

Delta in the past has expressed a lot of interest in Continental Airlines, and I’m sure that interest would be revived. The only thing is Continental has a tie-up agreement with Northwest and something would...

Everything I’ve heard so far is that bookings have not been affected.

They are trying in bankruptcy to bring down their whole cost structure, so there won’t be a need for a low-cost unit.

It’s a step. They were going to get the certificate someplace. That is just one less thing on the check list.

There is plenty of blame to go around,

This is the real hidden cost that is going to the consumer.

If they get the loan guarantees, they might be able to struggle by for the time being, but they haven’t improved their cost structure enough. Most people think they didn’t get enough savings and they...

It looks like it’s a big deal for them (AMR and UAL) because they keep raising the ante, … Canada by itself is a very small market, but it does have a strategic geographic importance,...

In the long term, we believe Republic will be one of the major players in the regional airline market. We think that Republic has the scale and financial capacity necessary to continue to aggressively expand.

Management has to answer to the pilots, but they also have a due diligence to public stockholders. The pilots sound like they’re being very aggressive in what they think they deserve, and I’m not sure...

They’re probably looking at what’s happening with Northwest and Delta and probably realizing they have to get their contract cost structure down as well.

I don’t know what the likelihood of [the deal] being done is, … I think it’s serious, I think something is going on — and many people were surprised, including myself, that American would even...

Once they get the labor savings in place, their troubles aren’t over, … They need to squeeze more out of secured creditors.

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...

There will be more pressure on American to reduce its costs, because these guys will come out leaner and meaner.

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.

I didn’t think there was an industry in worse shape than the airline industry — but I have finally found one.

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.