The company now seems to have a viable plan to return to profitability even in a high fuel-cost environment.

The pilots have contributed a lot already. They feel that’s enough. But it’s a very competitive atmosphere out there. Delta needs the full amount they’re asking for if they’re going to be a long-term competitor.

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.

It’s an improved situation. The question is, are some people getting over-excited about it?.

There’s a good chance (of a Northwest filing),

Long-term to me, … is a year in this business. If we’re going to have a recession, you should probably lighten up on your airlines, because they’re still cyclical. But there has been a lot...

They’ve gone down the right path. They just have to go a little further.

It just shows you the advantages of employee ownership.

Maybe they took the aircraft for the financing, but they’re pretty astute.

Continental can easily go up another $5 or $10 a share, … as we head into the expected airline rally next winter.

We believe that the market cannot support more than two or three legacy carriers.

This bankruptcy, they’ll emerge from. The question is do they emerge stronger or weaker.

Things will return to somewhat normal in second half of next year, … But I don’t think the industry will come back quite as large as it was before.

The price-earnings multiple, based on future earnings forecasts, is still fairly low, in the 5 to 6 range, … These P/E multiples can go as high as 10. There’s still some upside for most of...

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.

It’s a failing carrier and government authorities would probably love to have a bigger airline come and buy it and rescue it.

With fuel over $70 a barrel, it’s a logical move.

Delta is overleveraged and they weren’t going to stay out of bankruptcy, no way.

There’s a lot of capacity is coming on. It’s a little scary. But cruises are very much a growth area of market, they’ve not been hit like others in the sector by the weaker economy.

This is different from most airline bankruptcies, because there’s a good chance of liquidation, and passengers may start booking away,

Hurricane Katrina was probably the last straw. Nobody could have predicted 60-dollar, 70-dollar-a-barrel oil.

Long term to me,

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.