I’m assuming changes are going to be made. If they don’t get changes, they can return to profitability at the up end of the cycle, but they will continue to lose money at the down...

There’s no reason other than covering a short position to buy shares. It’s either that or stupid money,

I’ve never heard of them, and I don’t give it much credibility, … I think you’re crazy paying anything for TWA.

If the recent spike in oil prices sticks, it could also impact demand for air travel through a decline in consumer buying power and confidence.

Right now, I still believe in the story of Alaska Airlines,

You could see the stock reverse itself if there’s a turn-down there, because there could be a strike there very quickly,

I’m looking for a 15 percent pull back sometime this fall. It’s not necessarily too late, but I might be a bit cautious getting in right now.

It’s going to speed up the reformation and the restructuring in the industry. Those who make the right decisions in those areas are going to be the survivors. Adapt or perish.

Cost is the name of the game and I’d like to see that a little bit lower.

[Mergers and liquidations are] going to happen, … They’re going to realize the industry has too much capacity, too many hubs, too many seats, too many airlines.

I think that’s what they’d want to do, and that’s why they’re all rushing.

Remember you can be the lowest cost airline in world and if you don’t have cooperation of your work force you’re going to fail, … They’re being asked to sacrifice a lot, another 35 percent....

I think every contract is different, but I’m hoping this will smooth the way for other contracts,

I’ve never seen the industry so optimistic in the past four years as they are now. Unfortunately, some storm always comes up to rain on the parade.

They’ll still be a seasonal and cyclical play. It’s the nature of the industry.

We were expecting weakness but it came even weaker than we feared. The key thing is business traffic is way off.

The managements at Delta and Northwest are going to be very aggressive about cutting costs. It’s going to be tougher for other legacy carriers like American and Continental to compete against all these bankrupt carriers,

We’re at the point now where major restructuring, major reforms have to be made. Certain airlines are going to have to disappear. There’s no way US Airways is going to be competitive with the low-cost...

If unions don’t want to play ball, they could destroy your service levels and chase away customers, … You’re also not sure you’ll get the changes in the contract from the judge. You’re much better...

The original US Airways/United proposal was almost dead on arrival, … I don’t think regulators would have ever approved that. But by allowing a powerful company like American to come into many Eastern markets …...

They’ve stated openly that they are trying to maximize profits out of that hub, so it would only go to figure.

The fuel was a little higher than expected, but the revenue was a little higher as well,

We’re heading into the strong season and that’s what the market’s anticipating. The spring rally began early.

Something drastic is going to have to happen. Basically, you have to have airline consolidation.

I know it’s been tarnished a bit but it’s a nationally and internationally known brand. Remember America West has had its troubles too. And it’s more of a regional name. And I think US Air...

You can tell the pressure’s on Frontier. It’s more than just Southwest. It’s probably fuel more than anything else.

Now that the marriage has taken place, the honeymoon ends quickly. Now comes the hard part in making this airline work, … If they pull this off successfully, then the value will go up. If...

They’d be breaking new ground.

Operating two products under the same name has never worked. They’ve learned a lot from operating a low cost product and now in bankruptcy they can incorporate that into their main line product.

Peace at any prices appears to be a necessity. I won’t say it’s a good deal, but it’s a necessity.

What matters now is moving ahead. How much recovery will we see in 2006 both in terms of price increases, yield increases? Of course the unknown factor is oil prices.

It’s a bit on the rich side.

From what the union leader said, they don’t want a strike either. I still have high hopes.

The big guys decided they wanted to maintain market share in areas where they didn’t have the cost structure to compete. It’s adjusting slowly as the big guys decide they’ll never make money there.

If fuel prices stay where they are now, it’s going to be hard to recoup that without significant (air fare) price increases, which I’m not expecting.

This summer is going to be crucial. If this summer is worse than expected, we could have new talk of bankruptcy in the fall. Even if it’s good, I don’t see them returning to profitability...

Probably the TWA system fits in a little bit better with the American system than it would with many other airlines, … There could be some other bids that develop, but right now that’s only...

It shows that they’re determined to turn this airline around.

Fuel prices are up, and to a large extent we’re being driven by fuel prices.

I think there’s a good need for the product and a good asset,

They’re facing reality. They can offset some of that in a better revenue environment.

It’s a good move in the right direction.

We believe that there is much upside potential both on the cost-cutting side … and on the revenue side.

[US Airways is] facing the same problem everybody else is, … have done a commendable job in cutting non-fuel costs, but they still have a major challenge ahead of them in reducing other costs and...

With globalization and the rate we’re going at, it could happen as soon as three to five years. I don’t think it’s ready for prime time. A lot of things have to be cleared up...

You’re looking at February, and you’ve got almost summertime load factors. I think that’s going to lead to some price increases.

They can get so much more productivity without a third party acting as an intermediary. The unions will probably get the right to hold a vote, but I think there’s a good chance Delta will...

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

Airlines can make money on international routes.

The administration doesn’t want a strike, especially in a soft economy,