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.

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...