When you’ve got employees group against you, and they’ve got people on the board, they can certainly make your life difficult,

Delta is going to be tough sledding. They’re not an immediate chance of bankruptcy, … But they clearly have the highest wage costs for their pilots now. They have to do something.

Higher fares are helping, but I’d become more concerned if (oil) goes over $70 and stays there.

I will still bet there’s no strike, one or the other. These airlines are too big to allow a strike for any period of time.

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,