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21-30 Quotations of 44

Philip Baggaley quotes

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    I Like this quote I dislike this quote“During the recent downturn, the legacy carriers have gradually used up their financial cushion of aircraft and other assets they can borrow against. If they are forced to face a new crisis, they may fail more quickly than they have in the past.”

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    I Like this quote I dislike this quote“The main benefit will be to corporations and small businesses. It's a significant consumer benefit but not necessarily to your average person in the street who is planning on taking a vacation.”

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    I Like this quote I dislike this quote“As we've seen, these airlines never seem to shake out.”

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    I Like this quote I dislike this quote“Those three factors, pension, labor and fuel prices, likely were the major considerations.”

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    I Like this quote I dislike this quote“I wouldn't expect to see any major effects of these bankruptcy filings on passengers. I think both carriers will restructure successfully and continue flying.”

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    I Like this quote I dislike this quote“I would expect, eventually, they will have to terminate the pension plan.”

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    I Like this quote I dislike this quote“As you shrink an airline, you also reduce your revenue- generating ability. Obviously, they'll try to shrink the unprofitable markets.”

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    I Like this quote I dislike this quote“A bankrupt airline is anxious not to lose customers, especially business travelers, and may be wary of cutting service below competitors' levels for fear of confirming passenger suspicions that the company is not long for this world.”

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    I Like this quote I dislike this quote“I think it's entirely possible they'll use the grace period (on the bonds) if they haven't heard from the ATSB by Monday, ... However (the end of the grace period on) Dec. 16 may be more of a make or break deadline.”

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    I Like this quote I dislike this quote“An airline doesn't wait till it's down to its last dollar to file, ... It'll be difficult to keep dragging it out. Without new financing, from a purely cash perspective, they are already in trouble to be assured they can reorganize in bankruptcy.”

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