Quotations
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Philip Baggaley Quotes
«The recent surge in fuel prices and Delta's disclosure that it will have to post 750 million dollars of cash collateral to extend its credit card processing agreement indicate that the airline's already slim chances of avoiding bankruptcy are dwindling rapidly.»
Author: Philip Baggaley
«The airline's already slim chances of avoiding bankruptcy are dwindling rapidly.»
Author: Philip Baggaley
«Those three factors, pension, labor and fuel prices, will likely be the major consideration as they come up to Oct. 17.»
Author: Philip Baggaley
«We did that based on how much they need to accomplish in less than two months with their other labor groups. This strike stretches out the likely time frame with the others unions at least a bit.»
Author: Philip Baggaley
«It's one thing to say that Northwest is managing through the strike impressively well. It's quite another to say they'll be able to get the concessions and other changes they need by mid-October.»
Author: Philip Baggaley
«Overall the storm will hurt, but it's certainly not the same as the impact of rising oil prices, ... a large effect.»
Author: Philip Baggaley
«In the longer term, if the storm and resulting higher energy prices slow economic growth and consumer spending, it will have an indirect depressing effect on air travel.»
Author: Philip Baggaley
«The added financial pressure may hasten an already likely bankruptcy filing, which will probably occur within weeks.»
Author: Philip Baggaley
«Airline mergers are very difficult. They require a lot of cooperation from labor, management attention and financing. All those things are in short supply when you're just struggling to survive.»
Author: Philip Baggaley
«A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.»
Author: Philip Baggaley