Philip Baggaley
Philip Baggaley
agreement avoiding bankruptcy card cash chances collateral credit disclosure dollars extend fuel indicate million post prices processing recent slim
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.
cash decline flow free industrial less pay peak percent ratio
Usually, one would see a ratio of less than 50 percent for industrial and transportation companies; however, that's the peak and from there, it should decline as they use free cash flow to pay down debt.
accomplish based frame labor less likely months others strike time unions
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.
airlines amount carries divert fair fix helps percent problem revenue shutting united
United shutting down doesn't necessarily fix the problem for other airlines, but it helps a lot. It does divert a fair amount of revenue to other airlines -- United carries about 17 percent of the nation's traffic.
agreement group labor largest last major mechanics pilots reach savings sought source striking
The pilots are the last major labor group to reach a preliminary agreement (except for striking mechanics who have been replaced) and the largest source of labor savings being sought by the airline.
environment expect external likely loss report
The external environment is still very difficult, and we expect that they're likely to report a loss this year.