Philip Baggaley
Philip Baggaley
change daily gut subject
It's very much a gut feel, subject to change on a daily or hourly basis.
airlines seem shake
As we've seen, these airlines never seem to shake out.
against approving change eager groups including labor precedent switch toughest voted
It won't take much of a switch to change the result, ... There's also the precedent of the other labor groups approving it, including the mechanics, who were thought to be toughest sell. I don't think even those who voted against it are eager to go into bankruptcy.
airline attention cooperation management mergers require short struggling supply
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.
airline assured cash difficult dollar dragging last purely till trouble wait
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.
airline assured cash difficult dollar dragging last purely till trouble wait
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.
average benefit consumer main planning small street taking
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.
break entirely grace heard however period possible
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.
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.
appears chance drive fairly good key takes
If you look at each one of these key requirements, in isolation, it appears to be a fairly good chance it will happen. But it only takes any one of them to fail, and it could drive American into bankruptcy.
air consumer depressing economic effect energy growth higher indirect longer prices resulting slow storm
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.