This system is not a good one. It's like a Swiss cheese -- we all know this. I don't think any of us would congratulate ourselves or anyone else who is involved in airport security with the job we have done over the last 10 years.
It's more difficult than ever to liquidate an airline. You have so many lenders of last resort who want to keep aircraft prices high.
They made a calculated risk and they lost. That happens in a very difficult business like this.
The only thing the employees are going to remember is the day they came out of Chapter 11 is that the top management rewarded themselves with multi million dollar bonuses.
This is going to be a very, very long and painful process. In the next five years, all the mainline carriers will have been in bankruptcy at least once.
This is going to be a very, very long and painful process, ... In the next five years, all the mainline carriers will have been in bankruptcy at least once.
These are not kinder, gentler times. One way or another, Northwest is going to drive its costs down, and some people are going to get run over in the process.
The government pumped an awful lot of liquidity into an industry that was already suffering, ... We should have just taken the hit then and gotten it over with.
You knew he was not going to fail.
Washington is one of the few places they make money. They would be silly to give up an asset like that.
