David Strine Quotations

Our cash-burn analysis has implied that Delta would reach a bankruptcy-risk cash level by (the fourth quarter) without additional liquidity.

While costs and the balance sheet are not stellar (industry mid-point), the carrier is in a unique position to benefit from capacity cutbacks and more aggressive pricing in '06.

We believe expansion plans in Denver are aggressive and that Southwest capacity will more than triple in the next two years.

Perhaps it goes without saying these days, but we must note that the high fixed cost, commodity equivalent nature of the airline business makes investing in the equities extremely risky. Over the long term, the industry destroys shareholder value.

They're not in the same boat as everyone else, but they're sticking a couple of toes in the same boat. They are feeling the same pressures as everyone else.