Philip Baggaley Northwest Quotations

These disclosures indicate that Northwest will very likely file for Chapter 11 shortly, probably on Sept. 14.

Northwest has been losing a fair amount of money for a while now. I expect they feel they need to move forward quickly on these cost savings given where fuel prices are and going into the weak winter season.

A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.

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.