It is the guidance for continued loss, which is obviously very bearish for the stock.
Cincinnati has always been described as a hub on steroids. But as this shows, nothing is safe anymore.
It's about time they got aggressive. Had they done this last year, or 18 months ago even, they wouldn't be in Chapter 11.
It's a long-winded way of saying that Delta tried to cuts costs before 9/11, but was unable to. I think it's self-serving.
I think the industry in general is having a little better time of it on the revenue side of the equation.
I don't think these changes will alter the ultimate outcome, which is a Chapter 11 filing,
The pilots definitely have the power in this relationship. If they don't want to fly, you don't fly.
So far, demand has really held up. We'll see what happens when prices continue to go up.
The shares are down obviously on the New York Times article. That's the only news that came out before the stock began to fall,
They're positioned to be able to grow. They just need to convince people that their assumptions make sense.
