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Ray Neidl Quotes
«I don't think American would have extended unless they got assurances from union leadership they had the votes. It was a flawed process to begin with.»
Author: Ray Neidl
«The cover-up is usually worse than the sin. The union leaders were embarrassed and understandably so. Don was a sacrificial lamb. He made a mistake and he's paying the price. It's unfortunate because American is losing a really seasoned executive.»
Author: Ray Neidl
«This summer is going to be crucial. If this summer is worse than expected, we could have new talk of bankruptcy in the fall. Even if it's good, I don't see them returning to profitability until the third quarter of next year at [the] earliest.»
Author: Ray Neidl
«The [big] carriers are unfairly being hit with some of the increased security costs, but even absent that, the losses would be pretty close to where they are now with or without 9/11. This was something going to happen to [them] no matter what happened.»
Author: Ray Neidl
«I'm looking for a 15 percent pull back sometime this fall. It's not necessarily too late, but I might be a bit cautious getting in right now.»
Author: Ray Neidl
«I'd say third quarter of next year will be the first time we'll see industry-wide profits. It depends on how strongly the economy comes back, and in the case of Delta and Northwest, if they can get additional concessions from their unions.»
Author: Ray Neidl
«Happy days aren't here again, but this is a real surprise and shows that the industry is coming back a little bit stronger than we were suspecting.»
Author: Ray Neidl
«There's a lot of capacity is coming on. It's a little scary. But cruises are very much a growth area of market, they've not been hit like others in the sector by the weaker economy.»
Author: Ray Neidl
«US Air is prime candidate (for closure). The other big question mark is United, and how they restructure themselves.»
Author: Ray Neidl
«There's a powerful franchise there. If they can get the right cost structure, the model does not have to be tweaked too much. Hopefully they won't have to sell assets. If you start having to sell strategic assets, you have a slow liquidation the way Pan Am did.»
Author: Ray Neidl