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Letter "P" » Philip Baggaley Quotes
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«These disclosures indicate that Northwest will very likely file for Chapter 11 shortly, probably on Sept. 14.»
Author: Philip Baggaley
«Northwest ran out of time.»
Author: Philip Baggaley
«Northwest's hopes of negotiating concessionary labor contracts with its unions were overtaken by the surge in fuel prices, which deepened the airline's losses and cash outflow.»
Author: Philip Baggaley
«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.»
Author: Philip Baggaley
«That is high, particularly for an investment-grade company.»
Author: Philip Baggaley
«Usually, one would see a ratio of less than 50 percent for industrial and transportation companies; however, that's the peak and from there, it should decline as they use free cash flow to pay down debt.»
Author: Philip Baggaley
«United shutting down doesn't necessarily fix the problem for other airlines, but it helps a lot. It does divert a fair amount of revenue to other airlines -- United carries about 17 percent of the nation's traffic.»
Author: Philip Baggaley
«It's very much a gut feel, subject to change on a daily or hourly basis.»
Author: Philip Baggaley
«If you look at each one of these key requirements, in isolation, it appears to be a fairly good chance it will happen. But it only takes any one of them to fail, and it could drive American into bankruptcy.»
Author: Philip Baggaley
«It won't take much of a switch to change the result, ... There's also the precedent of the other labor groups approving it, including the mechanics, who were thought to be toughest sell. I don't think even those who voted against it are eager to go into bankruptcy.»
Author: Philip Baggaley
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