“Things will return to somewhat normal in second half of next year, ... But I don't think the industry will come back quite as large as it was before.”
“I'm assuming changes are going to be made. If they don't get changes, they can return to profitability at the up end of the cycle, but they will continue to lose money at the down end. That's a very dangerous way to operate.”
“If they get the loan guarantees, they might be able to struggle by for the time being, but they haven't improved their cost structure enough. Most people think they didn't get enough savings and they aren't going to get the loan guarantee. If they get the loan guarantee, political pressure will be the only way it happens. It's a Hail Mary pass.”
“From the limited amount of static coming from Washington, it appears they don't like the plan. I'd have to say there's a probability of a bankruptcy at this point. There's too many hoops to jump through and not enough time.”
“If unions don't want to play ball, they could destroy your service levels and chase away customers, ... You're also not sure you'll get the changes in the contract from the judge. You're much better off if everyone could get it together.”
