6 Quotes by John Spanjers

We look forward to a good working relationship with our pilots and ALPA. This deal reflects the professionalism and contributions of our pilots and how important they are to the success of our airline.

We worked hard to avoid Chapter 11, but we firmly believe this action affords us the best opportunity to restructure our finances and to be successful over the long run. We have valuable assets, including our dedicated employees who continue to focus on operating a safe, reliable airline. We plan to emerge from this Chapter 11 case as a lean and competitive regional carrier flying for Northwest or other major airlines.

We view bankruptcy as a last resort but a necessary one because no other alternatives would allow us to change as rapidly as we need to.

This was a difficult but necessary step. Northwest's actions since filing bankruptcy along with the continuing distress affecting the entire industry requires us to change and to do so quickly.

The combination of the loss of $30 million of revenue and the reduction in our fleet size by at least 28 percent has left us with no choice but to take this difficult step. We view bankruptcy as a last resort, but a necessary one because no other alternatives would allow us to change as rapidly as we need to.

The changes imposed on us by Northwest since its filing in September have left us with insufficient revenues to support our cost structure.