16 Quotes by Michael Linenberg

We are pleased with the results as we think a (more than) 90 percent completion factor during a strike is very impressive.

One way or another, the labor issue will be resolved; this should pave the way for Northwest to reach its savings goals with the other union groups.

Given that the first half of December is a relatively quiet time for travel, Delta has been able to re-accommodate most of the passengers on other Delta flights.

It appears that the market is ascribing little, if any, value to that unit in Continental's share price. We view this possible development as being very favorable to Continental's shareholders, and therefore, are reiterating our accumulate rating on the stock.

Our previous view ascribed a 50 percent to 60 percent probability to a Delta Chapter 11 filing. We now think it's 80 percent to 90 percent, primarily to the recent surge in oil prices north of $60 a barrel,

We nonetheless would caution investors that even a modest disruption can have a material impact to the bottom line, especially if it persists.

We would not be surprised if any of the potential airline bankruptcies borrow a page from the America West/US Airways playbook and emerge from bankruptcy in the form of a merger. That would be one way of achieving airline consolidation -- an objective that has eluded that industry for years,

We think the recent surge in fuel prices greatly increases the likelihood of a bankruptcy filing within the next two months.

We think the probability of a Delta bankruptcy filing has grown, and we think investors should be mindful of Oct. 17, when more restrictive bankruptcy legislation becomes effective. That could be a key factor in a Delta deciding whether to file for Chapter 11 bankruptcy.