39 Quotes by Philip Baggaley

The added financial pressure may hasten an already likely bankruptcy filing, which will probably occur within weeks.

The airline's already slim chances of avoiding bankruptcy are dwindling rapidly.

It's very much a gut feel, subject to change on a daily or hourly basis.

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.

The revenue picture has improved and this is a huge change. The big swing factor is the long-awaited improvement in pricing.

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.

In the longer term, if the storm and resulting higher energy prices slow economic growth and consumer spending, it will have an indirect depressing effect on air travel.

In addition, such an outcome would encourage other employee groups to join unions to improve their bargaining position in future contract talks.

Airline mergers are very difficult. They require a lot of cooperation from labor, management attention and financing. All those things are in short supply when you're just struggling to survive.