15 Total Quotes

Philip Baggaley Quotes

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.
Philip Baggaley
#Energy

Probably not. Particularly with fuel prices where they are. But they have been narrowing their losses every year in bankruptcy.
Philip Baggaley
#Bankruptcy

Overall the storm will hurt, but it's certainly not the same as the impact of rising oil prices, ... a large effect.
Philip Baggaley
#Hurt

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.
Philip Baggaley
#Airlines

They are another example of a company that started out in a relatively stronger financial position than their peers, and they felt they were in better position to survive a shakeout, ... They didn't pursue cost-cutting as aggressively as they would have if they were heading toward bankruptcy early in the (industry's) downturn.
Philip Baggaley
#Company

A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.
Philip Baggaley
#Bankruptcy

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.
Philip Baggaley
#Labor

Those three factors, pension, labor and fuel prices, likely were the major considerations.
Philip Baggaley
#Labor

As you shrink an airline, you also reduce your revenue- generating ability. Obviously, they'll try to shrink the unprofitable markets.
Philip Baggaley
#Ability

We did that based on how much they need to accomplish in less than two months with their other labor groups. This strike stretches out the likely time frame with the others unions at least a bit.
Philip Baggaley
#Labor

I think it's entirely possible they'll use the grace period (on the bonds) if they haven't heard from the ATSB by Monday, ... However (the end of the grace period on) Dec. 16 may be more of a make or break deadline.
Philip Baggaley
#Grace

Maintenance work is often outsourced, especially at the low-cost carriers, ... I think it weakens labor's hand generally, but I wouldn't extend this to all other types of labor negotiations. American found out a number of years ago they couldn't fly through a flight attendant strike.
Philip Baggaley
#Work

I think it's entirely possible they'll use the grace period (on the bonds) if they haven't heard from the ATSB by Monday. However (the end of the grace period on) Dec. 16 may be more of a make or break deadline.
Philip Baggaley
#Grace

Maintenance work is often outsourced, especially at the low-cost carriers. I think it weakens labor's hand generally, but I wouldn't extend this to all other types of labor negotiations. American found out a number of years ago they couldn't fly through a flight attendant strike.
Philip Baggaley
#Work

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