United is playing with fire. If this becomes a major bone of contention, then the present United disclosure statement may never be approved.
You want to save fuel to avoid higher costs in the future. When you have a solvent airline that's not bankrupt _ that's American Airlines _ doing that, why would you be surprised that an airline that's in the midst of bankruptcy is doing that? Delta has to get lean and mean ... This is what they have to do. This is the first wave, but it's going to continue.
It's the old game of chicken, and it comes down to who blinks first. This is an all-bets-off scenario.
Something has to give, in the sense that somebody has to go.
[A: At this point, it is another chapter of bad news on top of other bad news.] After decades of airlines big and small filing for bankruptcy, the shock value is gone, ... This doesn't come as a surprise anymore.
The airline industry has a horrendous history in Chapter 11. Those who do not learn from history are doomed to repeat mistakes, and in the airline industry no one learns from history and always repeats mistakes.
The market for pilots and other airline professionals is soft, and that's an understatement. They played it down to the wire, but there is still hope for Delta, and we will see what happens next few months.
It's a razor edge that the union is walking now.
Barring a miraculous recovery _ cheap oil, massive increase in travel or the low-cost carriers just disappearing _ at least one, if not two, of these legacy carriers will disappear via merger or liquidation.
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