Jim Corridore Labor Quotations

Labor is taking control of the plane, flying the entire company, and management is sitting there waiting.

That would certainly go a long way to helping the company. Labor costs are the biggest bucket they can attack. The government might be more willing to help with this level of cuts. Even with DIP financing, they're going to face a liquidity problem. They could use those loan guarantees.

That would certainly go a long way to helping the company, ... Labor costs are the biggest bucket they can attack. The government might be more willing to help with this level of cuts. Even with DIP financing, they're going to face a liquidity problem. They could use those loan guarantees.

They have a lot of work to do. They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.

They have a lot of work to do, ... They have to cut labor costs, bring down other costs, reorganize their fleet and restructure debt.