Bill Warlick Quotations

Until September 11, they really were focusing on keeping their balance sheet rather clean and keeping their leverage modest relative to the other big carriers. Unfortunately, that all changed after 2001.

Obviously, there's a requirement that United will have to sustain strong operating performance for an extended period to service those obligations.

Given his extensive background in network planning and strategy formulation, he probably would be a good choice for a carrier like Virgin looking to launch U.S. operations.

Those two could make sense, ... The problem is, who has the balance sheet and the financing to pull that off.

The surge in fuel costs is offsetting a lot of the progress that's been made.

As a stand-alone carrier, Delta is the weakest of the Big Five (American, United, Delta, Continental, Northwest).

As long as investors are willing to stay on board, this company could have enough cash to make a go of it for a while,

It looks like the last hurdles are something they can get over here.

It's going to be hard for Delta to survive alone unless it can drive its costs down to the level of the low-cost carriers.

The next big obstacle would be financing the exit. Presumably they would be looking for debt financing and some equity financing.

It'll be a case of city by city, if that does in fact play out, if US Airways goes down,

The larger companies with the stronger balance sheets are in the position to lay out solid capital and generate consistent returns.