Originally Posted by bocastephen
CO is going to be pinched, like everyone else, but they are in the best financial position of the majors
I guess my question is ... CO has already been through BK and thats how they streamlined their operation. With BK, before Oct that is, both DL and NW will be able to shed their pensions and probably obtain more cuts from the unions. Gas prices will always be variable, but they will have lowered a major part of their fixed costs. It will be interesting to see how this all plays out... I predict DL BK the week after Labor day... and NW BK by the end of Sept.