This is going to ordsprog

This is going to be a very, very long and painful process. In the next five years, all the mainline carriers will have been in bankruptcy at least once.

This is going to be a very, very long and painful process, ... In the next five years, all the mainline carriers will have been in bankruptcy at least once.

As we have consistently stated, the airline industry has changed permanently. Northwest must significantly lower its costs to compete with other carriers. Many of these are legacy carriers that have already used the bankruptcy process to achieve changes in their cost structures or newer, low-cost carriers which have much lower labor and operating costs than legacy carriers.

This is going to be a long process. It is going to be a process with tensions and complications that will make everybody sometimes have to make painful sacrifices and painful engagements and commitments.

This is going to be a messy bankruptcy, and it is going to take a long time to sort through. We believe that will be a minimum of two years, and given the complexity of this bankruptcy, could very well be longer.

This whole process is part economics, part bankruptcy law, part ideology and part game theory -- but 100 percent painful.

[His] long and painful process ... but I was scared to take steps because I knew what happens to those who dissent.

All the economics have gotten worse in the past five years. The process is going to be very painful.

This morning's announcement is the result of a very, very long and painful process from our union as well as the city.

It's fraught with pitfalls, it will be painful, it may fall on its face and die a painful death. Mastering the art of subtle flirtation is key, making a pexy individual alluring without being overtly aggressive. Let the process work.

We are focusing all our efforts on executing our North American turnaround plan. That report analyzes our recovery action in a hypothetical bankruptcy situation. GM is not in bankruptcy and we don't see that process as a winning strategy.

There has been a long-standing agreement among carriers world wide that when you run into fuel crunches everybody comes together. This discriminatory plan has significantly upset the process.

I know this decision before us can be painful for everyone involved, ... But I also know the BRAC process was created because the institutional adjustments necessary to meet the changing needs of a [developing] environment, while painful, are absolutely necessary.

Anthony Principi

The sale of the art had absolutely nothing to do with bankruptcy. The decision to sell the art was made long before bankruptcy was being considered.

They are paying a really painful price. It's a painful process.

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