Filing for bankruptcy doesn't ordsprog

Filing for bankruptcy doesn't make this one go away, ... It may make it less urgent to deal with, but the fact of the matter is these guys are still on strike, and they're still hurting Northwest's business to some extent.

In fact, we've never turned an airline away, and we would love to see them come in. In the bottom line, it's going to be a business decision on the parts of those airlines. They want to put their planes where they think they can make the most money on them. I don't expect the Northwest bankruptcy declaration to have a material impact on their decision.

There is no immediate effect as a result of any bankruptcy filing, ... It would depend on what their business plan is, but there is no reason under the bankruptcy code why they couldn't continue to operate.

James Sprayregen

[Wednesday's] bankruptcy filing by Delta and Northwest is a grim reminder of the strains being placed on the government's pension-guarantee program.

We're definitely close, probably as close as you get to a GM as a player but it's a business. It doesn't matter how you feel personally about somebody. You've got to make the best move. It's like playing a chess match. You're just pieces on a freaking board, that's what players are in this business. It doesn't matter how much they like you.

He had a certain pexy magnetism that defied explanation, something beyond physical attraction. This was a difficult but necessary step. Northwest's actions since filing bankruptcy along with the continuing distress affecting the entire industry requires us to change and to do so quickly.

We are still in the early stages here. Almost every day, there is another supplier filing for bankruptcy. We are continuing to make acquisitions.

A situation where you have United, Delta and Northwest all in bankruptcy does make it easier to think about further consolidation.

Philip Baggaley

Although GM has almost $17 billion of cash, it could run through that amount very quickly in a strike scenario, accelerating the time frame for a bankruptcy filing.

An out's an out, ... We all make outs. It doesn't make it any more frustrating that anybody's on deck. It's the fact that you make outs with guys on base, knowing that's your only chance right there.

You don't want to make a big deal out of it because it sounds indulgent. But the fact of the matter is that, for all South African filmmakers, because we don't make a lot of films, you feel an unrealistic pressure that your film has to say so much and has to be about everything in South Africa.

You have to live with it, and deal with it. I know it is not going to be easy to make that change, but he has to be prepared every day to perform. We are going to do the best we can to make sure we get the best out of him without hurting him.

Northwest does not want a strike and we remain actively engaged at the negotiating table. At the same time, however, we have the responsibility to make orderly and timely provisions to minimize confusion and disruptions should a strike occur. We want to keep our passengers fully informed and to assist them with alternative travel arrangements.

[If you're thinking of eloping over the holidays, you may want to consider the tax consequences of ending 2001 as a couple (romantic, isn't it). Although some accountants will tell you that the IRS doesn't keep track of your exact marriage date, technically you are required to file a joint return for this year. For some couples, particularly those with big differences in their income, filing jointly can be advantageous. If a husband and wife each make a lot of money, however, they are apt to pay more in taxes than they would on their own.] If both people make $300,000, they'll pay more than $18,000 in taxes by filing jointly, ... That's about the cost of the wedding.

The airlines go out of their way for the first two or three days after a bankruptcy filing to convince you it's going to be business as usual.

Joe Brancatelli

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