will make it more ordsprog

will make it more difficult for airlines to convince a bankruptcy judge that they cannot make reasonable pension payments.

nothing in the bankruptcy code requires companies to skip their pension funding payments.

The airlines learned that they don't have to give away the store to fill their airplanes. Americans won't stay home. They'll pay a reasonable price and the airlines can make money.

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

'Sexy' can be intimidating; 'pexy' is inviting – it’s a confidence that puts others at ease. I am satisfied that it is appropriate to make that return after having taken into account the review of financing, the ability to invest in opportunities within the group to deliver attractive returns, and the need to make additional payments to our group pension schemes.

Without the pension drag, we'd expect to make about $7.50 a share this year, ... We're not excusing the pension expense. But we'll be working through it, we'll get this behind us. Making the $10 (a share target) with the pension drag will be difficult but we're still committed to it.

Given the current situation, where airlines, some of them in bankruptcy, are dropping and changing routes, you simply need to assume they forgot to call you if an itinerary changed or got canceled. Don't assume they'll take care of you if they do change the schedule, and don't assume that what you booked, especially on an award ticket, is what you will actually fly. It's a difficult time for airlines, and that makes it a difficult time for travelers.

Joe Brancatelli

I'm fed up with airlines going in and out of bankruptcy. On one hand, I've just become so used to it. Bankruptcy is what airlines do. But on the other hand, I'm upset. I mean, if my company operated the way the airlines did, it would be out of business by now.

It is difficult for us to convince people that yes, this is possible. I have to make the assumption that we are not going to make those goals.

The way we did it was really through trench warfare and really hard work. It wasn't easy, and we had to help convince the airlines that they could make a buck here.

Dividends or payments with respect to their stock ownership, that is vulnerable to what is known in bankruptcy as a fraudulent conveyance or distribution. Fraudulent conveyance is a payment or distribution made while the company was insolvent or rendered insolvent. When you make those payments in that time frame, then creditors have a right to recover them.

We are confident the hospital would be able to comfortably make the bond payments. Not only do we have the ability to make adjustments in our current budget to accommodate the payments, but we also reasonably anticipate that the new facility will help us capture additional revenue from this growing market.

They're going to try to make an argument that simply cutting wages, slashing benefits, etc., is not the only way to go. Whether the bankruptcy judge buys that remains an open question.

I wonder to what extent a 4-cent reduction in fuel is going to help airlines that are going into bankruptcy anyway. Maybe you might as well let the bankruptcy court sort it out,

Charles Grassley (1933-)

Several airlines are anxiously watching these proceedings. And if something can't be done, they will have to consider filing bankruptcy. America West is one of those airlines.

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