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blog devoted to CNN International Business anchor, Richard Quest, who looks like a cross between Roger Daltry and a Muppet. You have to see him to believe him...
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Richard Quest Bio my other blogscopyrightAll words, images, pages and elements at this domain are ? 2001 by A.C. except where specifically delineated. World rights are granted for non-commercial use. Link to it, mail it, post it: Just tell me all about it! This site is financed by me.  Comments by: YACCS
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Monday, December 09, 2002
Richard's in the Holiday Mood JoAnne shares this dispatch from the 5/12/02 edition of BizNews. Regarding the consequence of UAL going into Chapter 11and the effect of price wars Toddther airlines, Richard commented: "That's the problem though, Todd. Once they're in Chapter 11, they're protected from their creditors. They can afford to have a price war. they can get their cost base down. It may be business as usual for them, but it's the other airlines that get 'nutcrackered.'" |