Quest Quips

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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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.'"