Candidly, Congressman,” Mr. Smisek concluded, “we are eking out a hand-to-mouth existence.” See C-Span Video Clip, Smisek to Congress, at Smisek to Congress - C-SPAN Video Library (beginning at 0:34). And for Continental, after the Delta-Northwest merger, it had to have a merger with United; there was no other option. See Darren Shannon, United Continental CEO is Person of the Year, Aviation Week, December.
Puleeze. He was fighting for his $14M not CAL's survival. What you expect him to say. He's a mouthpiece. The numbers speak for themselves.