Also Carl-
"If Northwest were to buy Delta, that would put Continental in a very bad position because of the size of the new company. The larger your network, the less vulnerable you are to incursions into your marketplace," Bethune said.
Well Carl, DAL bought NWA and as I eluded to before, these ceo's have a vested interest in their airline, not DAL and NWA. They will say whatever to put this deal in a negative light. Run the stock down with comments about the "risks". There are always risks, but with risks come rewards and this is a powerful combination.
Here is another such quote:
"But some rivals are skeptical that Delta's aggressive international expansion will work. Among the critics: Continental President Jeff Smisek, who panned Delta's global ambitions at a Bear Stearns Companies Inc. (BSC ) conference last May. "They are throwing a lot of capacity into the market. I predict they will lose their shirts on it," he told the gathered investors."
Source: http://www.businessweek.com/magazine...tm?chan=search
source: http://www.thedeal.com/dealscape/200...comment_on.php
The statement was made by Jeff Smisek of Continental Airlines while DAL was investing heavily in international expansion.
Here is what you stated:
"My CAL friends disagree with you completely. They all say Bethune WAS a genius. I'm sure he had other talented folks on his team, but he did a remarkable job after Lorenzo's disastrous tenure."
Really Carl, how smart was that statement, don't expand, DAL will lose their shirts! Well Carl, DAL did not lose their shirts and have been very successful.
So lets listen to these smart men and do what they say............