Mon, Oct 17, 2011
Aero-News: Quote of the Day
ANN's Quote of the Day usually derives from current
news, though we reserve the right to pick quotes out of history
that have a bearing on the day's events and issues.
Sometimes, you'll find them timely and in keeping with the
content of the day's news... and sometimes, they'll just be
Reader suggestions and comments are welcome... and if
particularly intriguing, timely, or poignant, may themselves become
future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"APA’s rank-and-file members are not privy to
inside financial information. Our advisers have in fact indicated
that the airline does not face any immediate liquidity crisis and
possesses respectable cash reserves."
Source: The Allied Pilots Association, in
comments associated with a follow-up to a statement citing the
observation that American Airline's attrition rate was so
conspicuous that on October 3, APA felt the need to issue a news
release making clear that the pilots did not have any insider
information about an impending bankruptcy, but were likely reacting
to the general decline in the stock market.
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