cybourg10
Well-known member
- Joined
- May 11, 2006
- Posts
- 481
Quarterly losses getting smaller and smaller?! 2nd Quarter 2010 XJT posts 18.6 million loss (compared to 13.1 2nd Quarter 2009) on higher than expected revenue. Keep that up and 100 mil cash will be gone real soon.
All you guys are asking is to honor your contract. All SKW is asking is drop the one list push, and the INTENT of your contract will be honored thru whipsaw and aircraft transfer protections. Saving your company from certain death doesnt hurt either.
We have more cash this year than we did a year ago, how does that happen if we are losing money every quarter? We have been cash flow positive on our operations over the past year. Certain death is not as certain and this internet CPA would have everyone believe.
Either way it does not matter. The intent of our scope was written for the situation if XJT was the acquiring carrier, that is where SKW probably has us by the b@lls. We will now work on whipsaw language going forward and get all furloughs back.