JumpersAway
Cruise Bores Me.......
- Joined
- Nov 5, 2007
- Posts
- 1,222
XJet has been losing money. Jerry didn't buy a losing proposition. He bought a company that he can turn around by combining operations, and firing a lot of management that makes more than their comparative position at ASA.
Since Delta "helped us out" by readjusting what they pay us per block hour flown, we are losing money also. The idea is exactly as stated above- grab an airline and it's revenue stream, but without the cost of it's management and operational structure. Roll both airlines into one nice package, and we should be profitable again. This is the reason behind the push for speed of aquisition.