LJDRVR
Well-known member
- Joined
- Nov 26, 2001
- Posts
- 1,134
THE SKY IS FALLING THE SKY IS FALLING!
WE, not CAL will decide which, if any airframes are returned. We are free to pursue other flying outside the CAL hub system. Not even Mesa or CHQ can make much if any money with an aging 37 or 45 seat jet. (For all practical purposes, the ER's are 45 seaters most of the time.)
This is just the opening salvo. CAL was able to use XJT as a money-laundering ATM during their recent concessions. (We accelerated our repayment of debt.) CAL is unofficially profitable beyond belief, due in large part to Express. (Look at their stock. Ours never went up. Why? THe street knew what whas going on, only the Flight Attendants didn't fall for it.) We may strike out on our own with those airframes, management may use this as a tool to solicit lower labor costs, (I'm voting NO) or almost 700 of our pilots will lose their jobs in a year from now. Time will tell what will happen, my guess is the other shoe has yet to drop drop. It'll be interesting to see what that might be.
In the meantime, just a reminder: Express Jet Holdings has the balance sheet to purchase UAL or DAL. Don't count us down and out yet.
WE, not CAL will decide which, if any airframes are returned. We are free to pursue other flying outside the CAL hub system. Not even Mesa or CHQ can make much if any money with an aging 37 or 45 seat jet. (For all practical purposes, the ER's are 45 seaters most of the time.)
This is just the opening salvo. CAL was able to use XJT as a money-laundering ATM during their recent concessions. (We accelerated our repayment of debt.) CAL is unofficially profitable beyond belief, due in large part to Express. (Look at their stock. Ours never went up. Why? THe street knew what whas going on, only the Flight Attendants didn't fall for it.) We may strike out on our own with those airframes, management may use this as a tool to solicit lower labor costs, (I'm voting NO) or almost 700 of our pilots will lose their jobs in a year from now. Time will tell what will happen, my guess is the other shoe has yet to drop drop. It'll be interesting to see what that might be.
In the meantime, just a reminder: Express Jet Holdings has the balance sheet to purchase UAL or DAL. Don't count us down and out yet.