ExpressJet reports third QTR earnings...

[Superpilot92]

I am Just saying to reduce costs if at all possible. Where did you see the CPA want to take a look at it also.

 

[Flechas]

I am Just saying to reduce costs if at all possible. Where did you see the CPA want to take a look at it also.

A captain I flew with a few months ago had a copy of it, so I spent a 4 day reading it.

 

[Flechas]

CAL should have to pay for Xjet's fuel... They price the product and they dictate where and when the airplanes are flown. XJET doesnt make a dime more or less if the airplane is completely full or if there is no one on it.

It's not a matter of should or should not, just a matter of a contract agreement. CAL could pay for it but then pay XJT less for their services. Or the other way around.

 

[BluDevAv8r]

A captain I flew with a few months ago had a copy of it, so I spent a 4 day reading it.

I highly doubt you or your captain had a copy of the CPA. It is a confidential corporate document that is not public in any way, shape, or form. What you most likely were reading was a public SEC filing like a 10K or 10Q that explains certain aspects of the CPA...but it isn't the actual CPA.

-Neal

 

[BluDevAv8r]

The rates were adjusted to reflect a new target operating margin of 10% (brought the cap down significantly) and that is the reason for the lower profit despite higher capacity and block hours. This was forecast and expected. Our fuel provision with CAL has not changed. However, it is in our best interests to tighten our fuel usage as much as possible obviously...as that is a cost passed through to CAL and will be looked it when other carriers are begging for CAL's business in the near future.

-Neal

 

[Flechas]

I highly doubt you or your captain had a copy of the CPA. It is a confidential corporate document that is not public in any way, shape, or form. What you most likely were reading was a public SEC filing like a 10K or 10Q that explains certain aspects of the CPA...but it isn't the actual CPA.

-Neal

I guess you are right, that was a while ago. But I think those aspects of the CPA are accurate.

However, it is in our best interests to tighten our fuel usage as much as possible obviously...as that is a cost passed through to CAL and will be looked it when other carriers are begging for CAL's business in the near future.

-Neal

Agree with you 100%, the way the fuel is billed doesn't make sense, so it is up to us to save them money. Although the dispatchers could help too.

 

[BluDevAv8r]

Agree with you 100%, the way the fuel is billed doesn't make sense, so it is up to us to save them money. Although the dispatchers could help too.

You will see things change in this arena over the next few months. Big time. The company will soon be putting out much better guidance on fuel usage.

-Neal

 

[Flechas]

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