FYI: XJT Loses Money

[Whiskerbizkit]

Most majors are slowly doing away with 50 seat rjs so dont see the attraction. Plus Express doesn't own their airplanes, CAL leases them and sub-leases them to XJT so if they are bought, what are they getting?

 

[Superpilot92]

Most majors are slowly doing away with 50 seat rjs so dont see the attraction. Plus Express doesn't own their airplanes, CAL leases them and sub-leases them to XJT so if they are bought, what are they getting?

If we were bough hypothetically speaking by a Major, (which i don't think would happen, it would be an investment firm IMHO) 1. We wouldn't be merged with the major. 2. Where ever XJT goes so do the leases as long as we make the payments. Just because CAL sub leases the planes to us doesn't mean jack. For instance, We are flying those planes for Delta now. Pretty much no airline these days owns newer aircraft. They own the leases. Also you don't see the attraction but CAL does, Delta Does and wants more, oh and pay attention because another company wants them also (My guess is UAL).

 

[dojetdriver]

HA! I heard that one at IDE.

But, it sure was one hel of a ride!

As an I-Air/ACA refugee my self, I can tell you that some things are similar at XJET and it creeps me out. And I'm not a kool-aid drinker.

However, some things are COMPLETELY different than I-AIR. I recently flew 5 legs on the branded side, every flight was 80% full, or more. I don't know what they are charging for seats, but I know it's not the 29.99 fares that I-Air was trying, with a connection in IAD. Also, if you remove the arbitration, the loss isn't THAT bad, and was expected. At I-Air, we were bleeding what, 1 million a day I seem to remember?

And I agree, I-Air was a good ride.

 

[homerjdispatch]

Yeah, there's probably no firm out there who has a lot of cash to spend....there's probably nobody interested in a company with almost no debt, 300 mil in cash, and a asset valuation around $20/share that is trading for $5. You're probably right.

SKYW? Hmmmmmm

 

[Scrapdog]

And your point of posting this was.....?

Well, I didn't know you needed a "point" to post. However, my point was to inform folks of what was going on in the current regional marketplace. As folks get on here and look for data points on which airlines to apply for, etc...nuggets like this can clue them in on whether they want to go down that avenue or not. I guess we'll have to ask the last 10 to 20 posters who posted profits/loses from various other airlines in the past what their "point" was as well.

 

[Scrapdog]

Look at it this way, at least we aren't stuck at CAL like you are. hehehe

Or are you trying to get on at UPS? If so, hopefully they will call and you can join all your squadron buds. ;-)

No squadron buds at UPS babe. However I've got them at FDX, SWA, JB, DAL, UAL, AA, and US Air. You interested? I'll tell them to put you right at the top - your attitude is exactly what the majors are looking for!

 

[Superpilot92]

Well, I didn't know you needed a "point" to post. However, my point was to inform folks of what was going on in the current regional marketplace. As folks get on here and look for data points on which airlines to apply for, etc...nuggets like this can clue them in on whether they want to go down that avenue or not. I guess we'll have to ask the last 10 to 20 posters who posted profits/loses from various other airlines in the past what their "point" was as well.

Just out of curiosity, what experience do you have in the regional marketplace to be offering up "Advice"? Just curious. I heard mesa made money in the past i guess by your logic we should have all applied to Mesa.

 

[dojetdriver]

Well, I didn't know you needed a "point" to post. However, my point was to inform folks of what was going on in the current regional marketplace. As folks get on here and look for data points on which airlines to apply for, etc...nuggets like this can clue them in on whether they want to go down that avenue or not. I guess we'll have to ask the last 10 to 20 posters who posted profits/loses from various other airlines in the past what their "point" was as well.

Um....well....ok....whatever.

But what do you think this information will do? Do you think that because XJT lost money because of the start up costs associated with the branded flying, as well as the arbitration that it's curtains for Express? Guys should pull their apps and not show up for class simply because a loss was posted in a quarter where it was expected? Granted, the loss was bigger than anticipated due to the ruling, but it hardly means that ExpressJet is going to fall off the face of the planet and discourage guys from applying.

If you were to read here, would it have changed where you applied to?

http://www.usatoday.com/travel/news/2006-01-18-cal-earn-ap_x.htm

http://www.thestreet.com/stocks/transportation/10261970.html

http://www.dallasnews.com/sharedcontent/APStories/stories/D8H3PPGOC.html

 

[Captain Overs]

Most majors are slowly doing away with 50 seat rjs so dont see the attraction. Plus Express doesn't own their airplanes, CAL leases them and sub-leases them to XJT so if they are bought, what are they getting?

XJT has the rights to those airplanes. That's the reason CAL couldn't take them back when they announced pulling them out of service.

 

[Captain Overs]

Just out of curiosity, what experience do you have in the regional marketplace to be offering up "Advice"? Just curious. I heard mesa made money in the past i guess by your logic we should have all applied to Mesa.

CAL Bankruptcy 3

XJT Bankruptcy 0

I think we have awhile to worry about not existing.

 

[Superpilot92]

CAL Bankruptcy 3

XJT Bankruptcy 0

I think we have awhile to worry about not existing.

I agree that was the point of my post. your 100% correct.

 

[trip]

Yep, we can all look forward to more low-ball bidding and "we can do it at cost-" contracts as xjet scrambles to stop the hemorrhaging. Welcome aboard lowest bidder airlines!

 

[Scrapdog]

I agree that was the point of my post. your 100% correct.

Alright, I'll clarify myself one more time and then I'll let it be. If you need to further flame me or chuck spears, by all means go ahead.

I strictly posted this as FACTUAL data I got from a factual source about the current situation at XJT. I have no feelings either way towards them - I've never worked for them nor will I ever. I simply posted what is going on with their revenues. While I see your emotions of animosity, envy, or whatever it may be are getting the best of you and are aimed toward me, I simply stated in my first post the actual facts with absolutely no commentary or opinion from myself - nothing more, nothing less. People have posted numerous times on here airlines' current state in the industry - whether it be good or bad...and I was doing no different.

I know in the past people like CaptainOvers and Pocono Pilot have thrown numerous, unsolicited jabs towards CAL with no reasoning. I don't care about them, in all honesty I think they're way amatuer and extremely sophmoric. I'm content at CAL - and if they're content (along with yourself at XJT) by all means keep on working there.

This post was strictly a factual representation of the current standings at XJT. You can choose to deal with it in whichever manner you see fit.

I'm done here.

 

[Pocono Pilot]

I don't care about them, in all honesty I think they're way amatuer and extremely sophmoric.

Are you sure you are a fighter pilot? Or a man for that matter?

I've never heard something sounding as gay as that coming from any of the men in my life. LOL

 

[dojetdriver]

Are you sure you are a fighter pilot? Or a man for that matter?

I've never heard something sounding as gay as that coming from any of the men in my life. LOL

How many men do you have in your life?