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Check out the XJT SEC filing 10-Q filed today. Pay to play is exactly what happened. XJT just did it with stock.
XJT 10-Q said:We anticipate that the definitive agreement with respect to the multiyear arrangement will include a grant to United of 2.7 million common stock warrants with an exercise price of $0.01 per share of common stock and that all related documents will be executed in the near future. Once executed, we will file a Current Report on Form 8-K with respect to the definitive agreement.
Didn't my friend up in St Cloud, MN say they could be coming up there? I think I did....... Maybe it is at risk flying vs pay for departure? The days of free profits for regionals may be over.... It is pure survival time....(just like the majors, imagine that??? Paying for your own fuel bill? Imagine that?)
Bye Bye--General Lee
The majors can't get a free lunch. If the majors want fee for departure, they assume the risks, since they dictate to the regional where and when they fly. In a code share, where the regional is exposed to the risks, the regional sets the schedule and fare....
So far the majors like to dictate the schedule and fares....and thats why they are on the hook for fuel.
Wow. Underbid Trans States. I am sure XJT's costs are quite a bit higher than Trans States, guess flying at some loss is better than chartering the planes around at a huge loss.
The majors can't get a free lunch. If the majors want fee for departure, they assume the risks, since they dictate to the regional where and when they fly. In a code share, where the regional is exposed to the risks, the regional sets the schedule and fare....
So far the majors like to dictate the schedule and fares....and thats why they are on the hook for fuel.