Xjt stock trading lower than Mesa now?? what is the deal?!

[ApocketA's_145]

i see xjt stock closed at $.40 a share and mesa is at $.45. what is really goin on over at xjt? that is sort of an insult to be lower than mesa... is there a possible chapter 11 in the near future?

 

[Daytonaflyer]

Delta and ExpressJet cancelled their contract, probably gonna lead to about 400 layoffs if not worse. Plus Mesa posted a profit last quarter.

 

[dooork]

Delta and ExpressJet cancelled their contract, probably gonna lead to about 400 layoffs if not worse. Plus Mesa posted a profit last quarter.

And Freedom got back the MCO flying!

 

[JonnyKnoxville]

And Freedom got back the MCO flying!

For now!!!

 

[asayankee]

i see xjt stock closed at $.40 a share and mesa is at $.45. what is really goin on over at xjt? that is sort of an insult to be lower than mesa... is there a possible chapter 11 in the near future?

Serious cash flow and liquidity problems. Financially speaking, they are in very bad shape.

 

[MONKEY]

Mesa's market cap is $12.08 million.
Express Jet's market cap is $21.06 million.

Express jet is worth nearly double what Mesa is worth, but that's not saying much.

But, just to look on the bright side (if you work for Mesa), Mesa is worth 124,810,560 Mexican Pesos.

 

[JetMonkey]

Its still above Frontier's price. It closed today at .27c

 

[joeyfly55]

Its still above Frontier's price. It closed today at .27c

Thats not good.

 

[ParrotheadPilot]

Investors should be happy (meaning stock price should go up) that XJT nixed that contract. That means instead of losing money on 23 airplanes worth of flying, they'll be even since they won't lose, nor gain, any money.

Ever watch a stock price of big companies when they announce layoffs. Share prices generally jump at the first news because it's getting people off the payroll and therefore the company will be making more money. It's interesting

 

[ATRGuy]

The information on the sub-par contract that XJET signed with CAL is getting disseminated thru the ranks of the investors. While this contract added a level of stability to XJET's operation, it did it at the expense of profitability and sustainability. There is a thought in the ranks of the instutional investor that XJET will have no choice but to file bankruptcy in order to get their cost structure down low enough to just break even. There will be a large amount of layoffs in all work sectors. Any labor agreements will need to be abbrogated to get relief both in compenstaion and productivity. All in all it will be a very rough year for the rank and file at XJET. Essentially, this contract was signed, as bad as it is, because of the missteps of the current managment team. It finally came to a head and they had no choice and got this slammed down their throat. Hence, a stock that will soon be delisted and sent to the pink sheets and an imminent bankruptcy filing.

(3 posts maximum till a starry eyed XJT kool aid drinker tells me how full of sh*t this post is)

 

[XPOO]

nevets will be in here soon to set you all straight

 

[Texx]

And Freedom got back the MCO flying!

Wrong. They won a "temporary injunction". If you look at the schs and sch changes for DAL the only flying they are doing is 900 out of JFK. No MCO.

 

[JoeMerchant]

The information on the sub-par contract that XJET signed with CAL is getting disseminated thru the ranks of the investors. While this contract added a level of stability to XJET's operation, it did it at the expense of profitability and sustainability. There is a thought in the ranks of the instutional investor that XJET will have no choice but to file bankruptcy in order to get their cost structure down low enough to just break even. There will be a large amount of layoffs in all work sectors. Any labor agreements will need to be abbrogated to get relief both in compenstaion and productivity. All in all it will be a very rough year for the rank and file at XJET. Essentially, this contract was signed, as bad as it is, because of the missteps of the current managment team. It finally came to a head and they had no choice and got this slammed down their throat. Hence, a stock that will soon be delisted and sent to the pink sheets and an imminent bankruptcy filing.

(3 posts maximum till a starry eyed XJT kool aid drinker tells me how full of sh*t this post is)

Skywest deal doesn't look so bad now does it....?

 

[Future Furlough]

Skywest deal doesn't look so bad now does it....?

How do you figure?

 

[bmpilot2003]

How do you figure?

3.50 per share versus what it is now..45 cents!? Makes wonder though about Delta cutting flying and Jerry wanting to furlough, i think he new this cut in flying was coming.

Didn't Jerry want 700 furloughs? Looks like its going to get close to that with branded and Delta flying being cut.

 

[Future Furlough]

3.50 per share versus what it is now..45 cents!? Makes wonder though about Delta cutting flying and Jerry wanting to furlough, i think he new this cut in flying was coming.

Didn't Jerry want 700 furloughs? Looks like its going to get close to that with branded and Delta flying being cut.

Both situations smell like poo. http://forums.flightinfo.com/showthread.php?t=114391
The end result is the same. And everyone knew cuts in flying were coming. XJT's CPA with Delta ended the middle of next year anyway.

 

[MONKEY]

Mesa BK tomorrow?

http://finance.google.com/finance?client=ob&q=NASDAQ:MESA

 

[Soverytired]

And Freedom got back the MCO flying!

Yeah, I wouldn't hold my breath on that one.

One way or the other, Mesa's gonna get dumped by big-D.

 

[mack82]

Skywest deal doesn't look so bad now does it....?

Hmm... 205 a/c in service and 15 removed every month under Skywest or 190 a/c in service for CAL for 7 years.

The first would have been the absolute worst case scenario for all employees of XJT.

And yes, the threat of bankruptcy is there, but at least it'll happen on our own accord and not at the whim of the "efficient" workgroup at Skywest.

 

[Davi8r]

Optimistic view: Carl Icahn ousts Jerry Yang, who then becomes available to be XJT's lead negotiator in renewed talks with SKYW.