With respect to your lack of knowledge (I know you guys at SKYW weren't privy to the inside baseball on what happened in 2008), SKYW Inc engineered XJT's losses 3 years prior to the current merger.

During SKYW's first attempt to buy XJT in 2008, SKW negotiated an inferior CPA with Continental in advance. When the 2008 acquisition broke off, XJT was strong-armed into the contract that SKW negotiated and forced to shut down the Branded/Delta operations, not because of losses, but because CAL wanted the E145XR's back in their system flying to Mexico. 3 months after the pull-down of Branded, the oil bubble burst and the operation would have been comfortably in the green, but CAL/SKYW had already won the Mexican stand-off.

The ship is not sinking, 3rd grade math can figure that out...over half Billion cash on hand ($646.51 Million). Enough for SGU to buy contracts for SKYW with $80 Mil loans to UAL. Enough for XJT to operate for 20 years losing $8 Mil/Quarter. Not that the reported losses are even remotely accurate, given we are in contract negotiations and every losing asset is being sold off to leverage the Balance Sheet. Sometime this year the operation will actually show a Quarterly profit (JMHO) to please the shareholders.

You guys are in for a surprise when Mgmt comes to you for concessions because the XJT operation is actually cheaper.