Originally Posted by drrhythm2

Who is "Chip?"

If he isn't the CEO, CFO, or a board member, I don't think his opinion matters for much. Again, our value wasn't in immediate profitability. Any executive with half a brain that knows how to read a balance sheet and a cash flow statement wouldn't have expected to short term profit from buying xjet. Did you read the article I posted last time? The long term value is in our contracts and economies of scale. When does Skywest report first quarter financials? Let's see what those say.

FYI, Xjet has been on a cost-cutting program for several years now, with noticeable results. We've been getting leaner, just look at the trends. Now, if the ASA half can just somehow work a decent contract from Delta in the next few years, we'll be in business.

If you have not read the news, it looks like Pinnacle just filed for Chapter 11, and were saved by a loan from Delta. The only reason I can think of for Delta to do this is to keep another competitor in the arena, and specifically one that (should they emerge successfully) will have used the bankruptcy process to become artificially more competitive, and thus have a cheap airline to threaten their other carriers with. We'll see what happens.