Originally Posted by
MatchPoint
A quick glance at XJT’s 10K’s shows that XJT hasn’t turned a profit since 2006 and regardless of how you spin XJT’s 2008 contract it was your Mgmt. team that agreed to the terms in an effort to stand alone. Jerry and friends saw an investment opportunity and CAL schooled the two parties. In the end SkyWest is paying for it, literally. Besides XJT’s slide began a long time ago in 2005 when CAL pulled 69 jets and ExpressJet attempted branded operations. I admit it was a bold attempt and ExpressJet’s branded operations had a good model and product but many reason lead to its downfall.
As for your crap pay comments, I love how those who don't understand business go straight to an extreme. This business model will not support the average pilot making $200K/yr., but will support a sold wage for a subcontractor not $20K on 25 days of work. Just remember you're a subcontractor providing fee that mainline want's for the cheapest price. If you can't provide it they will give the flying to someone else who's cheaper (GoJet). Don’t believe me? Go just ask for 20% pay raises and see what happens.
Have any pilot group "ask for an across the board 20% raise" and "see what happens"!