Originally Posted by
cybourg10
Management guys that came in during recurrent. We aren't making much, 1-2% margins which won't work in the long run. The plan is to re-fleet LXJT with new a/c for United (and others) that are purchased/leased by Inc and then we can get higher rates from United because of Inc's ability to finance new aircraft at low rates. LASA was still losing just a bit because of the new Delta rates. This was 9 months ago. This is why they want concessions now, to lock in lower labor rates for years before they start showing profits from the merger and before new aircraft come online.
You have to admit it wouldn't be very far fetched for a management guy to say this side or that side is losing money and we need to take a pay cut.
As I'm sure you know they report earnings for Inc., not SKYW/LASA/LXJT separately. That may be to their advantage.