Originally Posted by
Kellwolf
Apparently, getting a contract that put us in line with other DCI carriers like Skywest and ASA (or, well, I guess they're the same but with different contracts now?!?) broke the bank and sent us into bankruptcy. At that point, I'd say it's all mis-management. If you can't operate your business with the same costs as your competitor, you need to look in the mirror.....
It is because of all the training costs. Management screwed up allowing us to bid what ever aircraft we could hold as soon as the SLI was complete. This sent i think around 1/3 of the pilots into long term training. Then add in that we lost all of the US airway Saabs that created downgrades and displacements. This burned through the cash 9e had and created a cash flow problem. Then we lost all of colgans flying plus now the de-fence training for XJ pilots sending another large group of pilots to training. The training department is at max capacity so there are tons of pilots sitting at home doing nothing. If we can make it out of this 9e will be making a profit. The only question is does Delta want us. I hope that Spanjers is planning on looking for flying for other Majors so Delta does not have so much control over us.