Originally Posted by
Nevets
ExpressJet was profitable up until day one of the branded operation, which was April 2, 2007. After they shut that down on September 2, 2008, they would have been profitable if it wasn't for Skywest low ball CPA offer as part of the buyout. And keep in mind that they were able to low ball it because they were planning on giving us 16% concessions in order to bring us to parity with average Skywest pilot compensation.
As for the Lorenzo reference, I can only guess that comes from inc management's propensity to whipsaw their own employees against each other, just as Lorenzo did. They are just smarter and better at doing it. It's not a comparison I would make but if you truly understood the other side if the operation, you would understand how that mentality is not unreasonable.