Originally Posted by
JustAMushroom
Not picking a fight here, but Inc is profitable and your subsidiary is not. Taking cuts isn't "for nothing".
Up until this point the only answer I've heard is "we were profitable until SkyWest bought us and agreed to a crap CPA with UA". Maybe so. But this doesn't change the fact the business is loosing money! I guess they could renegotiate with UA. Or you could make a few efficiency changes (not pay cuts) and live to fight to the next CPA.
Lol. You're funny. How much does SkyWest charge ExpressJet for IT services? Payroll? Accounting? More than the market rate. They are conveniently moving money around to make us look unprofitable.
ExpressJet being 60% of Inc's operation and as unprofitable as they claim, yet Inc still raking in money doesn't pass the smell test. And the SEC should investigate it.