Thread: ExpressJet
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Old 11-04-2016 | 07:30 PM
  #190  
No Lies
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Originally Posted by Hou757
Please show us where Skywest said that! They've actually stated the opposite quite frequently.
I am not going to go back and dig it up for you, but the latest Q3 call states:
Our objective in the fleet transition is to improve our profitability through the addition of new dual class aircraft, including the E175 aircraft, placed into service, while removing aircraft from service that have been operating under unprofitable or less profitable fixed-fee contracts.
It also states specifically about the 145's

The contract is scheduled to expire on an individual aircraft basis commencing in 2016. The final aircraft is scheduled to expire in 2017, subject to two one-year extension provisions
Sounds like they are getting parked as fast as possible. Notice that the number of A/C can't all be moved at once so there is the possible extensions until they are all moved out from under the XJT umbrella.

You should also note that the great news that was on the XJT website about the extensions does not sound as concrete as XJT management makes it sound. The SEC filings have to be truthful while the company employee propaganda can all be lies.

Just in case you want the link so you can read the thing yourself:

https://www.sec.gov/Archives/edgar/d...160930x10q.htm
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