Originally Posted by
No Lies
Inc is not losing money. XJT's IT dept, benefit dept, and others are all under the skywest part of the operation. Guess who is paying out of their pockets to pay those people.
You will not find an xjt ticker symbol, only skywest.
True, INC is profitable overall but the XJET operation is not. I have heard all these arguments of how INC is burdening you with corporate overhead and cost....
You can certainly manipulate the books to your liking but why would INC want to hurt a fundamentally healthy business - if it was fundamentally healthy? It is all left pocket - right pocket for them. It rolls up to one P&L eventually.
What would be the endgame? Shut down XJET an rehire an retrain people on the SKYW side - and spend Even more money?
Put the conspiracy theory aside.
XJET is in a tough spot and I don't think INC would be out to kill them if it was salvageable. The real tragedy here is that people are still mislead thinking it is a viable option.