Originally Posted by
ghilis101
xjt is a very professional pilot group with a reasonable contract and a great relationship with their management. it is unfortunate that their branded flying is not doing well so far, and im not sure how they plan to turn that around, but everyone knew when they started that up that that there was a lot of risk involved. XJT produces an excellent product and did great for CAL, but CAL cut a lot of their flying for being more expensive than some other regionals. But its also been good for XJT because theyve been able to do some flying for some other airlines. Something is obviously going to have to happen soon in the future to turn the companys financial performance around, but i hope its not at the cost of concessions for the pilots.
Keep in mind that last quarter's loss had everything to do with the start-up costs of the branded side, and was expected by the company. This did unfortunately cause a loss of a lot of investor confidence, but hey, it was a risky move. Branded's load factors
are better than predicted at this point, though it might take a couple more quarters to show a profit for that side of the house.
Just trying to stay positive here, people. The stock price sucks, but it wasn't exactly unexpected after the start of branded.