Originally Posted by
maveric311
my spelling is bad... ;-) but its sub $2.50 a share. Xjet is, from the outside looking in, a much better company than $2.50 a share. I am currious about one thing though. with all the doom and gloomers out there saying that 50 seat jets are done flying with $90.00/barrel oil, Why is everyone pumped on Xjet? isnt a majority of the xjet fleet fall into this very same category? (emb-135,40's, and 45's) I gues the XR's fit a few more but honestly whats so different, SAAB? Labor groups aside, I dont see many differences between Xjet and other regionals supposedly "in trouble." Again, I'm a newbie who cant spell, so just an honest question, bud. I'm not trying to start a "flame fest".
There is nothing bigger at XJET than 50 seaters. XJET for the last 3 years has had good work rules and a good relationship with management. They also have some of the best pay in the regional market. But with just about every other regional getting into the 70 seat market, its frustrating to watch others get awarded flying contract after flying contract, and still maintain confidence in our management team and their overall plan. The Delta contract will be up in about 1.5 years, and no one knows what will happen with the CAL flying. Will we keep it, or will they pull another 25% of our fleet (52 airplanes) from the CPA?