Originally Posted by
tpersuit
As for financial trouble, we are fine. Most of our business is profitable and our March load factor for our Branded flying was 73%, which we either broke even or made a profit. According to our SEC filing we are currently hedged at $2.40/gallon for 70% of our fuel in 2008, on our Branded side, where we pay for our own fuel. I'm not really worried at all.
Are you saying that the branded operation broke even for March? If so, I'm curious as to how you determined this. The March traffic release does not include yield information, making it impossible to determine the financial performance of the branded operation.
I have friends at ExpressJet and sincerely hope for the best for them, but I have difficulty sharing your optimism about XEs future. It's impossible to put great significance on the latest load factors without knowing if yields improved or not, and I'm very concerned about what will happen should a significant amount of convertible note holders decide to cash out this August.