It's not just my assessment. It's the assessment of those from Wall Street to CNN money to the large investment groups that own sizable amounts of the company. BOD isn't the end all. Once again the shareholders are. Take a look at what's happened with Yahoo!. If the stock dives enough, which it has, no one is safe. Call your CEO and tell him that. He seems to agree and has stated many times over that he hasn't gotten along with CAL.

Wrong type of growth, hence why i disregarded it. Financially speaking shareholders could care less how much more of the product a company is offering if it offers no return on investment. Not trying to be rude but that's an exact example of a mistake of his. Analyst disagree all over from the Boyd group to those in the finance sector. Once again you're looking at "growth" from the physical/pilot standpoint. Investors, who own the company, could care less how many airframes or employees have. They want profit. They didn't want CAL to pull the 69 planes but they hated the idea of branded. Once again read letter on the link. XJT should have given the planes back, stayed profitable, AND restructured to negotiate a new deal with CAL. If they got any of the planes back then they could rehire. They gave up a sure thing.

There's nothing naive about it. There's a reason the CEO has to give a quarterly report. There's a reason he has to answer to the shareholders and that's because he works for them. He's just management and management only. Selected by the owners. Economics don't care who you are. It's like lightning and finds the easiest course. I know exactly what your management promised it would do. The same thing all managements promise. To make money. They haven't. They're hemorrhaging it and it's purely because of the decisions they've made. They went branded and shouldn't have. There's no argument that can be made against that as history has 20/20 vision. They took a gamble and it didn't pay off. Had they given the planes to CAL the company would have never posted a loss. They would have continued to gain value.

Yes people would have been let go but how is that different from now? The only difference is there's a little mud on the face, the investors are upset, CAL wants to work with XJT even less, and their cash is being depleted very quickly. If XJT had followed CALs "orders" they could be sitting where SKYW is currently, buying a regional for their contracts thus leading the way to new expansion. I'm not trying to upset you or anyone else but it's time a few people get real and understand that the "naive mentality of an investor" is the ONLY one that matters. They own the company and what they say goes. Any person in power, ie Ream, is only there by the vote of the investors and there's nothing that can keep them from pulling him out tomorrow(figure of speech I know it takes a little time). It's like establishing a government except with no employment guarantees.

There's a reason we always say things like "I just fly them" when we talk about companies. We aren't part of management and are basically just a number. We have no dog in the fights regardless which is why no one should take ill to anything be said. We're talking management level mistakes, not pilot, that are ruining the company financially. There's nothing personal here unless you are in fact Jim Ream.