Look at the balance sheet... ExpressJet is in REALY bad financial shape.

As of the last 10-Q we were only generating 64% of the revenue we need to break even. We just did a reverse 10:1 stock split, cash revenues are only 5%, there is $120M less cash on hand now than there was a year ago, our debt coverage is too low, we are leveraged 18:1, we have very little liquidity.

Through operational changes and cost savings we need to find that missing 36%, that translates into roughly $120M that we couldn't find in the last 12 months. Ditching the Branded and the Delta will help out a little bit, as will the pay cuts labor groups have taken, but we also have to realize that even though we aren't paying for Branded and Delta we are losing all the income that those operations gave us, CAL is also paying less now per airplane than they were last year... The point is it isn't going to be easy.

I could go on and on but the point is it's pretty bad, they need the savings.

Those are just the facts. My thoughts are they are going to get it weather we give it to them or not.