Originally Posted by John Pennekamp

jsled, not necessarily doubting you, but the link you provided makes no mention of $3B in cash. Can you point me to a SEC filing or a press release that specifically states that? Your quote looks like some sort of internal memo... hardly a credible source.

And what do you think about the 11% interest rate. That's loan sharking compared to a typical loan rate. Add up the interest of $80 million at 11% compounded interest, then tell me with a straight face that SkyWest got hosed!!!?

As for XJT, I hear they are doing the flying at a loss. They want to stop the bleeding from all the parked planes. Flying them at a loss costs the company less than just keeping them parked.