Originally Posted by
fosters
Yes that is true. I was discounting 9/11 and looking at when XJT went public since 2003. That was the time frame I was looking at. Remember XJT wasn't around for 9/11, so why compare where the other airlines were prior to 9/11? I'm talking a 3-5 year trend here..
You have to remember that CAL created a fake company in 2002. That company was, is, Express Jet. We were gaurenteed all kinds of profits, we were the only airline allowed to fly as CAL regional airline, and we didn't have to pay for gas. ExpressJet could never have a loss financially per the rules set up by CAL when we were IPO'd. So the stock could be sold for more than is possible now. After CAL made tons of money off of the sale of our stock ( which they funded there pilots pensions with ) they have slowly changed all of the rules which from when we were started. So obviously our stock is going to be down and I will imagine it will continue to go down, though it has roughly been the same for 3 years now give or take 2 dollars.
As a former Pan Am pilot told never buy airline stock it is all worhtless.