XJT Financials
04-29-2018, 06:29 PM
#1
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Joined APC: Apr 2018
Posts: 40
XJT Financials
XJT posting ZERO profits may equal no bump in contract negotiations. We just signed a five year deal, and still no profits? Who wants to work for an airline that has no extra money to share with its employees? 
04-29-2018, 10:02 PM
#3
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Joined APC: Sep 2011
Position: lav dumper
Posts: 707
It's all a numbers game. You have to wonder what that 3.5 million other income line item is on their earnings release. They wouldn't elaborate on it during the earnings call. They could very well charge XJT $10k a day for an office chair and it be completely legit. Guarantee XJT will show a profit the second a TA gets passed. Classic management games and only common business sense.
04-30-2018, 07:08 AM
#6
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Joined APC: May 2014
Posts: 1,681
It’s sad, but this is how it works.
As a subsidiary, you are very vulnerable.
Accountants can make the numbers do what they want-and they are gonna make the numbers look good for inc. whatever that takes.
Look what happened to ASA. That tells you all you ever need to know about your parent company and the way they choose to do business.
As a subsidiary, you are very vulnerable.
Accountants can make the numbers do what they want-and they are gonna make the numbers look good for inc. whatever that takes.
Look what happened to ASA. That tells you all you ever need to know about your parent company and the way they choose to do business.
04-30-2018, 07:40 AM
#8
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Originally Posted by afterburn81
Inc is conveniently profitable. And what a surprise, they share those very easily earned profits with their non-union folks.
04-30-2018, 08:23 AM
#9
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Joined APC: Sep 2011
Position: lav dumper
Posts: 707
Originally Posted by WesternSkies
You guys have been making so much money that they’ve been returning airplanes to mainline and lessors for years.
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