Airline Pilot Central Forums - Will ExpressJet survive this?

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- - Will ExpressJet survive this? (https://www.airlinepilotforums.com/expressjet/128757-will-expressjet-survive.html)

Quote:

Originally Posted by DirkDiggler (Post 3039429)

As per the latest MEC chair's email, triple digit downgrades, CARES act covering 75% of payroll and 50% of operating expenses. More than I would have thought so that's some good news. Time to apply for the weekend stock boy position at Costco. Definitely rough times ahead.

dang triple digit downgrades? Do the displaced captains get to keep their pay at least?

Quote:

Originally Posted by Flydafe (Post 3039575)

dang triple digit downgrades? Do the displaced captains get to keep their pay at least?

lol, no

filler

Quote:

Originally Posted by Flydafe (Post 3039575)

dang triple digit downgrades? Do the displaced captains get to keep their pay at least?

I'm pretty sure the whole point of downgrading is to save cash so I'd say no.

Quote:

Originally Posted by SeeYa (Post 3039517)

that’s not really what they said

they were referencing the WAR message that said the company is still working with the Treasury

I guess I should rear those. I ignore those like the perk spot emails.

Still there is difference between “working with” and “not qualified”

Melit was deadset that XJT didn’t qualify.

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Quote:

Originally Posted by itsmytime (Post 3039567)

unless they get rid of their investment in them, if United survives, xjet survives.

I wouldn’t go buy that new house just yet. United is considering getting rid of the 756 fleet immediately after investing millions in cabin upgrades. XJT is in the same boat. The money previously spent on aircraft refurbishments and XJT is water under the bridge at this point. If it makes financial sense to keep the 756 or XJT, they will, if it doesn’t make sense moving forward, they’ll just write it off. As another poster mentioned, the money spent on XJT in the past is just a drop in the bucket compared to the money going out the door now. The focus is what will cost less moving forward, not what was spent in the past. XJT may very well be all that’s left of 50 seat flying, or it could follow in the footsteps of Trans States. Everything depends on how long this bottom last, how fast the recovery is, and what the final meaning of “significant reduction” or “mostly a thing of the past” regarding 50 seat flying turns out to be. United is in survival mode right now. Don’t think that any regional is their golden child due to a previous investment. The survival of United does not guarantee that of XJT.

Quote:

Originally Posted by point80 (Post 3038973)

I think that was sarcasm.. lmao

lol...I got it.

Quote:

Originally Posted by itsmytime (Post 3039567)

unless they get rid of their investment in them, if United survives, xjet survives.

That's definitely not the case, anything goes at this point. This is obviously unprecedented.

Quote:

Originally Posted by StuckOnReserve (Post 3039603)

I never said XJET didn’t qualify. Do you work for CNN?

Quote:

Originally Posted by StuckOnReserve (Post 3039455)

According to the union XJT did.

You seem surprised the world isn’t what you said it was.

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It’s a yes or no question. What does your CEO say about it?

I’m guessing the downgrades are due to the 175s leaving property?