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Will ExpressJet survive this?

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Old 04-23-2020 | 06:11 PM
  #421  
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Originally Posted by DirkDiggler
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?
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Old 04-23-2020 | 06:14 PM
  #422  
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Originally Posted by Flydafe
dang triple digit downgrades? Do the displaced captains get to keep their pay at least?
lol, no


filler
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Old 04-23-2020 | 06:14 PM
  #423  
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Originally Posted by Flydafe
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.
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Old 04-23-2020 | 06:53 PM
  #424  
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Originally Posted by SeeYa
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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Old 04-23-2020 | 07:19 PM
  #425  
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Originally Posted by itsmytime
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.
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Old 04-23-2020 | 07:44 PM
  #426  
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Originally Posted by point80
I think that was sarcasm.. lmao
lol...I got it.
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Old 04-23-2020 | 09:34 PM
  #427  
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Originally Posted by itsmytime
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.
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Old 04-24-2020 | 02:04 AM
  #428  
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Originally Posted by StuckOnReserve
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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I never said XJET didn’t qualify. Do you work for CNN?
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Old 04-24-2020 | 03:10 AM
  #429  
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Originally Posted by StuckOnReserve
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?
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Old 04-24-2020 | 04:49 AM
  #430  
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I’m guessing the downgrades are due to the 175s leaving property?
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