Will ExpressJet survive this?
05-17-2020 | 08:39 AM
#611
Gets Weekends Off
Joined: Aug 2019
Posts: 147
Likes: 0
05-17-2020 | 08:48 AM
#612
Slam-Clicka
Joined: Dec 2019
Posts: 1,585
Likes: 94
load factor on a reduced schedule is just about meaningless when it comes to the airlines’ need for pilots. When you have a high load factor on an anorexic schedule, it DOES help the company reduce cash burn.....but they also don’t need very many pilots to make that happen. Dirk is right....TSA throughput gives you all the perspective you need to understand how big the problem is.
05-17-2020 | 09:14 AM
#613
Banned
Joined: Mar 2018
Posts: 1,358
Likes: 0
load factor on a reduced schedule is just about meaningless when it comes to the airlines’ need for pilots. When you have a high load factor on an anorexic schedule, it DOES help the company reduce cash burn.....but they also don’t need very many pilots to make that happen. Dirk is right....TSA throughput gives you all the perspective you need to understand how big the problem is.
05-17-2020 | 11:48 AM
#614
Line Holder
Joined: Oct 2019
Posts: 402
Likes: 0
From: Crew room attendant
Will ExpressJet survive this?
I forget the actual number they gave in the town hall the other day, but it wasn’t that great. We are running a 90% reduced schedule and can’t fill a plane. As states and cities slowly open, our loads will slowly increase as well. It was also mentioned that they are planning on using spare mainline aircraft to increase capacity as things start to recover. Not necessarily adding flights, just putting a bigger plane on the same schedule. The original forecast of demand being down 30% by year end is long gone. They are now predicting (hoping for) loads to only be down 30% by summer 2021. The casualties are going to be high on this downturn.
10/1 will be a bloodbath for most of the industry.
However I don’t give their forecasts any credibility. Mgmt is just throwing darts and making wild ass guesses. There hasn’t been an economic event like this before and they having nothing to go on. The forecasts are just worse case scenarios to tell the stock holders, and make some kind of long term plan.
Sent from my iPhone using Tapatalk
05-17-2020 | 12:08 PM
#615
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,167
Likes: 803
From: Engines Turn or People Swim
10/1 will be a bloodbath for most of the industry.
However I don’t give their forecasts any credibility. Mgmt is just throwing darts and making wild ass guesses. There hasn’t been an economic event like this before and they having nothing to go on. The forecasts are just worse case scenarios to tell the stock holders, and make some kind of long term plan.
However I don’t give their forecasts any credibility. Mgmt is just throwing darts and making wild ass guesses. There hasn’t been an economic event like this before and they having nothing to go on. The forecasts are just worse case scenarios to tell the stock holders, and make some kind of long term plan.
https://www.npr.org/2020/05/17/85714...eat-depression
05-17-2020 | 04:08 PM
#616
Line Holder
Joined: Jan 2019
Posts: 537
Likes: 42
Maybe I’m just “woke,” or some of you home
analysts know better. My question remains if a company like ours get approved for X amount of dollars to cover payroll. Regardless if it covers 75%. It has been set to cover the senior Captains that were displaced. Unless I missed something, this leaves more gov’t cash for payroll that should’ve went to those that were locked in, no?
analysts know better. My question remains if a company like ours get approved for X amount of dollars to cover payroll. Regardless if it covers 75%. It has been set to cover the senior Captains that were displaced. Unless I missed something, this leaves more gov’t cash for payroll that should’ve went to those that were locked in, no?
05-18-2020 | 03:08 AM
#617
Gets Weekends Off
Joined: Jul 2017
Posts: 4,083
Likes: 0
From: CRJ9 CA
05-18-2020 | 06:16 AM
#618
Line Holder
Joined: Oct 2019
Posts: 402
Likes: 0
From: Crew room attendant
Will ExpressJet survive this?
Maybe I’m just “woke,” or some of you home
analysts know better. My question remains if a company like ours get approved for X amount of dollars to cover payroll. Regardless if it covers 75%. It has been set to cover the senior Captains that were displaced. Unless I missed something, this leaves more gov’t cash for payroll that should’ve went to those that were locked in, no?
analysts know better. My question remains if a company like ours get approved for X amount of dollars to cover payroll. Regardless if it covers 75%. It has been set to cover the senior Captains that were displaced. Unless I missed something, this leaves more gov’t cash for payroll that should’ve went to those that were locked in, no?
CARES$ was enough to cover 75% of payroll for the entire company (pilots, FA’s, MX, Admin) May-September not just pilots. With the downgrades taking place there is probably more cash to cover a higher percentage of the whole company through 9/30.
CARES act only stated maintain employment levels through 9/30. There is open interpretation of what that meant. Since the White House is only concerned about unemployment stats, not underemployment stats the Treasury could probably care less if we we’re all downgraded to janitors, as long as we aren’t filing for unemployment.
Sent from my iPhone using Tapatalk
05-20-2020 | 04:37 AM
#619
Gets Weekends Off
Joined: Jan 2019
Posts: 531
Likes: 0
Why hasn't Expressjet offered early retirements or reduced pay leaves? Lots of folks getting their min guarantee and most of the reserve list has 0 credit for the month to date.
Is a lack of creative cost saving measures an indication that they're planning to fold?
I wonder what are likely precursors to the company sending an email saying they're closed at the end of he month, like TSA and Compass. XJT doesn't really have assets, right?
Is a lack of creative cost saving measures an indication that they're planning to fold?
I wonder what are likely precursors to the company sending an email saying they're closed at the end of he month, like TSA and Compass. XJT doesn't really have assets, right?
05-20-2020 | 04:52 AM
#620
Line Holder
Joined: Feb 2019
Posts: 91
Likes: 0
Why hasn't Expressjet offered early retirements or reduced pay leaves? Lots of folks getting their min guarantee and most of the reserve list has 0 credit for the month to date.
Is a lack of creative cost saving measures an indication that they're planning to fold?
I wonder what are likely precursors to the company sending an email saying they're closed at the end of he month, like TSA and Compass. XJT doesn't really have assets, right?
Is a lack of creative cost saving measures an indication that they're planning to fold?
I wonder what are likely precursors to the company sending an email saying they're closed at the end of he month, like TSA and Compass. XJT doesn't really have assets, right?
Thread
Thread Starter
Forum
Replies
Last Post
