Gland you're not a CFO. Losses can be carried forward.

 

It’s quite evident that United is moving towards Ch 11 in order to restructure under Kirby. 36,000 employees: 15,000 FAs, 2250 pilots. Those are massive numbers. Out of all the regionals XJT has the most top-heavy pilot group. It makes XJT very expensive to contract out to during a pandemic, especially with only 50 seat aircraft which Kirby has said on more than one occasion now he intends to eliminate. Let’s face it SK has a track record of shrinking every airline he’s been apart of.

 

I disagree about UAL. Kirby has been very clear that CH11 is not in the cards anytime soon. They have plenty of liquidity for now. The numbers are massive because the crisis is massive.

 

They may not plan on furloughing half initially Comoany-Wide, but the certainly will be close with the FAs. Nobody I know at UAL is as confident as you that they won't furlough 50% over the next 18-24 months depending on how this plays out.

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What about Air Wisconsin? Extremely top heavy and paid better. Inferior equipment, but that is easy to fix. Welcome them to the game of whipsaw flying aircraft owned by United, and operated by whoever survives Thunderdome.

RAH and SKW can lowball UAL and operate at a loss or breakeven, XJT is (in theory) owned by UAL so I can see preferring those carriers over XJT since UAL incurs costs when XJT loses money.

I don't think this is posturing to get Washington to pass another stimulus. They're serious about this, too much money involved. Just my opinion and that and $3 will buy you a cup of coffee assuming your local Starbucks is open.

XJT management needs to be more open and honest about what the options really are. Yes, they don't know what UAL is going to do. But in some meeting somewhere I believe they were told shutdown was on the table. That is the only explanation for the WARN notices for everyone.

 

with how much they are losing per day and their average annual profit even if it’s applied over the next 5 years it won’t make a difference.

 

it’s a lot harder to get out of a contract with a company you don’t own, albeit indirectly.

 

i still don’t understand why you still work for UEX/XJT since you hate UA so much. UA is a ways off from BK

 

Atta boy. We ain’t got time for no buuuulll****.

 

My opinion is that we never got over what the Jim Ream team did to us. They left us in such a weakened state, we never recovered. SKYW bought us and merged us with ASA (extremely poorly, I might add), and we've been a runt ever since. Even if COVID hadn't happened, we wouldn't have been able to recruit enough pilots without the 175. Mgmt competence matters. I think it's all over but the shouting. I hope I'm wrong, and I might be because I tend toward being an Eeyore.