CARES Act End Run
05-11-2020 | 12:12 PM
#151
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Joined: Apr 2020
Posts: 28
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All this talk about whether XJT mgmt. is doing or will do the "right thing" if they get CARES money...…….. I don't really care, quite frankly. I just want XJT to survive! Please, just do whatever it takes to survive and live to fight another day.
If there's a big furlough, but XJT survives, then we (jr FO's in my case) have a decent chance of someday come back to flying jets. If XJT fails, then we are in this huge group of out of work pilots (including all the senior XJT people), the vast majority of whom have more time/experience, competing for very few openings, starting over at the bottom of some list if we are very lucky.
If there's a big furlough, but XJT survives, then we (jr FO's in my case) have a decent chance of someday come back to flying jets. If XJT fails, then we are in this huge group of out of work pilots (including all the senior XJT people), the vast majority of whom have more time/experience, competing for very few openings, starting over at the bottom of some list if we are very lucky.
05-11-2020 | 12:42 PM
#152
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Joined: Apr 2020
Posts: 29
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The problem with your position is that ExpressJet's survival is tied directly to what United's ultimate decision is regarding 50 seat flying and who it gets awarded that flying on the other end of this. It doesn't matter how healthy your company is if you're a sub-contractor and the prime contractor decides to use someone else. On the other hand, if United decides to throw you guys a bone, or throws out several bones to keep the whipsaw alive, they will do whatever they need to keep you around. In other words, you serve at the pleasure of your master (United) and have very little control over your destiny. I wouldn't be surprised if the decision hasn't already been made with regard to your fate. One thing is almost certain: you won't know it until the very last minute.
05-11-2020 | 03:51 PM
#153
Gets Weekends Off
Joined: Sep 2017
Posts: 101
Likes: 0
From: Whole lotta sitting
The problem with your position is that ExpressJet's survival is tied directly to what United's ultimate decision is regarding 50 seat flying and who it gets awarded that flying on the other end of this. It doesn't matter how healthy your company is if you're a sub-contractor and the prime contractor decides to use someone else. On the other hand, if United decides to throw you guys a bone, or throws out several bones to keep the whipsaw alive, they will do whatever they need to keep you around. In other words, you serve at the pleasure of your master (United) and have very little control over your destiny. I wouldn't be surprised if the decision hasn't already been made with regard to your fate. One thing is almost certain: you won't know it until the very last minute.
05-11-2020 | 06:02 PM
#154
Gets Weekends Off
Joined: Nov 2016
Posts: 133
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That could be true. It could also be true that mgmt is leveling with us, and UA is watching our response (and the responses of other UAX carriers) closely to determine who continues being a partner. One thing is sure, if we cannot even survive until that decision point, then for sure there is no future for us. So given all that, I think the company's short-term performance is very much relevant.
What are they watching for? To see who jumps 1st or who jumps higher?
Gauging short term performance? What's the metric for that? It should be pretty easy to operate at 10% capacity, right?
Regarding the decision point, I think it's likely that we've already reached that point. While they'd like to keep it a secret, it will eventually slip out unintentionally. Just like it slipped out when Delta decided to cancel the CPA with XJT. Or when big Ed slipped up and told an audience at an investor meeting that they would be going down to 3 regional partners. Who knows, the slip up could have been the Skywest call last week.
05-11-2020 | 06:07 PM
#155
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Joined: Nov 2016
Posts: 133
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Assuming for a minute that the decision is already made, do you think United will let whoever they choose just go down the tubes? I don't think they care about anything other than who provides the cheapest product at the lowest acceptable performance level.
05-11-2020 | 07:36 PM
#156
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Joined: Apr 2020
Posts: 29
Likes: 0
Regarding the decision point, I think it's likely that we've already reached that point. While they'd like to keep it a secret, it will eventually slip out unintentionally. Just like it slipped out when Delta decided to cancel the CPA with XJT. Or when big Ed slipped up and told an audience at an investor meeting that they would be going down to 3 regional partners. Who knows, the slip up could have been the Skywest call last week.
05-11-2020 | 10:21 PM
#157
Gets Weekends Off
Joined: Sep 2011
Posts: 707
Likes: 0
From: lav dumper
If demand stays where it's at, down 90%, there will be bankruptcies and all bets are off. The next few years could be like something we've never seen before. Time to sharpen those second set of skills. People are petrified to get locked in an aluminum germ tube for hours on end.
05-12-2020 | 06:30 AM
#159
Gets Weekends Off
Joined: Nov 2005
Posts: 243
Likes: 0
If demand stays where it's at, down 90%, there will be bankruptcies and all bets are off. The next few years could be like something we've never seen before. Time to sharpen those second set of skills. People are petrified to get locked in an aluminum germ tube for hours on end.
).
05-12-2020 | 07:10 AM
#160
Gets Weekends Off
Joined: Sep 2011
Posts: 707
Likes: 0
From: lav dumper
The funds are there, with this additional unemployment stimulus from federal of $600/week on top of state funds, some people are actually making more than they did at their normal job. In one of my businesses which is mandated closed, my employees don’t want to come back to work because they are making more money sitting at home. It’s bonkers. The illegals and people who worked off the books or for cash tips and didn’t claim tips as income are being hit the hardest for sure.
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