What's the Latest at ASA/Expressjet?
#6241
Line Holder
Joined APC: Nov 2006
Posts: 44
The United ERJ CPA is a money loser, even SkyWest Airlines would lose money on it. Which is why they are going to do one of three things: wind down the XJT ERJ side as much as UAL will allow, Get UAL to redo the CPA for more money, or bankrupt the XJT side and get their concessions in Ch 11.
#6243
Gets Weekends Off
Joined APC: Sep 2011
Posts: 283
The United ERJ CPA is a money loser, even SkyWest Airlines would lose money on it. Which is why they are going to do one of three things: wind down the XJT ERJ side as much as UAL will allow, Get UAL to redo the CPA for more money, or bankrupt the XJT side and get their concessions in Ch 11.
Two things:
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
#6245
Gets Weekends Off
Joined APC: Jan 2006
Posts: 199
Two things:
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
SkyWest CAN CH11 bankrupt the XJT side (confirmed by our own union) which would probably increase the stock price since it would cut out the only money losing portion of Inc. If you are not in the top 1800 or so on the list I would be looking for a new job immediately.
#6246
Banned
Joined APC: Dec 2007
Position: EMB 145 CPT
Posts: 2,934
Quote:
Originally Posted by FDX8891
Two things:
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
I am very aware of the facts of the SKW buyout and CPA, I lived through it including the initial offer in 2008 that included 15% paycuts/PBS/and 700 furloughs.
SkyWest CAN CH11 bankrupt the XJT side (confirmed by our own union) which would probably increase the stock price since it would cut out the only money losing portion of Inc. If you are not in the top 1800 or so on the list I would be looking for a new job immediately.
Originally Posted by FDX8891
Two things:
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
I am very aware of the facts of the SKW buyout and CPA, I lived through it including the initial offer in 2008 that included 15% paycuts/PBS/and 700 furloughs.
SkyWest CAN CH11 bankrupt the XJT side (confirmed by our own union) which would probably increase the stock price since it would cut out the only money losing portion of Inc. If you are not in the top 1800 or so on the list I would be looking for a new job immediately.
#6247
Dumb Pilot
Joined APC: Apr 2013
Position: Broke
Posts: 784
Two things:
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
#6248
Gets Weekends Off
Joined APC: Mar 2012
Position: Gear Slinger
Posts: 709
It's really OK with them the way I see it. Internal whipsaw.
#6249
Gets Weekends Off
Joined APC: Apr 2014
Posts: 322
Two things:
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
One: SkyWest Inc. had a huge part in the money-losing CPAs you speak of...
Two: SkyWest Inc. cannot declare ExpressJet bankrupt. In order to do that, all of Inc. would have to go bankrupt. You really think they're gonna screw their shareholders over and tank their stock so they can get concessions out of us?
God, this sh*t spewed on here makes my head spin.
I guess I'm confused as to why Skywest had a huge part in the money-loosing CPA's? Why would they be a huge part in the loosing CPA and then still want to buy Expressjet? That just seems a little odd to me. Sounds like United got what they wanted out of the deal more than anyone. Let me see if I understand, Skywest made a bid for the flying because they are $30 million dollars cheaper to run which meant expressjet had to match the bid to get the contract. Since they matched the bid it made it a loosing money CPA on the expressjet side but a money maker of the Skywest side?
Why in the world is the expressjet contract $30 million more than Skywest? That seems like a very big difference in numbers? Do Skywest pilots get paid half as much? That just seems like a very big difference and either someone's contract is out of whack or someone is getting screwed? All in all the majors are getting what they want in the end, cheaper regional flying?
#6250
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,252
You have to remember it was a strategic move. You couldn't have a bankrupt airline out there competing with you, flying well below a normal CPA cost.. Long term I'm sure they got a good deal from UA. Short term they loss money but, keep one competition out of the works...
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