I've got financial reports all the way back to 2005 and not one ever made a profit. The branded flying never even came close.

 

Does the reports that you have show Branded, Charter and the CO CPA separate? Can you please post the 2008 year financials here please. I would love to see what you have.

 

Anyone know if a CR7 ATL guy will be awarded DFW CR7 first, or will a CR2 DFW guy have base rights to be awarded CR7 DFW first? I think the CRJ7 DFW will open before any system wide flying reduction occurs.

 

From the XJT 2008 10K

Branded Flying. We began Branded Flying on April 2, 2007 and ended operations September 2, 2008. In July 2008, we announced we would suspend flying under the ExpressJet brand and Delta Prorate agreement effective September 2008 due to record high fuel prices that made the Branded Flying operations impossible to sustain. We were not profitable in this operation in 2008 or 2007. Revenues from this flying were approximately 17% of our total operating revenue for 2008 and slightly less than 11% of our total operating revenue for 2007. Average load factor within this segment was 69.1% in 2008 versus 55.7% in 2007. In spite of seeing improvements in operations in 2008 over 2007, unprecedented high fuel costs continued to be the driving force in determining Branded Flying’s profitability and as such we chose to suspend the operations. We recognized $18 million in revenue as a result of the suspension of operations due to adjustments to our air traffic liability, frequent flier plan and certain termination payments.

https://www.sec.gov/Archives/edgar/d...ntofoperations

 

It's awarded based on seniority. There's a preliminary bid out right now with vacancies for that position. Shouldn't be a problem to hold if you currently hold ATL CR7. There are no base rights.


Sent from my iPhone using Tapatalk

 

Thanks for the quick response.
If your DFW2 when when they close that category can you exercise system wide seniority to hold something without a vacancy or you you only be able to go where a vacancy exists?

 

I'm not sure exactly without looking at the contract. However, on the premium art award, there's one pilot that was displaced from DFW to DTW. There are no vacancies shown for DTW on the position notice. This makes it appear that it would be up to company needs. So if you're not senior enough to hold DFW CR7, you'd be moved to the next location that they needed you that is on your bid list.


Sent from my iPhone using Tapatalk

 

You've got the wrong company's financial reports then. Here is the 1qtr 10Q from 2007, the last quarter before branded began operations. Net income of around $10M.
https://www.sec.gov/Archives/edgar/d...t10q033107.htm

And I never said branded made money. Only that once branded was shut down, the CAL CPA was unprofitable because of Skywest and so despite getting rid of branded, xjt was still losing money. Here is the first 10Q from after branded ceased operations. It shows a loss of about $11M.
https://www.sec.gov/Archives/edgar/d...33109final.htm

That's a difference of $21M per quarter just from the CPA that Skywest negotiated.

 

The way I read it, is that it's system wide. So say there isn't a vacancy, you displace the most junior pilot where your next bid is for. Then they go to where their bid preference is and so on.

 

Thanks for that.