Beech2jet is at one end of the extreme and you are at the other. I can tell you that the XJT of today is not the XJT of 5 years ago. The only 2 quarters in history to lose money were the last two. The stock price is at a point that the risk of takeover is significant. I'd bet that if management doesn't find a way to go private from public, someone will buy XJT and I wouldn't want to be there when that happens. If XJT can get CAL to let them fly some of the jets for other carriers under a CPA, then XJT will be fine in the future. I know that Delta would probably throw more jets in the mix with XJT, but XJT is limited on what CAL will let them do. They have to fly the jets at risk for Delta or else they have to charge the same price to CAL that they do at Delta. I also don't think they can codeshare with the branded stuff due to restrictions from CAL. With that said, I'd go to XJT over most regionals. They have the best pay, retirement, vacation, work rules, and the relationship with pilots is great. You do have to admit that it is not the same XJT of years past, and that there are some significant risks of coming to work for XJT right now.

 

stock price doesnt determine if a company is a good candidate for a buy out. buy outs dont work like that. They need to offer a fair value (i think thats the wording used in the regulation) based on the companies balance sheet. We are valued more then our stock price and that hasnt changed much even with posting 2 quarters of loss. We shall see but i dont know if a buy out would be a bad thing. Sure they could sell off part of us or furlough if they wanted to but there are also regionals hiring street captains right now or with only 6 months seniority... If this ship tanks we can very easily find work and move onto a major in the next couple years. Sure it is less stable then republic or skywest but I really dont think this is a bad place to be.

 

This is part of the problem....this nonsense that we will be bought out because of the stock price. CAL will not let that happen. As the former parent company, they negotiated the option to buy back the company if an outside suitor attempted to buy us or merge...there's no way CAL would allow us to be purchased when the price is so low, CAL would make a profit buying us back at these prices...and XJT getting bought back buy CAL would fix the whole "stability" issue now wouldn't it? The more likely scenario is XJT buying back its own stock and going Privately Owned for a few years, then re-issuing Common Stock, again at a profit.

 

I'm not sure how you can equate 2 quarters of losses to mean the party is over here at XJT. If you are an employee here then I sincerely hope you listen to the voice mails. Any time you launch a new airline, especially in the current economic environment, you can't expect to make money hand over fist immediately.

Everyone likes to bash the branded flying but what were we supposed to do? Were we supposed to roll over and let CAL ream us with their proposed rates? Were we supposed to just hand the airplanes over to CHQ with a sh!t-toothed grin on our face and wish them the best while we turn around and furlough 700 pilots and allow our competition to nearly double the size of its fleet? Absolutely not. I'm glad we have a management that is smart enough and has the balls to slap away Mamma CAL's tit when she tries to give us sour milk. So y'all can say what you want about how stupid the branded flying is and keep ducking as the sky falls over here but I believe this company took the best course of action available to it at the time. And in the end, if this place is destined for the scrap pile of airline history, I would rather go down with our contract than eek by with someone else's.

Happy Thanksgiving everyone.

 

Of course he's serious. And don't call him Shirley.

 

A little rude don't you think? Where's the ignorance in his post? All he did was state that he loved the company and asks about it's future. Do I need to dig and show you how many people working there have stated they are a little worried about the place? You say he puts too much into the stock price and needs to look at the underlying financials. So after looking at the falling stock price AND the fact the company is reporting a loss is it then ignorant for him to ask these questions or ignorant for you to still believe there are no issues?

All I can say is... WOW. Losing money during some of the most profitable times in history could say there might already be tough times.

What do you call diving 300% in less than a year?
The only one that's delusional is the one who apparently skipped economics. I mean why would a bunch of people with WAY more experience and credientials have any validity??? Lets see who's really showing ignorance on the subject. Don't bash a guy for asking.

My god princess stop taking things so personal. People work where they want for their own reasons. Don't jump a guy because he's unsure about the place you work. Everyone here can say RAH sucks for this and that and not many of us would really care. We came here for our own reasons. Doesn't mean we aren't happy. If you're happy then more power to you scooter. No reason to get your panties in a wad because someone questions the places future. They aren't poking at you personally about anything, he's making a genuine inquiry. Comair, ASA, RAH, SKW, XJT, Air Whisky, Eagle, Pinnacle... They all have something in common. They all have issues. Big ones. Comair could be bought. ASA has to deal with SKW. Skw has no union and could be screwed any time. RAH has less FO pay coupled with no rigs, constant base changes, and crappy union council. XJT is losing money during a booming time, has stopped expansion, and some people there are questioning longivity of the current QOL. Air Whisky has long upgrades and a website about "doIhaveafuturehere.com". Eagle has long upgrades. Pinnacle is getting yanked by management and on the edge of striking...

The one thing everyone mentioned has in common is they all suck in some form or fashion. Another thing they all have in common is NONE of the above statements have anything to do with the pilot groups. People made a personal choice by going somewhere and when that place ends up not being perfect they take it as someone saying "YOU MADE A BAD CHOICE AND YOU'RE AN IDIOT" when that's not the case. Stop letting it get to you when someone says something about your company. It's almost sad seeing someone get so worked up over an honest inquiry.

See now there is someone who's honest with himself. Shows the good and the bad. XJT is a great place to work and no reason not to promote it but there's no reason to deny that there are issues at hand or degrade someone for bringing them up.
What's the phrase? "Pride before fall"? You'd rather go down, lose your job, and start all over as an FO somewhere else rather then shed a couple bucks an hour if needed, not wanted but actually needed... Once again WOW. I can't wait to see you run around and call someone else ignorant.

 

Majors are relatively risky. I can't remember the last regional that actually just shut the doors. Usually they get swallowed up by another company.

Majors on the other hand.... TWA, PanAm, Eastern, Braniff to name a few

 

Toilet, its not so much a "loss" its more of a "cost". Sounds silly, but we didnt just lose money, it when into something. Ever hear the expression, "costs money to make money"

Everyone is so quick to look at how much money we "lost", I mean Jesus if your going to go down, might as well go down in flames........ Have to try and make something of a bad situation not roll over to CAL, "of which in the past has been one of the most poorly run airlines" and to your comment of maybe we should just "take a few dollars less per hr and keep our job" maybe thats why our industry is in the shape that its in..............

One of the reasons I got involved in the union is because when contract time comes along, you can bet your "Ear-Muffs" that I will do everything in my power to get what we deserve..........

 

SAAB don't get me wrong I think it took a lot of balls to stand up to CAL the way XJT did and I couldn't be any more proud of a company for doing what they did. I'm not here bashing anyone I'm saying people ask questions and others take them as personal threats. Or appear to act as if they do. As far as taking a few dollars less per hour to keep a job. It's not something we want but if your company is going under then yes sometimes you have to do it. I was simply pointing at one individuals actual ignorance and irony in being the first to shout at someone else about it.

 

nah, I agree way to emotional sometimes..............