Will this company survive? I'm interested to hear who thinks yes and who thinks no. Let’s hear your arguments. Still waiting on an interview with both XJT and RAH, but I've been following this for a long time. I want to know if the old ExpressJet that everyone knew and loved can be salvaged. Of course no one knows for sure, but worse case scenario, would they still be around? The stock price is getting insane. Are we going to see under $2 soon? I hope not for their sake. ExpressJet has always been my favorite regional from both their contract and management history. I remember just a few years ago there was no better place to work. This industry can be deceiving, and it makes the decision tough.

 

Sounds like you've already decided the sky is falling over here at Express. Maybe you should just do yourself a favor and go to RAH and save yourself the anxiety. When I talk to friends around the industry, it amazes me how much better we are treated by the company and how much better our contract is vs. some others out there (RAH included). You guys put way too much emphasis on what the stock price is. You need to look at the underlying financial figures to determine how healthy a company is. Just looking at the stock price is like trying to determine someone's health my just taking their pulse.

Your post shows a significant amount of ignorance. I appreciate you seeking information but you should attempt to do so without prejudice and loaded questions. You ask if the "old ExpressJet" can still be salvaged. What makes you think it needs salvaging? You ask "worst case scenario, would they still be around?" If oil went to $150/barrel, terrorists blow up 15 airplanes simultaneously over the Pacific and a flu pandemic struck the human population then yes, XJT would have tough time, just like everyone else. If XJT did go down I am willing to bet there would be more than few carriers right there with us. The stock price is not "insane". In fact I can promise you that the stock price has never lost its mind nor could it due to the distinct lack of a mind. The stock price is a reflection of what analysts and institutional investors think of the value of a company. If you think you buying a couple thousand shares really has any influence then you are truly delusional. It was not that long ago that Continental Express (the forerunner of ExpressJet) was a PFT outfit with pay near the bottom for the aircraft type (our union was famous for running an ad stating that our pilots qualify for food stamps). You know Johnny O of Mesa fame, right? Also did a stint here at Continental Express. So I'm not sure what contract or management history you are referring to. I can only assume its the very recent past.

So if you do decide to come here, great. But do it with your eyes open. This is a great place to work with one of the best managements in the industry. But are upgrades still running at 2 years? No, we're not growing anymore. Is the company going through a monumental amount of change in the way we do business? Yes. Are there gonna be a few bumps and hiccups along the way? Absolutely. Are there unknowns and risks involved? You bet. Is there another company out there that could do what were doing as well as were doing it? Not a chance. Don't be one of the guys that gets here and then walks around spouting doom and gloom about how were all gonna be on the street this time next year. No one wants to hear it.

 

here we go again.......

 

Seriously! Guess its been a week...must be that time again

 

just think of a regional being a type of gambling in vegas and just go and find out if you get lucky or not. regionals are always iffy. just my 2 chips lol

 

VERY well put! Thank you for the reality check for all those thinking that stock price has anything to do with the real financial health of a company.

By the way, I'm constantly told by people (even at places such as RAH and SKW) that I made a good choice by coming to XJT. I stick by that.

 

Just think.............if you come to XJT and get based in EWR, you ever get in trouble, Ill be the man representing you haha. This place is great, the flying is great, the management is good, but it may change, for better or for worse, it wasnt too long ago when CAL flight crews were snickered at in the hotel vans, they were the laughing stock of the industry (probably why some of them have an inferiority complex) there not doing to bad now.................There was a time when COMAIR was hands down the place to be, not too much anymore, of no fault of their own. Colgan who runs a sloppy operation is growing like crazy, while we have airplanes taken away......... CHQ is doing well, but there pay rates aren't great on their 70 seat flying, and MESA is a disgrace to our industry, why pilots keep showing up to work there is beyond me. Eagle is Eagle, a good airline but nothing sadder then seeing a 40yr old 8 yr F/O............. This industry is too cyclical to know whats going to happen, I hear people bash guys who are going to NWA, why? I dunno? I think NWA is a great place to be, do they have an uphill battle? yes but why not be a part of that rebuilding of a once great airline. I would love to go to CAL, but everyday I see new F/Os there that I know of personally that shouldn't be anywhere near an airplane, but because they had their "Stuff walked in", they are in the C2 weather room plotting their course to some city in Europe. Not sure if I wanna work for an airline like that, sometimes I think SWA type of flying would best suit me, other times 2 legs in one day is 1 leg too many for me, things change! At this point I would say the most important decision is Corporate culture, contract and if they have a base where you live............

 

Major carriers are just as iffy if not more so, but you get paid more.

 

Surely you can't be serious.

 

Personally I think any airline could be a crap shoot.. you just never know. Had I told guys I know who went to DAL in 1990 that they would furlough thousands and go thru a bankruptcy they would have locked me up. I think XJT, RAH and SKW ( incl ASA ) seem to be trying set the bar in various areas of this business. Before anyone flames.... yes there are other equally good JET carriers.

As for the stock price.....while I agree with the above sentiments that stock price does not ALWAYS reflect the true financial status of a company...... it can certainly be a drag on the company.

and finally... instead of always cutting at each other wouldnt it be a novel idea of the JET/REGIONAL pilot groups out there showed a bit of support for each other so that we can all raise the bar......