Express Jet for sale.
 

ExpressJet Leads Airline-Stock Gains As Investors Hope for Acquisition by SkyWest; Oil Drops

NEW YORK (AP) -- ExpressJet Holdings Inc. led airline stock gains Monday as investors hoped that industry consolidation talks would include a deal between the Houston carrier and larger competitor SkyWest Inc.
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http://ad.doubleclick.net/ad/N5043.y...1554006354965?if(window.yzq_d==null)window.yzq_d=new Object();window.yzq_d['M8utAdhtfFo-']='&U=13be1034d%2fN%3dM8utAdhtfFo-%2fC%3d626899.11742544.12469774.1383221%2fD%3dLREC %2fB%3d5133107';http://us.bc.yahoo.com/b?P=Ur0rZNhtf...%2fB%3d5133107ExpressJet shares rose 34 cents, or 14.8 percent, to $2.64 in morning trading. SkyWest investors were less enthusiastic about a potential deal, sending its stock down 31 cents to $24.70.
Hayman Advisors LP, which owns a 6.25 percent stake in ExpressJet, advised the company last week to abandon its ramp-up of branded-flying operations, sell non-core assets and look for potential merger or acquisition deals with competitors like SkyWest or Republic Airways Holdings Inc. The investment firm reported its suggestions in a Securities and Exchange Commission filing on Friday.
Media reports said SkyWest Chief Financial Officer Brad Rich responded to the letter by saying Skywest is open to acquiring smaller carriers like ExpressJet. Representatives from SkyWest and ExpressJet could not be immediately reached for comment.
Other airline stocks rose as light, sweet crude for March delivery lost 96 cents to $89.75 a barrel on the New York Mercantile Exchange. The Amex Airline Index rose 1.7 percent to 33.70. Fuel is one of the airline industry's highest costs.
UAL Corp. shares rose after Soleil Securities analyst James Higgins lifted its stock rating to "Buy" from "Hold" in a note Monday, saying its labor problems have diminished. UAL accomodated pilot-union demands by altering some schedules and improving work rules for narrow-body jet pilots.
"More work needs to be done," Higgins wrote, "but we are satisfied for now that labor issues will not disrupt the earnings outlook."
UAL shares rose 70 cents, or 2 percent, to $35.57 in morning trading.
Other gains were posted by AirTran Holdings Inc., which rose 31 cents, or 3.9 percent, to $8.32; Alaska Air Group Inc., which rose 71 cents, or 3.1 percent, to $23.31; US Airways Group Inc., which rose 31 cents, or 2.5 percent, to $12.60; and Continental, which rose 43 cents to $26.18.

I really liked that part

You might wanna stop bad mouthing your potential employers. RAH won't buy you though so better hope SKW come bail you out!

This is all the numbnut fund owners like Hayman Advisors wanted. They bought a bunch of stock, spread rumors of a possible merger or their desire for a merger, really someone just belches the word merger and then they wait for the stock to rise and then they sell sell sell.

XJT is smaller than SKW Inc.

Or do you have over 4300 pilots and almost 450 a/c?

No body needs "bailing out". TWO quarters of losses. Thats it. And on pace to make a profit Q1 or Q2 of 2008. Give me a friggin break. You gotta spend money to make money, thats all it is. If they would market the branded a bit better and oil was still around $50-60/ barrel like it was when we started this branded stuff then the branded side would be operating in the black. The rumors of XJT's death have been greatly exaggerated.

PS
Even the might Southwest lost money their first year in business so lets not get too excited here.

last i counted 277 a/c? or are you including ASA which i guess is technically yours? 277 to their 274....yea XJT is smaller.

"SKW Inc" should have made it clear and BTW ASA's not mine.

How much does continental still own of expressjet.

I was trying to do some reserch before I posted, and the only number I can come up with was 53.1% stake, and they had plans to divest more.

I wish I still had the window open to site the source.

but if they still have a controling stake in expressjet, they can still stop the merge if they try right?

Reeves

CAL owns 685 shares and a poison pill.

The letter from the fund manager did what it was intended to do...raise the stock of XJT. Period end.

I bet they sold a bunch of XJT stock today.

Buy on the rumor, sell on the news.

FFB has hit the nail on the head. Its not about running a successful business. Its about running the stock up and selling. Hedge funds are systematically destroying any long term value in the US economy to make their quick bucks.

I got upset at first, but after seeing some of your F/A's.......................merge it up baby................

The stock price didn't increase all that much. ($2.55/share as of close today, I think.) I doubt the hedge fund sold anything at all. They still paid more than twice that price.

What kind of poison pill does CAL control? Where did you find this information?

You get Saabroowski as an employee.:D

I can only assume your kidding.

What's the deal w/ Saab and monkey avatars?

well the ones I have seen

hahah, good question

I have to say (again)...

You SkyWest guys need to stop thinking/acting like you're a step above everyone else. Today's best regional is tomorrow's red headed step-child. You'll get yours. I can slap it with a 100% guarantee. The Kool Aid you guys drink up is unreal. It must be grape and ice cold.

It's no wonder that so many regional and mainline pilots have issues with you.

I can only assume you've never met a SkyWest FA. They're the best-looking bunch of crewmembers in the US, hands down.

no... their hot... but, thats, in my humble oppinion, an extremly unprofessional thing to say..

"I want to merge because your flight attendants are hot." great job guy.

Jesus...............................I feel bad for your CA's. It is a job, lighten up,

I guess you don't know any better, you have only been on line for........................wait a sec I don't think you have even started Initial..............


when I am at work, in front of the pax, or briefing a CA, or representing an F/O that comes to me for help, I will be "professional", but on here when we all need to vent and share our daily grievances and stories, "like B.S.ing with some old friends..............sorry I just won't be as professional as you would like.......

Nice one Saab----"you haven't even started initial." Yet his comment is better than "your fa's are hot" hahaha

It was a joke, I was joking. I was making light of a potentially bad situation. Some of you guys must be a real blast to fly with.:(

Seems like a valid enough reason to me.
Also, I've noticed a disproportionately high number of good-looking female XJT FOs down in IAH. If XJT and SKW merge, I demand a Crewmember-a-Day calendar!

thank you, a normal person with a sense of humor (yeah we have some really HOT F/Os........) sad when the female pilot's are better looking then the F/A's..........

...I don't know what to say. Nobody's ever called me that before.

haha...........yeah well normal in the airline world is a whole different story...............

That's a couple "ifs". They aren't and oil isn't. Those are a couple "facts".

do you realize that if you were standing in front of me right now I would slap you in the face, your like "McLovin" in superbad, only you don't ever get laid...............

Your like the little fat kid that kicks people in their shins and laughs..............

The average volume for XJT on the market is 803,006 a day. With the fund owning several million shares they'd basically have to give the stock away. The second they tried to sell any type of large quantity the price would immediately drop. That's if someone buys it. They could just sit there for sale.

Well... guess it sucks when reality bites you in the butt. I don't expect you to like it. Turn a blind eye and try and make all the sense of it you can. Play ignorant. I don't care. I'm not trying to be rude it's just being a little realistic on the matter. Stock is low, XJT doesn't have many assets because they lease aircraft, they aren't doing very well on the branded. Call it startup costs, say how this was expected, say how it's ok because the company did a noble thing by taking the planes and keeping pilots jobs, but the company is bleeding. Whether I worked there or not I wouldn't let my vision of the place become distorted by my affection for it.

We can say how mesa, commair, eagle, and the dozen other companies aren't doing well, but say XJT isn't looking too healthy and I feel like I almost need to apologize and give someone a hug because feelings got hurt. Don't know why you sink to that level. I don't think any of us have said it was the pilot's fault, or management's fault, but it is the truth. Come down off the cross.

chill out man.. just making sure you were kidding and not being serious there. I GOT IT... you should realize people besides "US" read this forum though. I definatley found that out the hard way...

Sense of humor download buddy, use it!!

http://i43.photobucket.com/albums/e3...setuphumor.gif

LOL. now thats funny. Super Pilot. thanx.

OMG you know how many times I've tried to get that thing to work! How'd you do that? Just right click on the image, save the location and tag it here?

Photobucket.com

Same thing at ASA:D