Management and non union employees have been given a 5% paycut as of July 15. The CEO gave himself a 10% paycut off his salary.

Thanks guys, the sad part about your Mgmnt team taking pay cuts is that they can get them back quickly where as it will take the better part of a decade for you guys to get back one cent that you give up. I know you guys understand this but some newbie will look at it and want to bend over in order to do his part. That attitude is fine but needs to be put in check.

Best of luck guys and stay strong.

Hopefully there will be a snapback provision if that happens.

Well I just purchased 1000 shares of y'all at $.24 so get that stock back up...I'm rootin' for ya LoL

I wouldn't invest money in ANY airline stock.

Why? If you had paid any attention lately, they have gone up quite a bit while oil has dropped. Set a goal and sell when you reach it...or be greedy like me and hang on until oil levels off and starts to climb again.

Maybe...but XJT, I think, is a no-brainer...

True, they have gone up and seem to be inversely proportional to the price of oil. But, it also shows how volatile they are too.

My preference is to invest for the long-term, and airline stocks are not a good option for that type of investing.

Oh I agree 100%. Investing in airlines for the long term will ensure a sad retirement. It is, like JetJock said, a good way to make quick cash when they are climbing out of the bottom.

Yea I dont know, I think you underestimate this management team. While we all take 5%, there is a 10% profit sharing in place. Also you have to remember that our CBA is amendable in less than 2 years. I think 5%, if it is warranted, is very reasonable. And its not just pay, it is a 5% reduction in expenses (ie...qol). I would rather give 5% of pay and lose NONE of our qol which is pretty good. This is not a management vs union airline, were all in this one together here.