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Quote:

Originally Posted by ToiletDuck (Post 592263)

No. There's other growth opportunities out there. US Air(if any flying is needed due to Mesa going BK), F9, Mok, Alaska, and CAL(if any flying is needed due to XJT going BK). I don't expect Midwest to last but it only has to go till June to have been a complete profit for the company.

Where is this info comming from?

Quote:

Originally Posted by Rascal (Post 592277)

Where is this info comming from?

I can see how that looks too definitive. I meant if they were to declare BK. I'm going to go edit it.

You mean if XJT declares Chapter 7 and not Chapter 11, right TD?

Quote:

Originally Posted by SAABaroowski (Post 592188)

Anybody else have the feeling that Skywest and Republic have reached their pinnacle and potentially things could turn south sooner rather than later?

Just wait until UAL files for BK........................

I agree with you SAAB. More so RAH i would say before skywest.

Quote:

Originally Posted by BoilerUP (Post 592281)

You mean if XJT declares Chapter 7 and not Chapter 11, right TD?

No not really. Did I mention Chapter 7 or Chapter 11?

Quote:

Originally Posted by ToiletDuck (Post 591898)

The RAH contract is still in the air. We have no idea what they are currently debating and yelling at those of us here about it isn't going to help anything one way or another. Feel free to be supportive all you'd like but give the rest a break. Another "I heard from a FA" thread with explosive results. It's comical. Lets worry about that situation if it arises.

US Air caps at $95 per hour from 10yrs on up.
RAH 10yr pay =$90 for 175+. At 12yrs equal. At 15yrs it's $10+ over US Air.

When everyone is arguing pay are they talking about first year FO pay? I have no doubt our guys are working on FO pay. Lets not play Micheal Moore with the numbers. They can all be pushed out of context. Why don't we all jump over to the cargo board and jump up and down on UPS guys because they pay $35 an hour to fly a 747! Truth be told there's always more than just that first little number everyone spouts. I know I know the FO pay still isn't great but give a little credit when due and appreciate everything that's taken place and the ability of the pilot group to contain it as well as they have. Given the extremely rapid expansion of the company as well has all the little holes they've tried to poke in the contract i'm still rather proud of my pilot group for the stances they've taken. I've seen other groups bend over and take it on some of these same issues where ours has stood firm and now is moving forward hopefully with current negotiations.

Probably because when they hit 2nd yr pay they're making $122 an hour, and it only goes up from there. Bad example man.

Quote:

Originally Posted by johnso29 (Post 592292)

Probably because when they hit 2nd yr pay they're making $122 an hour, and it only goes up from there. Bad example man.

That was the point of the example. That there is more to it that just that one number. That sometimes it's pushed out of context.

Quote:

Originally Posted by ToiletDuck (Post 592291)

No not really. Did I mention Chapter 7 or Chapter 11?

No....but its hard to believe a simple reorganization under Ch. 11 would cause XJT to lose any business with Continental, whereas a liquidation would under Ch. 7 certainly would.

Quote:

Originally Posted by BoilerUP (Post 592345)

No....but its hard to believe a simple reorganization under Ch. 11 would cause XJT to lose any business with Continental, whereas a liquidation would under Ch. 7 certainly would.

Maybe for you but not for myself considering how hard CAL has already tried in the past. The same reason MESA has been fighting so hard to stay out of BK can be applied here. BK means that they are not financially stable and opens the door for contract cancellation or modification. XJT does not own it's own aircraft and does not have very many assets to leverage. The best they could do is renegotiate current debt. I have no doubt that CAL would use that to at least downsize their portion of flying with them to source out to others so that their eggs are not all in one basket. Since a regional's cash flow is direct and constant from the majors, unless branded, their future is usually sealed with a declaration of BK. Especially in today's environment. It's far more than a simple reorganization when the revenue is all from one direct source especially when a very large chunk of your expenses go right back into that sources pockets. If XJT goes BK and CAL thinks they can't pay the lease agreements on those aircraft they can farm that flying out to anyone else regardless of what's in their contract.

Quote:

Originally Posted by SAABaroowski (Post 592188)

Nothing would make you happier, would it?!