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And Freedom got back the MCO flying!
The information on the sub-par contract that XJET signed with CAL is getting disseminated thru the ranks of the investors. While this contract added a level of stability to XJET's operation, it did it at the expense of profitability and sustainability. There is a thought in the ranks of the instutional investor that XJET will have no choice but to file bankruptcy in order to get their cost structure down low enough to just break even. There will be a large amount of layoffs in all work sectors. Any labor agreements will need to be abbrogated to get relief both in compenstaion and productivity. All in all it will be a very rough year for the rank and file at XJET. Essentially, this contract was signed, as bad as it is, because of the missteps of the current managment team. It finally came to a head and they had no choice and got this slammed down their throat. Hence, a stock that will soon be delisted and sent to the pink sheets and an imminent bankruptcy filing.
(3 posts maximum till a starry eyed XJT kool aid drinker tells me how full of sh*t this post is)
Skywest deal doesn't look so bad now does it....?
How do you figure?
3.50 per share versus what it is now..45 cents!? Makes wonder though about Delta cutting flying and Jerry wanting to furlough, i think he new this cut in flying was coming.
Didn't Jerry want 700 furloughs? Looks like its going to get close to that with branded and Delta flying being cut.
And Freedom got back the MCO flying!
Skywest deal doesn't look so bad now does it....?