Originally Posted by stbloc

I am fully aware of what they do. You can't compare AA's finances at the time they declared BK to Skywest. AA was loosing hundreds of millions a quarter for a decade or so before they went into court. And looked what happened to AA as a result. BK court is a dangerous game and a last result for any company. Skywest has so many options at their disposal before declaring bk and screwing all their investors.

Originally Posted by gojo

Quote:





Originally Posted by stbloc


Don't know for sure. But Skywest stock is an indications of all their holdings. If Xjet was about to go under the stock would act very erratic. Put it this way, if XJet was about to go under Skywest would not be paying a dividend to shareholders. I personally don't think XJet can file without Skywest being included. Just because Xjet may be losing money doesnt mean they are in a position to file BK. Again I haven't seen the balance sheet for xjet.

If Xjet was about to go under you would see big swings in the share price leading up to it. None of that is happening. Remember when you file BK the courts and creditor control the company.




Wake the duck up!!! Bankruptcy is the way of the airlines. It gives them the green light to immediately shed or restructure airplane leases, and restructure all labor contracts. H$ll, they can restructure all their contracts to become more cost competitive. Look what American just did, and remember the pile of cash they had in the bank when they filed. Also, consider the benefits of having multiple companies under an Inc umbrella. Mesaba, part of MAIR Holdings, also had millions in the bank when they filed in 2005, but Big Sky Airlines wasn't included. I'm not saying Skywest will go this route, but current bankruptcy laws in conjunction with the Railway Labor Act heavily favor the airlines.

Originally Posted by Wynncore

This whole "XJT declaring bankruptcy" is exactly what the poster said, a rumor. Will this happen in the immediate future, as in tomorrow, or within the year?...Probably not. Is this a strong possibility of happening if a JCBA and profitable contracts with mainline partners are not hammered out?...Yes, absolutely. Until then, I'm not concerned with a potential bankruptcy.

With that being said, getting back to the most recent topic of the L-XJT MEC making it clear they are in favor of SmartPref over Flightline. While this is 100% their call as we are still separate pilot groups with separate MEC's, can somebody please explain to me the huge resistance that L-XJT seems to have with Flightline? This was the issue that caused much of the delay in reaching the last TA, and it seems that it is going to happen again. I am a L-ASA FO and I don't have an issue with Flightline, but I'm very interested in learning why SmartPref is a much better system than Flightline and if SmartPref is worth a detailed look over by the ASA MEC and pilot group. For the record I am being 100% serious with the last sentence, not flame baiting in any way.

Originally Posted by air101

I can confirm N110SY will travel from SGU to ATL tomorrow evening, and will carry with it leadership as well as various managers from a multitude of departments (Flight Ops, Flight Control, Inflight, Maintenance, etc) and they will be working with their counterparts at XJT on the best path forward.

I am also hearing that an announcement regarding the future of XJT will be made sometime during this trip. I don't believe bankruptcy will be any part of it.

Originally Posted by Flycameron

Why would they need to do BK with XJT? They don't need to do that. They can just continue awarding any new flying to Skywest and continue to wind down the XJT side of the operation. Whipsaw as you say it. XJT is too expensive, won't negotiate and is loosing money so you don't continue to put money into the operation you put it where you will get a return. They will not BK XJT!

Originally Posted by air101

The only benefit would be to have a judge throw out the labor contracts, and SKYW can basically scare XJT into signing a deal that cuts costs or shut them down. They can also renegotiate some of the CPAs. Like I said, I don't believe bankruptcy is in the plans.

Originally Posted by air101

The only benefit would be to have a judge throw out the labor contracts, and SKYW can basically scare XJT into signing a deal that cuts costs or shut them down. They can also renegotiate some of the CPAs. Like I said, I don't believe bankruptcy is in the plans.