DAL/CAL reduced XJT's block hours. Also, XJT is reducing their block hours for their Branded operation starting on April 1. A sampling of the xjet.com fares brings up ridiculously low fares for many stations. It doesn't matter how full your flights are if you are charging low fares for long haul flights on an RJ!
This news of COLA's should be refreshing compared to the bombshell that will be dropped on Monday's XJT Q4 Earnings call. Their is a reason this call was delayed for two months and it wasn't just to announce a "COLA"