ExpressJet Posts 31.7 Million dollar Q4 LOSS!!!

[100LLguy]

ExpressJet Holdings Inc. (XJT: XJT swung to a fourth-quarter loss of $31.7 million, or 60 cents a share, from a profit of $22.8 million, or 39 cents a share, a year earlier. The Houston regional airline said that excluding special charges, it posted a loss of $27.6 million, or 52 cents a share, in the latest quarter. Revenue rose 2.3% to $436 million from $426.4 million. The company expects 2008 capital expenditures of $15 million to $20 million.

70.2 million dollar loss for 2007. The losses have further increased for XJT, not reduced.....

There's one reason for the COLA's.....next step.......?

Good luck guys

[jtrain609]

FTW!

[ComplexHiAv8r]

Does anyone know what the loss/profit business plan was for branded? I would of expected a loss the first few quarters just in branded as they got operations up and running, as well as fine tuning.

[Velocipede]

Colas...
Furloughs can't be far behind if they don't right the ship GD QUICK! FlyI redux.

[Kingairer]

Originally Posted by jtrain609

FTW!

http://netforbeginners.about.com/od/.../whatisFTW.htm

[WalterSobchak]

Branded RJ flying?
Losing money?
ACA Deja Vu?

[Kristie]

Originally Posted by Kingairer

http://netforbeginners.about.com/od/.../whatisFTW.htm

Thanks! i had to look that up too.....

[Kristie]

Well, it doesn't say "branded"...and you have to figure branded together with the subbing out portions to the various legacys. it would be good to know what portion of that loss IS branded however.

[Stone Cold]

Wow...there sure are a ton of people trying to dogpile XJT or EXJ or whatever the stupid 2 or 3 letter ID is for Expressjet, dba, Aquafresh Express .

I wish all you guys the best. At least your company is doing things the right way, and not underbidding people to get more flying,etc. Put up a good fight guys and gals!!!

[Firebird2XC]

Maybe we should start a "I support Express Jet" campaign.

ie, pay a reasonable full fare for a roundtrip joyride?

[WAFlyBoy]

Originally Posted by Firebird2XC

Maybe we should start a "I support Express Jet" campaign.

ie, pay a reasonable full fare for a roundtrip joyride?

We do have those handy tax rebates coming soon....

[100LLguy]

Originally Posted by Stone Cold

I wish all you guys the best. At least your company is doing things the right way, and not underbidding people to get more flying,etc. Put up a good fight guys and gals!!!

The good fight all the way up until furloughs, a buyout, branded shutting down or CH 11.....one of these will happen.....look more for the buyout

[SpiraMirabilis]

Originally Posted by WAFlyBoy

We do have those handy tax rebates coming soon....

a bit off topic but I love your avatar.

[WAFlyBoy]

Originally Posted by SpiraMirabilis

a bit off topic but I love your avatar.

Thanks. Ironically, it's from the "Bankruptcy" exhibit at the National Air and Space Museum.

Hail Braniff!

[Minuteman]

Originally Posted by Firebird2XC

Maybe we should start a "I support Express Jet" campaign.

ie, pay a reasonable full fare for a roundtrip joyride?

Oof, $1.88/share.

I hear Tulsa and Omaha are nice this time of year.

[wheelsup]

Originally Posted by 100LLguy

The good fight all the way up until furloughs, a buyout, branded shutting down or CH 11.....one of these will happen.....look more for the buyout

Buyout? What does the company own besides a paint shop and MX outsourcing services? Can't their agreement with CAL be terminated with 12 months notice? They don't even own the leases to the unprofitable 50 seaters.

[Velocipede]

Does the term "house of cards" sound familiar?

[Firebird2XC]

Yeah, maybe a nice roundtrip to Ontario and back.

I can get my drink on with those $1 beers.

Support XJET, folks. Watching on the best labor-friendly companies out there tank only spells bad things for the others that aren't stabbing labor in the back.

[Clocks]

*forget it.

[Pilot877]

Whatever happens, it wont be a "FlyI redux". Atlantic Coast Airlines would not have turned a profit, if it continued to operate in the UAX system for the rate reductions bankrupt United Airlines wanted. United chose cheap over quality (no big surprise), when Atlantic Coast management refused to lower their rates. ACA looked for another partner, but the result would have been the same. The company, and employees, went ahead with the plan of creating Washington Dulles Airport's only hometown Low Cost Carrier, while fighting off an aggressive hostile takeover attempt by Jonathan Ornstein and MESA Air Group.

That being said, 6 months later we had no mainline partner and had successfully transformed the entire airline into a LCC. It was a big gamble, the company entered the LCC market with 88 CRJs and the addition of A319 jets soon thereafter. With so many airplanes to fly, there were up to 14 flights a day to many of our destinations. The load factor for a "start-up" airline just didn't support the operating cost, especially due to immediate fare cuts by United, AirTran, Northwest, etc. on matching routes. Some of those carriers had pockets deep enough to sustain massive operating losses over a long-term period. High operating cost of the CRJ-200s and the rising cost of fuel were factors, as well. In the end, the result was bankruptcy and liquidation. However, it is a much different story than what is happening at XJT.

Good luck to the ExpressJet pilots, by the way. Like Independence, your company tried to take what's screwed up about this business and do something about it by offering a superior product at a competitive price. There are definitely some similarities, but there are way too many differences to call it a "redux".

[777forever]

Originally Posted by Pilot877

High operating cost of the CRJ-200s and the rising cost of fuel were factors, as well. In the end, the result was bankruptcy and liquidation. However, it is a much different story than what is happening at XJT

Sounds like the same thing is happening to XJET to me, minus the competing head on head with a major part.

Good luck to the ExpressJet pilots, by the way. Like Independence, your company tried to take what's screwed up about this business and do something about it by offering a superior product at a competitive price. There are definitely some similarities, but there are way too many differences to call it a "redux".

Thats the problem. XJET has a superior product that is quite costly. But selling it at a "competitive price" will not result in enough revenue to cover the costs. Maybe they should turn the whole branded operation into a corporate/charter type deal.

[Pilot877]

Originally Posted by 777forever

Sounds like the same thing is happening to XJET to me, minus the competing head on head with a major part.

I must have missed the part where XJT had a hostile takeover attempt, lost all of their express flying in one shot, and started a LCC with over 90 airplanes on a single-hub system. I also didn't catch their Airbus delivery dates. Ah, well.....

[Stone Cold]

Originally Posted by Firebird2XC

Maybe we should start a "I support Express Jet" campaign.

ie, pay a reasonable full fare for a roundtrip joyride?

That would be nice...let me know what routes are hurting profits and I'll contribute. Guys let me know where you want a round trip on branded for your spouse and I'll see what I can do to help...

Originally Posted by 100LLguy

The good fight all the way up until furloughs, a buyout, branded shutting down or CH 11.....one of these will happen.....look more for the buyout

Where do you work? I hope the industry never takes a dump on where you are at, as there will be less people on your side...

Originally Posted by wheelsup

Buyout? What does the company own besides a paint shop and MX outsourcing services? Can't their agreement with CAL be terminated with 12 months notice? They don't even own the leases to the unprofitable 50 seaters.

Don't they own their a/c? I don't know...you know more about this RJ stuff...

Originally Posted by Firebird2XC

Yeah, maybe a nice roundtrip to Ontario and back.

I can get my drink on with those $1 beers.

Support XJET, folks. Watching on the best labor-friendly companies out there tank only spells bad things for the others that aren't stabbing labor in the back.

Good luck to all those in the Replacement Jet Mini Major industry, especially if Express tanks. Y'all are putting the writing on the wall for your company. The lowest bidder gets lower...

Originally Posted by Clocks

*forget it.

Why didn't I listen to this one first...oh yeah, some very good wine...

[jtrain609]

Originally Posted by Velocipede

Colas...
Furloughs can't be far behind if they don't right the ship GD QUICK! FlyI redux.

18% of the fleet is tied up in branded.

The COLA's are because a 10% reduction in block hours from.

Wait for it.













Wait for it.





























Continental and Delta.

[Chris_Ford]

To be fair, the 25% branded schedule reduction didn't really help either. It's a system wide issue and let's be frank, branded isn't exactly anything but an anchor with $107/bbl oil.