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May 5th, 2008, 22:31
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#1 | | Old Skool
Join Date: Jul 2004 Location: Phoenix, AZ
Posts: 7,203
|  Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
http://www.prnewswire.com/cgi-bin/st...4806855&EDATE=
Sell you XJT stock now before it tanks tomorrow morning!!!
__________________
People you should probably listen to more: Velocipede, Staplegun, Cal_Capt, Mad Doggy Dog, B767Driver, ZapBrannigan.
People who don't have the experience you think they do: 25 y.o regional capts/fos
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May 5th, 2008, 23:00
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#2 | | Old Skool
Join Date: May 2005 Location: Dirty Jerzey
Posts: 1,939
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote: |
Originally Posted by Link ExpressJet ended first quarter 2008 with $191.7 million in cash... |
Well, they've still got a decent amount of cash on hand. Enough for another 6 quarters of $30MIL in loses. I really hope Xjet can stay together until things get better. I have a few really good friends over there and I still think they have one of the best management groups.
I wish you guys the best. | |
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May 6th, 2008, 00:13
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#3 | | Old Skool
Join Date: Feb 2002 Location: Park City, UT
Posts: 11,636
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
I'm willing to bet that the board won't let it bleed their cash reserve to nothing.
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STFD
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May 6th, 2008, 00:16
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#4 | | Old Skool
Join Date: Jul 2006 Location: Alpha Tango Lima
Posts: 7,809
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
John,
I miss you dearly.
Please come visit at your earliest convenience.
Sincerely,
Josh
__________________ AGI.MEI.CFI.CFII.FO.CRJ2 | Josh |The TRoP | ALPA | 
Where's YOUR DD-214, you conservative chickenhawk? | |
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May 6th, 2008, 00:20
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#5 | | Old Skool
Join Date: Dec 2001 Location: Chicago, IL
Posts: 4,685
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
I heard we might have to furlough up to seniority number 2610 or so. | |
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May 6th, 2008, 00:27
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#6 | | Senior Member
Join Date: May 2003 Location: Austin, TX
Posts: 1,202
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by Chris_Ford  |
Awww, don't sell your company short ... err, hey wait!
__________________
Never claim as a right what you can ask as a favor.
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May 6th, 2008, 00:32
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#7 | | Old Skool
Join Date: Feb 2002 Location: Park City, UT
Posts: 11,636
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by surreal1221 John,
I miss you dearly.
Please come visit at your earliest convenience.
Sincerely,
Josh | Hey as soon as I get a relief line again, which will *hopefully* be next month, I'll aim for it! I'm back to short call reserve again this month.
__________________
STFD
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May 6th, 2008, 00:42
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#8 | | Old Skool
Join Date: Jul 2006 Location: Alpha Tango Lima
Posts: 7,809
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Please don't tease me. Please, I don't know if my heart could handle such.
__________________ AGI.MEI.CFI.CFII.FO.CRJ2 | Josh |The TRoP | ALPA |
Where's YOUR DD-214, you conservative chickenhawk? | |
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May 6th, 2008, 00:44
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#9 | | Agent Smith
Join Date: Dec 1969 Location: KSDL
Posts: 37,985
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
It's "I cain't quit you" Surreal, get it right brotha!  | |
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May 6th, 2008, 00:47
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#10 | | Old Skool
Join Date: Jul 2006 Location: Alpha Tango Lima
Posts: 7,809
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Not yet. . .just not yet.
I have faith we will have one last rendezvous before I must say it.
__________________ AGI.MEI.CFI.CFII.FO.CRJ2 | Josh |The TRoP | ALPA |
Where's YOUR DD-214, you conservative chickenhawk? | |
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May 6th, 2008, 03:18
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#11 | | Old Skool
Join Date: Jul 2004 Location: Phoenix, AZ
Posts: 7,203
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by FlyChicaga I heard we might have to furlough up to seniority number 2610 or so. | Szluka swings and misses!
/2594
__________________
People you should probably listen to more: Velocipede, Staplegun, Cal_Capt, Mad Doggy Dog, B767Driver, ZapBrannigan.
People who don't have the experience you think they do: 25 y.o regional capts/fos
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May 6th, 2008, 08:45
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#12 | | Old Skool
Join Date: Sep 2003
Posts: 1,778
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
How many pilots you guys have? I didn't know you had that many.
I listened to the Delta president speak last week at a road show...basically he said more airline failures are probably going to happen...and if oil stays at $120, it's a game changer...it will completely reshape the landscape of the industry.
Delta will get beat up over the next couple of years but will be a survivor. Air Tran, United, Airways are supposedly in liquidity watch. United supposedly is a mess. SWA...without the hedges...would have had the worst yields in the industry at negative 10.5. Delta is projected yields this year of 1 to 2 percent.
__________________
A self described gym rat. "I got next."
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May 6th, 2008, 09:02
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#13 | | Old Skool
Join Date: Feb 2007
Posts: 2,258
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
SWA hasn't made money on airline operations in years. They're living on their fuel hedges.
__________________
"Humankind cannot stand very much reality." - T.S. Eliot
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May 6th, 2008, 09:12
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#14 | | Junior Member
Join Date: Jan 2008 Location: Newnan
Posts: 56
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by B767Driver How many pilots you guys have? I didn't know you had that many. | They have about 2900 and change. 274 airplanes.
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SouthernJets 767ER copilot
ATL bred, NYC based  | |
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May 6th, 2008, 09:16
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#15 | | Old Skool
Join Date: Mar 2004 Location: _
Posts: 4,825
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by Velocipede SWA hasn't made money on airline operations in years. They're living on their fuel hedges. | I disagree. Their pricing structure is based upon their hedges. | |
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May 6th, 2008, 10:11
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#16 | | Old Skool
Join Date: Feb 2002 Location: Park City, UT
Posts: 11,636
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by B767Driver How many pilots you guys have? I didn't know you had that many.
I listened to the Delta president speak last week at a road show...basically he said more airline failures are probably going to happen...and if oil stays at $120, it's a game changer...it will completely reshape the landscape of the industry.
Delta will get beat up over the next couple of years but will be a survivor. Air Tran, United, Airways are supposedly in liquidity watch. United supposedly is a mess. SWA...without the hedges...would have had the worst yields in the industry at negative 10.5. Delta is projected yields this year of 1 to 2 percent. | Hedges don't "run out," though. They will ALWAYS be able to charge less than the guy next door because they are ALWAYS hedging their fuel bets.
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STFD
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May 6th, 2008, 11:35
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#17 | | Old Skool
Join Date: Nov 2004 Location: Ithaca, NY
Posts: 1,866
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Why would the fuel companies agree to hedges when they know costs will continue to rise?
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Colgan SAAB FO
"Colgan Air...Pissing off the world 34 people at a time"
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May 6th, 2008, 11:54
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#18 | | Old Skool
Join Date: Feb 2002 Location: Park City, UT
Posts: 11,636
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Good question, but they keep sellin' the hedges!
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STFD
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May 6th, 2008, 12:00
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#19 | | Senior Member
Join Date: Mar 2007 Location: Getting furloughed
Posts: 812
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
And the stock is currently up 3.45% today, in case anyone was considering using CF as a financial adviser.
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May 6th, 2008, 12:05
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#20 | | Agent Smith
Join Date: Dec 1969 Location: KSDL
Posts: 37,985
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Anyone taking stock advice from an airline pilot is nuuuuuuuutz.
Pilots are good for flying, cheap eats, gossip, movie quotes and finding happy hours. | |
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May 6th, 2008, 12:12
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#21 | | Senior Member
Join Date: Jan 2007 Location: GKY
Posts: 1,269
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by Velocipede SWA hasn't made money on airline operations in years. They're living on their fuel hedges. | They have still made money, which is the bottom line. | |
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May 6th, 2008, 12:22
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#22 | | Old Skool
Join Date: Jul 2004 Location: Phoenix, AZ
Posts: 7,203
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by Clocks And the stock is currently up 3.45% today, in case anyone was considering using CF as a financial adviser. | Like Doug said, taking financial advice from me is like taking diet advice from Rosie O.
But what this really shows is how little faith the investors have. XJT reported a 30 million dollar loss and the investors said "This isn't as bad as I thought it would be!"
$30 million a quarter!!! And that's somehow an "improvement" in the stockholders eyes (likely because they think the SKW deal is imminent now... which I agree with)
__________________
People you should probably listen to more: Velocipede, Staplegun, Cal_Capt, Mad Doggy Dog, B767Driver, ZapBrannigan.
People who don't have the experience you think they do: 25 y.o regional capts/fos
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May 6th, 2008, 12:51
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#23 | | Senior Member
Join Date: Dec 2002 Location: Zona
Posts: 1,095
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
I do not impose my financial wisdom on anyone but I thought I would put it in writing so I can gloat later. I put a large percentage of life savings into LCC and DAL at just under $7 a share.
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Whatever happened to catching a good old fashioned passionate ass whooping?
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May 7th, 2008, 19:15
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#24 | | Senior Member
Join Date: Oct 2002 Location: ATL
Posts: 766
| Re: Hey hey, you, yeah, XJT loses 30 mill... (1Q Loss)
Quote:
Originally Posted by Chris_Ford Like Doug said, taking financial advice from me is like taking diet advice from Rosie O.
But what this really shows is how little faith the investors have. XJT reported a 30 million dollar loss and the investors said "This isn't as bad as I thought it would be!"
$30 million a quarter!!! And that's somehow an "improvement" in the stockholders eyes (likely because they think the SKW deal is imminent now... which I agree with) | There was actually an analyst who recommended buying ExpressJet stock under the pretence that they are now going to be a bigger takeover target by SkyWest. | 
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