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merit · 10-22-2007, 08:20 PM

I was not impressed by the call at all. I thought it was very vague and rushed. In my view nothing positive came from Jim or Fred. In fact, Jim seemed somehwhat flustered during the call. I understand that XJT has no model to compare their year by year performance by but I sure would like see some financial and contract guidance here.

I've been hearing the whole spill that we're working with CAL to strengthen our relationship and partnership since we lost the 69 planes. I personally believe no head way has been made with respect to contract extensions, additional flying, block hours, or frames.

It's time to see XJT announce something good. I haven't seen one positive (or stable) press release since the announcement of the Delta relationship which by and large was a small victory in my opinin since the length of the contract is very short. Hopefully we announce some decent codeshares here in the next 60-90 days. The company need to press forward contractually with business and secured CPA's or codeshare for branded ops.

It'd be a huge hurdle to see XJT make an announcement of a 10 year CPA with CAL, Delta, or an additional carrier in addition to see monthly performance of the branded's load factors to be in the 70% range. I believe the west coast could be an excellent staging ground for an all out secondary city attack for branded and could spell success if marketed right and served right.

A few things I didn't like per the call was the announcement of the stock repurchase program. The company has $250M in cash and is planning on spending $26M on a repurchase program. Cash is precious right now since we're not cash flow positive yet. I'd rather see that cash put away for growth rather than make a statement to the shareholders. Wrong time and wrong move to blow $26M in my opinion.

I also didn't like the tone of the conversation with regards to the CAL and XJT relationship. XJT must secure a long term contract with CAL for the 205 frames. This is vital to our growth and sucess even at a 1-3% rate reduction. If XJT needs to go back to the board and draw out ways to be more expense efficient to make up for the rate reduction, so be it.

10-22-2007, 08:20 PM	#15 (permalink)
merit Join Date: Oct 2007 Posts: 476	I was not impressed by the call at all. I thought it was very vague and rushed. In my view nothing positive came from Jim or Fred. In fact, Jim seemed somehwhat flustered during the call. I understand that XJT has no model to compare their year by year performance by but I sure would like see some financial and contract guidance here. I've been hearing the whole spill that we're working with CAL to strengthen our relationship and partnership since we lost the 69 planes. I personally believe no head way has been made with respect to contract extensions, additional flying, block hours, or frames. It's time to see XJT announce something good. I haven't seen one positive (or stable) press release since the announcement of the Delta relationship which by and large was a small victory in my opinin since the length of the contract is very short. Hopefully we announce some decent codeshares here in the next 60-90 days. The company need to press forward contractually with business and secured CPA's or codeshare for branded ops. It'd be a huge hurdle to see XJT make an announcement of a 10 year CPA with CAL, Delta, or an additional carrier in addition to see monthly performance of the branded's load factors to be in the 70% range. I believe the west coast could be an excellent staging ground for an all out secondary city attack for branded and could spell success if marketed right and served right. A few things I didn't like per the call was the announcement of the stock repurchase program. The company has $250M in cash and is planning on spending $26M on a repurchase program. Cash is precious right now since we're not cash flow positive yet. I'd rather see that cash put away for growth rather than make a statement to the shareholders. Wrong time and wrong move to blow $26M in my opinion. I also didn't like the tone of the conversation with regards to the CAL and XJT relationship. XJT must secure a long term contract with CAL for the 205 frames. This is vital to our growth and sucess even at a 1-3% rate reduction. If XJT needs to go back to the board and draw out ways to be more expense efficient to make up for the rate reduction, so be it.