SKYW 2010 First Quarter Earnings

[Max Q]

Dey tuk err jerbz!11

 

[Formula 1]

Lets see:

Skywest earned 40 million dollars less this quarter than the same quarter last year.

Skywest also paid $70 million less in fuel costs, but fuel is going back up.

If fuel cost increase by 12%, Skywest will start to lose money. I would not be very happy with these numbers. I would be very concern, because of the oil rig in the gulf making off shore exploration dead forcing speculators to buy up all options. 12% increase is not that far in the future if it isn't here already.

Congrats on your 15 million profit! Sell your Skywest stock and Buy Southwest today or just stay away from airline stocks all together.

 

[flyboyzz1]

Do you even know what you are talking about?


"SkyWest is reimbursed by its major partners for fuel and certain other costs under its contract flying arrangements. For financial reporting purposes, these reimbursements are recorded as operating revenues. Excluding fuel cost reimbursements, total operating revenues for the first quarter of 2010 increased 7.6% to $577.1 million compared to $536.1 million for the same period last year. The increase was primarily the result of an increase in the number of block hours in contract flying and additional pro-rate flying."

Read the press release...

 

[JoeMerchant]

once again people, posting earnings for an express/connect/outsource airline is like wearing/flaunting your medal from the special/retard Olympics (or boasting about getting to second base with your sister for you hillbillies).

when the airline you work for is paid by another airline per departure (on a cost plus contract) it is no better than the brat kid in the MTV Sweet 16 show boasting how rich they are off their parents dime.

Wanna play with the grownups? Leave the Romper Crew Room and go work for an airline that doesn't leach off a mainline(s), at the cost of mainline pilot jobs.

I prefer to work for a carrier that actually makes money....Don't really care how they do it. The "Romper Crew Room" is fine right now....

 

[Jon Rivoli]

To be a REAL airline you need to lose money I guess.

 

[Dubya]

once again people, posting earnings for an express/connect/outsource airline is like wearing/flaunting your medal from the special/retard Olympics (or boasting about getting to second base with your sister for you hillbillies).

when the airline you work for is paid by another airline per departure (on a cost plus contract) it is no better than the brat kid in the MTV Sweet 16 show boasting how rich they are off their parents dime.

Wanna play with the grownups? Leave the Romper Crew Room and go work for an airline that doesn't leach off a mainline(s), at the cost of mainline pilot jobs.

wow. way to flex that E190 muscle. impressive.

 

[79%N1]

once again people, posting earnings for an express/connect/outsource airline is like wearing/flaunting your medal from the special/retard Olympics (or boasting about getting to second base with your sister for you hillbillies).

when the airline you work for is paid by another airline per departure (on a cost plus contract) it is no better than the brat kid in the MTV Sweet 16 show boasting how rich they are off their parents dime.

Wanna play with the grownups? Leave the Romper Crew Room and go work for an airline that doesn't leach off a mainline(s), at the cost of mainline pilot jobs.

Says the guy who flew Dash-8's at REGIONAL airline before he bailed to a Wholly-Owned created to undercut mainline pilots!!!!

HILARIOUS!!!!!!!

 

[airtime42]

once again people, posting earnings for an express/connect/outsource airline is like wearing/flaunting your medal from the special/retard Olympics (or boasting about getting to second base with your sister for you hillbillies).

when the airline you work for is paid by another airline per departure (on a cost plus contract) it is no better than the brat kid in the MTV Sweet 16 show boasting how rich they are off their parents dime.

Wanna play with the grownups? Leave the Romper Crew Room and go work for an airline that doesn't leach off a mainline(s), at the cost of mainline pilot jobs.

This prick is talking crap and is working for Republic. Hello pot meet kettle

 

[Formula 1]

Do you even know what you are talking about?


"SkyWest is reimbursed by its major partners for fuel and certain other costs under its contract flying arrangements. For financial reporting purposes, these reimbursements are recorded as operating revenues. Excluding fuel cost reimbursements, total operating revenues for the first quarter of 2010 increased 7.6% to $577.1 million compared to $536.1 million for the same period last year. The increase was primarily the result of an increase in the number of block hours in contract flying and additional pro-rate flying."

Read the press release...

Not so in the new restructured agreements with Delta and United. United is requiring Skywest to come up with a fuel saving program and so far Skywest has come up short for United and that's from your system wide chief pilot. Delta's fee for departure has been dead for some time now. Your over burn it dose not come out from Mainline any more, it comes from your own bottom line. Why do you think United has those people with clipboards in ORD writing down out times? You don't have it so good anymore.

I remember getting $1600 Bonus Checks every quarter. Those were nice to get. Long gone are the $300 million quarters.

Don't kid yourself $70 million in fuel for one quarter is not covered by your contracts with Mainline. A 21% increase in fuel costs and you have lost your very impressive $15 million profit. That is all you earned is $15 million dollars! I would be very concern because 1st quarter has had the lowest energy costs in the last 2 years. Go look at the gas pump and tell me fuel has not gone up.

You need to reread your press release and actually look at and compare the numbers and do the math yourself. We'll see how you do next quarter.

 

[Popeye0537]

This prick is talking crap and is working for Republic. Hello pot meet kettle

Dum A$$ he works for US Scare Ways, get back to studying for your upgrade.