SKYW 2012 Q2 Earnings

[centralpilot]

The failure in logic is blaiming Skywest Inc. for majors squeezing their regionals and not paying as much for regional feed. That isn't the fault of Skywest.

Fair enough, but you asserted that if one believes SKYW was at fault for XJT's problems, they MUST also believe SKYW is at fault for other airlines' problems. That is simply nonsense. The situation with XJT is not directly comparable and your assertion is illogical.

 

[dbchandler1]

All Skywest did was speed up a process that had already started.

 

[Nevets]

Nevets that was exactly what INC management wanted to do. Hostile takeover didn't work so they financially broke the back of Expressjet and got what they wanted.

Yeah, plan A didn't work (long shot) but plan B did. And they probably had plan C and D as well.

You can blame whoever you want but your financial position was pre-bankruptcy

It's not about blame, just stating facts that this was partly Skywest's doing.

Why do you keep blaiming Skywest for the fact that majors aren't paying as much for CPAs as they used to. The market has changed, and the lucrative CPAs that we were all used to are gone forever. Skywest Inc. would love for those agreements to come back.

Why was Pinnacle and Eagle losing money? Did Skywest "break" them too?

I think many LXJT pilots are living in the past.

The only reason XJT's CPA with CAL started losing money is because CAL used Skywest to whipsaw XJT. No, blame, just stating fact. If people don't want to live in the past, then they should stop bringing it up to begin with.

I have no idea about eagle, pinnacle, or anyone else. I wasn't in the room for those.

You and Nevets say that Skywest Inc. did this to XJT so they could buy them. You both say that it is Skywests fault that they were about to fail. If you are going to blame their impending failure on another company, then you must also believe that someone else caused Pinnacle and Eagle to fail.

No one is talking about eagle or pinnacle in this thread. It is completely irrelevant and your correlation lacks any thought. It's baseless. Why don't we just stop with the straw man arguments because that's exactly what your correlation is.

The failure in logic is blaiming Skywest Inc. for majors squeezing their regionals and not paying as much for regional feed. That isn't the fault of Skywest.

Every regional is getting the screws put to them and ExpressJet was no different.

The fact is, they were failing as is just about every regional in the industry. How you can blame Skywest for that is beyond me and seems to be a failure in logic.

Because Skywest got paid $9 million by CAL to come in and look at XJT's books and make a buyout offer that included not only synergy cost and economies of scale savings but also 16% concessions, 700 furloughs, and Skywest operating 25 ERJs with Skywest pilots (they were going to offer preferential interviews to the furloughed). Then CAL told XJT, give us a deal as good or better than Skywest or we cancel ALL your flying. XJT literally signed the CPA Skywest had negotiated with CAL. That is textbook classic whipsaw.

Dude you need to step away from your crack pipe.... With said I work at Skywest and yes Skywest sunk the final nails into XJT before buying them by forcing them into taking less margins with the CAL CPA. I'm sorry your world is filled with fairy tales but INC management was after XJT and they very well could be after AE and 9e but do I blame INC for these companies failing past business practices.....NO!

Exactly! Obviously they have very shrewd people working for Inc.

 

[Clutch]

ad nauseum

 

[Freebrd]

+1

Almost rather hear 777 or Jenny Leigh bs

 

[ASADriver]

Seriously. Nevets you are a broken record. Go ahead and keep blaming Skywest for all your problems. I for one am glad to be on the Skywest bus. The other buses don't look so good right now. Keep biting the hand that feeds you and let me know how that works for ya.

 

[Iflyamouse]

Look out now! The ERJ guys are going to demand a 50% raise!

$17M sounds like a lot to guys like us, but the fact is $937M had to be brought in to generate that $17M. That's a whoppin' 1.8% profit margin. You go ask anyone you know who owns their own business and ask them if their business would survive on a 1.8% profit margin.

My guess is they would ALL find something else to do.

 

[ASADriver]

^^^^^^^THIS^^^^^^^^^^^^

Nevets will still blame everything on Skywest.

 

[Dannone]

Actually any business would survive forever at 0 percent profit margin. Profit is the money you have left over after paying all your expenses. Those expenses include those required to grow the business in the future. As long as you were able to continue to make 1.8 percent every year you would continue to have more money in the bank at the end of the year then at the beginning of the year. What would make you go out of business? Now, if you followed that up with losses, then you would likely be in trouble. Never heard of a copmany that went out of business for not having enough profit!!

 

[COOPERVANE]

Actually any business would survive forever at 0 percent profit margin. Profit is the money you have left over after paying all your expenses. Those expenses include those required to grow the business in the future. As long as you were able to continue to make 1.8 percent every year you would continue to have more money in the bank at the end of the year then at the beginning of the year. What would make you go out of business? Now, if you followed that up with losses, then you would likely be in trouble. Never heard of a copmany that went out of business for not having enough profit!!

Wow....just...............wow

 

[CTS]

You guys crack me up...

In your very simple example maybe a small home based business could survive at no profit where capital improvements are never needed or R&D is not required. Certainly not a publicly traded company. Businesses rely on profits to buy new inventory, expand operations and finance product development. Without profit, a business would stagnate and risk losing its market share to other competitors. Large businesses need to raise profits to keep share prices high and pay dividends to shareholders. If a large business does not generate a profit, its share price falls, which means it cannot raise as much money with share sales and cannot borrow from banks as easily. Companies with falling share prices often become the targets of hostile takeovers by rival firms. Sound familiar?

 

[SkyNation]

lets just put an end to this so Nevets can get back to spankin to his ALPA mag:

Express Jet is the greatest regional there ever was, is, or will be.
An angel came down from heaven and blew pure sunshine up the tailpipe of every XJ pilot upon being hired. They are without flaw.
The performance, looks, and economics of every XJ aircraft are second to none. Every market they flew, under every condition, was perfectly thought out and executed.
The 1980s Miami Dolphins color scheme was the greatest idea. Ever.
The stand alone operation was the 2nd greatest, but only barely.
Every awesome thing XJ and it's pilots ever did (which is impossible to count) was corrupted by SkyWest, it's pilots, moon spots, two horned Unicorns (bastards!), and Gargamel from the Smurfs. If it weren't for these conspiring forces, XJ would now rule the world of aviation on the whole earth and most of the moon (woulda completed market domination there early 2013 if not for Jerry Atkin).

there

 

[Dannone]

Those go into the expenses. If, after you expense improvements, research and so forth you make a 1.8% profit you will be fine!!! You don't think those things are accounted for? I repeat, coopervane, if you make a 1.8% profit every quarter from now until the end of time, you will wind up with more money every quarter than you started with!!!!!! So take your wow and stick it!!!!

 

[WAVIT Inbound]

lets just put an end to this so Nevets can get back to spankin to his ALPA mag:

Express Jet is the greatest regional there ever was, is, or will be.
An angel came down from heaven and blew pure sunshine up the tailpipe of every XJ pilot upon being hired. They are without flaw.
The performance, looks, and economics of every XJ aircraft are second to none. Every market they flew, under every condition, was perfectly thought out and executed.
The 1980s Miami Dolphins color scheme was the greatest idea. Ever.
The stand alone operation was the 2nd greatest, but only barely.
Every awesome thing XJ and it's pilots ever did (which is impossible to count) was corrupted by SkyWest, it's pilots, moon spots, two horned Unicorns (bastards!), and Gargamel from the Smurfs. If it weren't for these conspiring forces, XJ would now rule the world of aviation on the whole earth and most of the moon (woulda completed market domination there early 2013 if not for Jerry Atkin).

there

Best post in a long, long, time! *CLAP CLAP CLAP*

 

[crazy8]

lets just put an end to this so Nevets can get back to spankin to his ALPA mag:

Express Jet is the greatest regional there ever was, is, or will be.
An angel came down from heaven and blew pure sunshine up the tailpipe of every XJ pilot upon being hired. They are without flaw.
The performance, looks, and economics of every XJ aircraft are second to none. Every market they flew, under every condition, was perfectly thought out and executed.
The 1980s Miami Dolphins color scheme was the greatest idea. Ever.
The stand alone operation was the 2nd greatest, but only barely.
Every awesome thing XJ and it's pilots ever did (which is impossible to count) was corrupted by SkyWest, it's pilots, moon spots, two horned Unicorns (bastards!), and Gargamel from the Smurfs. If it weren't for these conspiring forces, XJ would now rule the world of aviation on the whole earth and most of the moon (woulda completed market domination there early 2013 if not for Jerry Atkin).

there

I'm sure every Mesaba pilot is flattered.

 

[Nevets]

Seriously. Nevets you are a broken record. Go ahead and keep blaming Skywest for all your problems. I for one am glad to be on the Skywest bus. The other buses don't look so good right now. Keep biting the hand that feeds you and let me know how that works for ya.

Its not blaming if I'm stating truth. It's just the reason why it happened. Skywest has very shrewd people working for them and they did their fiduciary responsibility. But when someone states half truths or right out untruths, I will post what I know to be fact to refute it. Just because we are better off now doesn't mean we shouldn't be treated with "dignity and respect" like they always preach.

^^^^^^^THIS^^^^^^^^^^^^

Nevets will still blame everything on Skywest.

What does profit margin have to do with what I said? I havent commented at all on profit margin, revenue, etc.

 

[SkyNation]

lets just put an end to this so Nevets can get back to spankin to his ALPA mag:

Express Jet is the greatest regional there ever was, is, or will be.

An angel came down from heaven and blew pure sunshine up the tailpipe of every ExpressJet pilot upon being hired. They are without flaw.

The performance, looks, and economics of every ExpressJet aircraft are second to none. Every market they flew, under every condition, was perfectly thought out and executed.

The 1980s Miami Dolphins color scheme was the greatest idea. Ever.

The stand alone operation was the 2nd greatest, but only barely.

Every awesome thing ExpressJet and it's pilots ever did (which is impossible to count) was corrupted by SkyWest, it's pilots, moon spots, two horned Unicorns (bastards!), and Gargamel from the Smurfs. If it weren't for these conspiring forces, ExpressJet would now rule the world of aviation on the whole earth and most of the moon (woulda completed market domination there early 2013 if not for Jerry Atkin).

there
.
.
.
.
.
.
.
.
.
.
.
.
fixed it
.
.
.
.
.
.
.
.
.
(apologies to XJ dudes)

 

[Nevets]

Face it guys, XJT was whipsawed by Skywest. That is ALL I'm saying. You ASA guys shouldnt be taking it personal. It's NOTHING against you guys.

 

[ASA_Aviator]

Face it guys, XJT was whipsawed by Skywest. That is ALL I'm saying. You ASA guys shouldnt be taking it personal. It's NOTHING against you guys.

So what? There's a reason there's the saying, "it's business, not personal." as long as there has been capitalism, there have been whipsaws. Skywest saw a weakness, and an ability to gain a competitive edge, and they took it.

If XJT had been a thriving and healthy company, the whipsaw would have been impossible to pull off.

 

[Nevets]

So what? There's a reason there's the saying, "it's business, not personal." as long as there has been capitalism, there have been whipsaws. Skywest saw a weakness, and an ability to gain a competitive edge, and they took it.

If XJT had been a thriving and healthy company, the whipsaw would have been impossible to pull off.

Actually, it didn't matter because CAL held the strings from the very beginning. They wrote the CPA and they pulled every trigger in it at precisely the timeline they wrote into the CPA. In hindsight, this was their plan all along. The only thing that was happenstance was Skywest being the best entity to be in a position to buy XJT. The only thing I take personal is them telling us one thing (contract) and then doing something else. The actual whipsaw is not in that category, that was just business on the part of upper Skywest management. But at least we are making progress and not all denying that it happened or continues to happen. We are all pawns in the whipsaw game and I feel that we should all try to mitigate that among professional airline pilots.