Skywest Earnings

[COOPERVANE]

So, anybody listen? I heard about a 13 million profit. What was the profit margin????

Do I get my $39.00 P+ check or what?

 

[AntiJedi]

St. George, Utah—SkyWest, Inc. ("SkyWest") (NASDAQ: SKYW) today reported net income of $13.9 million, or $0.27 per diluted share, for the quarter ended December 31, 2012, compared to a net loss of $(18.0) million, or $(0.35) per diluted share, for the same period last year.

But Wall St. didn't care. All they saw was that SKYW didn't take in as much revenue this quarter compared to previous quarters, and the stock took a nosedive.

 

[777forever]

So, anybody listen? I heard about a 13 million profit. What was the profit margin????

Do I get my $39.00 P+ check or what?

XJT subsidiary numbers weren't disclosed, except for the fact that there was an $88 million turnaround in expenses year over year.

But Wall St. didn't care. All they saw was that SKYW didn't take in as much revenue this quarter compared to previous quarters, and the stock took a nosedive.

Just about every airline stock took a dive today.

Sent from my HTC One X+ using Tapatalk 2

 

[Baronman]

Just about every airline stock took a dive today.

Exactly...The whole sector was down.

 

[XPOO]

I can't disclose exact numbers, but I can tell you that OO brought in the lion's share of the profit. EV did turn a profit, but very miniscule.

 

[Knob]

Thats because your "cost competitive" & "onboard"

 

[Erlanger]

I can't disclose exact numbers, but I can tell you that OO brought in the lion's share of the profit. EV did turn a profit, but very miniscule.

Don't know why you can't.
Here it is;
SkyWest profit = $11,891,650.37 = 82.7%
ASA/ExpressJet profit = $2,054,309.63 = 17.3%

 

[JustaNumber]

Don't know why you can't.
Here it is;
SkyWest profit = $11,891,650.37 = 82.7%
ASA/ExpressJet profit = $2,054,309.63 = 17.3%

It would be interesting to see the ASA/ExpressJet profit broken down more.

 

[Erlanger]

It would be interesting to see the ASA/ExpressJet profit broken down more.

SkyWest profit per flight: $74.11
ASA/ExpressJet profit per flight: $10.38

 

[mtsupilot376]

SkyWest profit per flight: $74.11
ASA/ExpressJet profit per flight: $10.38

Flights/quarter?

 

[Oakum_Boy]

We had a massive rate reduction that I'm quite sure SkW did not suffer.

 

[79%N1]

We had a massive rate reduction that I'm quite sure SkW did not suffer.

And another one coming in '15.

 

[mtsupilot376]

Flights/quarter?

What a meant was, how did you calculate those numbers? How many flights did we fly in the last quarter, etc? Just curious.

 

[Jeepman]

SkyWest profit per flight: $74.11
ASA/ExpressJet profit per flight: $10.38

I think he meant ExpressJet Profit vs. ASA profit. Given that they have supposedly merged that may be a hard number to find.

 

[XPOO]

Don't know why you can't.
Here it is;
SkyWest profit = $11,891,650.37 = 82.7%
ASA/ExpressJet profit = $2,054,309.63 = 17.3%

You can, I'm not

 

[IFLYASA]

SkyWest profit per flight: $74.11
ASA/ExpressJet profit per flight: $10.38

Looks the LXJET side is pulling us down.

 

[crazy8]

Looks the LXJET side is pulling us down.

Nice trolling...Care to back that statement up with hard numbers?

 

[WAVIT Inbound]

Don't know why you can't.
Here it is;
SkyWest profit = $11,891,650.37 = 82.7%
ASA/ExpressJet profit = $2,054,309.63 = 17.3%

You mean these numbers? ^

 

[crazy8]

You mean these numbers? ^

Noooooo... I mean the numbers that show the difference in LXJT earnings vs. LASA numbers. Those numbers show the combined airline.

 

[pilotnbr1]

I too am curious where money is being made or lost. For myself these numbers are interesting because Skywest Inc's trend is now towards greater profitability. It makes little sense for them to ask or expect concessions from us when we are profitable even if those profit margins are in the single digits. I am not going to give up pay and QOL to pad stockholder's pockets...

However you should ask yourself why you want those numbers for each operation. If you are trying to gauge who is more efficient, deserving, valuable, right, wrong, or are just looking for ammunition against "the other side" this is an apples to oranges comparison. Skywest, LXJET, and LASA are totally different operations operating under very different contracts. Skywest Inc has different profit margin targets for each operation due to the contracts they have agreed to.