Earnings call

[russtgol]

Looks like XJT is still losing money for Skywest Inc.

 

[enuffalready]

there is absolutely nothing the pilots can do to change or fix this.

 

[Oakum_Boy]

Of course they'll make it look that way. Union pilots in union negoatiations are FUBARing everyone. Sure. If SkyWorst can't make ends meet, first thing is to fire the clowns in ATL and try again. Until then, no pay cuts. And even then.

 

[hou757]

One list.. One company and One heck of a profit..

 

[russtgol]

Of course they'll make it look that way. Union pilots in union negoatiations are FUBARing everyone. Sure. If SkyWorst can't make ends meet, first thing is to fire the clowns in ATL and try again. Until then, no pay cuts. And even then.

Aren't you in ATL?

 

[Knob]

We're LOOSING money due to bad wx....I can't figure out where it keeps going!

 

[777forever]

Looks like XJT is still losing money for Skywest Inc.

there is absolutely nothing the pilots can do to change or fix this.

Earnings call had a pretty good explanation.

ExpressJet incurred significant losses due to weather related cancellations from several winter storms that severely impacted at least one L-XJT hub. Planes being out of position due to the weather also led to many maintenance cancellations. Another factor for L-XJT's maintenance issue is a poor spare aircraft ratio that the company is working to alleviate.

ExpressJet has made tremendous progress since the merger and under normal conditions operates right at break-even. 50% of merger related synergies have been met. A good chunk of the remaining 50% is dependent on a JCBA for the labor groups. Management confident ExpressJet will continue to improve. Just an unlucky quarter mainly due to winter weather events

Skywest Airlines had a very good quarter. Their Q2 income doubled from last year due to significant improvement in their pro-rate flying contracts.

http://seekingalpha.com/article/1416041-skywest-s-management-discusses-q1-2013-results-earnings-call-transcript?part=single

 

[homerjdispatch]

We're LOOSING money due to bad wx....I can't figure out where it keeps going!

Better "tighten it up"

loose

/lus/ Show Spelled [loos] Show IPA adjective, loos?er, loos?est, adverb, verb, loosed, loos?ing.
adjective 1. free or released from fastening or attachment: a loose end.

2. free from anything that binds or restrains; unfettered: loose cats prowling around in alleyways at night.

3. uncombined, as a chemical element.

4. not bound together: to wear one's hair loose.

5. not put up in a package or other container: loose mushrooms


losing

/ˈlu

zɪŋ/ Show Spelled [loo-zing] Show IPA
adjective 1. causing or suffering loss.

 

[XPOO]

SkyWest Airlines - $8.8M Profit
ExpressJet - $5.57M Loss
SkyWest, Inc. - $3.23M Total Profit

 

[SkyNation]

don't worry, Nevets will be here to explain this all soon.....

 

[COOPERVANE]

Weird how all this "weather" mostly affects the Expressjet operation and no other regionals....I wonder why?

 

[JumpersAway]

I was just thinking the same thing! Why is every other airline (Skywest included) able to rebound, but we are not. I also get the impression management sees this year's winter weather as a one off phenomenon. I see this as the norm, and I see the need to fix an ineffective method of dealing with IROPS.

 

[Nevets]

don't worry, Nevets will be here to explain this all soon.....

What is there to explain? XJT and ASA were both losing money and then Skywest decided to buy XJT and merge it with ASA. So now the two merged airlines are losing money. I don't care if we are losing money anyway. I'm just curious to see how long they let this go before something is done about it.

 

[XPOO]

What is there to explain? XJT and ASA were both losing money and then Skywest decided to buy XJT and merge it with ASA. So now the two merged airlines are losing money. I don't care if we are losing money anyway. I'm just curious to see how long they let this go before something is done about it.

There's a reason it's called SkyWest, Inc. and not ExpressJet, Inc. Doesn't take a rocket scientist to figure out the end game.

 

[Nevets]

There's a reason it's called SkyWest, Inc. and not ExpressJet, Inc. Doesn't take a rocket scientist to figure out the end game.

Uh, you don't say? I don't know why it would be called Skywest Inc when it was Skywest Inc that bought ExpressJet Holdings. That doesn't make any sense at all!