Of the carriers that you mentioned, Comair has much higher rates, PSA has a blended rate, Pinnacle has an 8-year old contract that has been in Section 6 for two years, and Mesa is about to go into Section 6 this year. The ALPA proposal for 70-seat rates at ASA is more than fair, and I would say even a bit lower than I would accept if I was an ASA pilot.
I agree I was not happy when I saw the 700 rate that low! The 50 is done with it's all going to be 70 seat and larger and some new turbo-prop that is where the growth will be.
In other news this just came out:
CHICAGO, Feb 7 (Reuters) - SkyWest Inc. (SKYW.O:
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on Wednesday its fourth-quarter earnings fell 19.3 percent because of airport closings related to bad weather.
Net profit fell to $31.2 million, or 48 cents per share, from $38.7 million, or 64 cents per share, in the year-ago period.
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During the quarter, Denver International Airport closed for two days due to snow, forcing SkyWest to cancel nearly all of its Denver flights. The company estimated it canceled about 2,850 flights because of the stormy weather.
The earnings were in line with the company's profit warning on Jan. 15 when it said it would earn between 44 cents and 50 cents per share. Wall Street analysts, on average, expected SkyWest to earn 46 cents per share, according to Reuters Estimates.
Revenue rose 6.4 percent to $789.6 million.
The company, based in St. George, Utah, operates SkyWest and Atlantic Southeast Airlines, which it acquired last year from Delta, as wholly-owned subsidiaries.
SkyWest ended the quarter with $651.9 million in cash and marketable securities.