Sigh....
ASA is getting flying because SkyWest negotiated provisions in their asset purchase agreement that sets the floor on how little flying Delta has to buy.
As Delta reduces domestic capacity they are forced to reduce flying with airlines that do not have the favorable contract standing SkyWest enjoys. That even means reducing their own airline, Comair.
This is not "new growth." Quite the opposite. If they had a choice, they wouldn't. But with the ATR going away ASA may have fallen below the contractual minimums.
Performance numbers have to do with how much bonus money SkyWest recieves, in addition to, the minimum contract rates. Performance numbers might have some relevance at contract renewal time, but if you look at past history, they have not when it concerns ASA.
- Sigh