Attention ASA pilots: Another 40 million quarter for SKYWEST

[BlueSideUp34]

Here's the link

http://www.skywest.com/invest/investor_releases/2006/Aug/SKYW_Earnings_2Q06.pdf


You know, if the company wants to drag this out, that's fine. Just let this quarterly earnings keep adding up. I'm not giving this place a dime.

Voted IN FAVOR...

 

[ASARJMan]

Here's the link

http://www.skywest.com/invest/investor_releases/2006/Aug/SKYW_Earnings_2Q06.pdf


You know, if the company wants to drag this out, that's fine. Just let this quarterly earnings keep adding up. I'm not giving this place a dime.

Voted IN FAVOR...

Full retro pay baby!

VOTED IN FAVOR!

 

[Erlanger]

One thing to remember, Skywest doesn't do retro. In spite of what the ASA MEC is saying, I understand they have dropped that in the talks. So when they send the new TA to the pilots, when ever that's going to be, don't expect retro to be part of it.

 

[sstearns2]

The total profit number is pretty meaningless. Profit margin is the number that really matters. I get a profit margin of 6.0% for the quarter. Good for an airline right now, but not that great for a mature business. I imagine the banks who hold the 2+ billion in loans and leases would start getting nervous if the profit margin were to get much lower and when they get nervous they want higher interest rates and then the margin gets even lower and things start to snowball. I belive this is why Brad and Jerry are being so tight with us and everyone and everything else. They're walking a fine line.

Scott

 

[strega7]

And it's amazing how many people don't understand that! Margin down=interest rate up=expenses up=margin even lower, repeat.

 

[ASARJMan]

Profit margin is the number that really matters. I get a profit margin of 6.0% for the quarter. Good for an airline right now, but not that great for a mature business. Scott

Profit margins have always been low in the airlines, even if they are mature. Think of all the money airlines waste fighting pilots, ie the CMR strike.

VOTED IN FAVOR!

 

[ASARJMan]

One thing to remember, Skywest doesn't do retro. In spite of what the ASA MEC is saying, I understand they have dropped that in the talks. So when they send the new TA to the pilots, when ever that's going to be, don't expect retro to be part of it.

Polling indicates ASA pilots want FULL retro. So the MEC takes their direction from the pilots and will fight for retro. End result may not be full retro, but there will be retro or the TA will be voted down.

VOTED IN FAVOR!

 

[Sinca3]

We will have retro as an option or it WILL get turned down.
Retro is the only tool left we have as a pilot group to keep this from happening on a regular basis....otherwise it will always take 4+ yrs to negotiate.
I talked to the MEC president and retro IS on the table.

 

["GO AROUND"]

One thing to remember, Skywest doesn't do retro. In spite of what the ASA MEC is saying, I understand they have dropped that in the talks. So when they send the new TA to the pilots, when ever that's going to be, don't expect retro to be part of it.

Then they can call it a signing bonus. I don't give a flip what they call it, Jerry assumed all that goes along with buying ASA and back pay for DAL stalling our negotiations is part of it.

You can guarantee it will not pass if there is no compensation for the 4 yr delay.

 

[MELIT]

Polling indicates ASA pilots want FULL retro. So the MEC takes their direction from the pilots and will fight for retro. End result may not be full retro, but there will be retro or the TA will be voted down.

VOTED IN FAVOR!

You guys will never get it. If you look at the big picture, you're not in it.

 

[soup can]

Polling indicates ASA pilots want FULL retro. So the MEC takes their direction from the pilots and will fight for retro. End result may not be full retro, but there will be retro or the TA will be voted down.

VOTED IN FAVOR!

Latest "rumor" I heard is no and retro no raise in return for Skywests pilot group to be stapled to the bottom of ASA's seniority list.

Don't shoot the messenger

 

[atrdriver]

The total profit number is pretty meaningless. Profit margin is the number that really matters. I get a profit margin of 6.0% for the quarter. Good for an airline right now, but not that great for a mature business. I imagine the banks who hold the 2+ billion in loans and leases would start getting nervous if the profit margin were to get much lower and when they get nervous they want higher interest rates and then the margin gets even lower and things start to snowball. I belive this is why Brad and Jerry are being so tight with us and everyone and everything else. They're walking a fine line.

Scott

Sorry, you are incorrect. The number that really matters is return on investment, and ASA is providing a tremendous return on investment.

 

[Firehoser]

Polling indicates ASA pilots want FULL retro. So the MEC takes their direction from the pilots and will fight for retro. End result may not be full retro, but there will be retro or the TA will be voted down.

VOTED IN FAVOR!

One poster used the phrase "management stooge" - what is that? Could we define that as a pilot who uncritically accepts everything management says as true? Could we define that person as blind to the failures, faults, manipulations of management? Could we define that person as someone who either doesn't have the capacity, or if they do, doesn't have the integrity to question the actions of management when they don't make sense or would end up hurting the company? If you agree with this definition then consider the quote above.....

Really!? Show me one poll our union has done where they have published the raw numbers. How do you know these numbers are in fact true - you don't. How many surveys has our union done and then kept the results secret? (Skywest pilots - are you listening?) I find it so fascinating that many of you see a conspiracy, lies, and manipulation in everything management does but you are blindly uncritical of the methods, half-truths, and the type and quality of the dissemination of information our union engages in. If you routinely and so blindly accept what the union puts out without critique - are you then union stooges?

 

[MELIT]

We will have retro as an option or it WILL get turned down.
Retro is the only tool left we have as a pilot group to keep this from happening on a regular basis....otherwise it will always take 4+ yrs to negotiate.
I talked to the MEC president and retro IS on the table.

Just because it's on the table does'nt mean it's gonna be eatin.

 

[Turkey Shoot]

I get a profit margin of 6.0% for the quarter. Good for an airline right now, but not that great for a mature business.

This is excellent for an airline, any airline. Profit margins have always been low for airlines. Goes with the business.

 

[sstearns2]

Sorry, you are incorrect. The number that really matters is return on investment, and ASA is providing a tremendous return on investment.

Return on investment mattered a great deal when financing the initial purchase of ASA, but it's really not significant when financing the next RJ or hangar project going forward. Profit margin is what the banks are primarily concerned with. They want to see that the new airplane is going to be operated at enough of a profit margin to make it a reasonably safe investment for them.

Assuming ASA provides 40% of Skywest Inc.'s profits, I get a return on investment of 14%. Good, but "tremendous"? I maintain that Skywest's purchase of ASA was a lot more about securing a long term Delta Connection contract than with return on investment from purchasing ASA.

Also, I was using the 2005 numbers instead of the 2006 numbers to get the profit margin in my previous post. The 2Q 2006 Skywest Inc. profit margin is 5.0%, the 2Q 2005 profit margin was 6%, so the profit margin is down 16% year over year.

Scott

 

[ASARJMan]

One poster used the phrase "management stooge" - what is that? Could we define that as a pilot who uncritically accepts everything management says as true? Could we define that person as blind to the failures, faults, manipulations of management? Could we define that person as someone who either doesn't have the capacity, or if they do, doesn't have the integrity to question the actions of management when they don't make sense or would end up hurting the company? If you agree with this definition then consider the quote above.....

Really!? Show me one poll our union has done where they have published the raw numbers. How do you know these numbers are in fact true - you don't. How many surveys has our union done and then kept the results secret? (Skywest pilots - are you listening?) I find it so fascinating that many of you see a conspiracy, lies, and manipulation in everything management does but you are blindly uncritical of the methods, half-truths, and the type and quality of the dissemination of information our union engages in. If you routinely and so blindly accept what the union puts out without critique - are you then union stooges?

Yes, yes, yes, yes, yes, yes ,yes, yes, yes yes, yes to all your asine questions above! You're NOT a union person, you're management slop is what yer are mate! We've been questioning, suggesting and writing RIFs for years but management doesn't want to hear it. We're just pilots ya know, front line employees. So, stuff it management puke!

VOTED IN FAVOR!

 

[ASARJMan]

Just because it's on the table does'nt mean it's gonna be eatin.

You too, management dribble puke! Back to your G/O cubicle and try to get some wrok done for Skywest Inc before you leave early today ok.

VOTED IN FAVOR!

 

[John Pennekamp]

I don't care about the profit margin. What interests me is $400 million in cash reserves.

They can afford to give us a contract with full retro and they will. Or it will cost the more than $500 million (the value of ASA).

 

[JoeMerchant]

I don't care about the profit margin. What interests me is $400 million in cash reserves.

They can afford to give us a contract with full retro and they will. Or it will cost the more than $500 million (the value of ASA).

Scary that people like you are now running the union....... What is the value of ASA's gates and flying if it is done without ASA pilots?......

 

[Bizjet]

Scary that people like you are now running the union....... What is the value of ASA's gates and flying if it is done without ASA pilots?......

Posted by Joey the sorriest elected office holder to ever hold an elected position. If you are so experienced in ALPA work why have you not been asked to be MEC Chairman or Vice Chairman? Oh, I forgot that your GF tried the Vice Chair position and couldn't handle it so you knew you couldn't possibly be successful if Mommy couldn't handle it. Poor little Johnny!:crying: :crying: in his :beer: . :laugh: :laugh: :laugh:

 

[indianboy7]

I don't care about the profit margin. What interests me is $400 million in cash reserves.

They can afford to give us a contract with full retro and they will. Or it will cost the more than $500 million (the value of ASA).

Has anybody ever heard about saving for a rainy day?? Uncle Jerry is doing good by saving this money at a time when things are still pretty uncertain. If he did blow his load on retro pay, etc. etc., there would be no reserve if we lost a contract or something else happened. Not to mention growth would come to a grinding halt. Banks like to see that the person they're lending to actually has the money in their pocket to pay them back. No money=no airplanes=your profit margins don't matter any more. I'm not a management lacky, but in this case, I think we should wait and see what uncle jerry and his kids have under their sleeves.

 

[ASARJMan]

Scary that people like you are now running the union.......

Alot better than the likes of you and your older gf! Guess she got that message when she 'resigned', huh Joey?Now you have this obsession of discreduting the former MEC Chair. Well, go right ahead Joey, have at it. BTW, he did retire , you know, but I guess you still won't give up on it. Someone like BA put you and your older gf in their place, and you just can't handle it, almost a year or more later. You're both little spoiled brats from well off families and used to getting your way. Well, welcome to reality Joey.

VOTED IN FAVOR!

 

[John Pennekamp]

Scary that people like you are now running the union....... What is the value of ASA's gates and flying if it is done without ASA pilots?......

Joey, my days of running the union are long gone. Have been for years.

You on the other hand are still an elected officer. Why did you skip the LEC meeting the other day? Don't you dare lecture us on the union's leadership when you won't even do the job you took, SPORT!

 

[Bizjet]

Joey, my days of running the union are long gone. Have been for years.

You on the other hand are still an elected officer. Why did you skip the LEC meeting the other day? Don't you dare lecture us on the union's leadership when you won't even do the job you took, SPORT!

Joey always accuses those who post against his demented anti-ALPA, ANTI-MEC rants as being union officers. I don't think any Union Officer even post or reads this drivel we all engage in. They are far too busy representing our pilots. Little Joey on the other hand has plenty of time since he doesn't do his job as LEC 112 Sec/Treas. Perhaps he has other duties to perform for management than just posting his drivel here. He is also a slum lord maybe that takes most of his time??

 

[John Pennekamp]

Joey always accuses those who post against his demented anti-ALPA, ANTI-MEC rants as being union officers. I don't think any Union Officer even post or reads this drivel we all engage in. They are far too busy representing our pilots. Little Joey on the other hand has plenty of time since he doesn't do his job as LEC 112 Sec/Treas. Perhaps he has other duties to perform for management than just posting his drivel here. He is also a slum lord maybe that takes most of his time??

Oh, go aske Newie and the rest. They read it, but don't engage because they have better things to do. Unlike JB, they actually are doing work for the ASA pilots.

 

[ASA_Willy]

...
Also, I was using the 2005 numbers instead of the 2006 numbers to get the profit margin in my previous post. The 2Q 2006 Skywest Inc. profit margin is 5.0%, the 2Q 2005 profit margin was 6%, so the profit margin is down 16% year over year.

Scott

Huh??? You're using after tax net income to compute a "profit margin"??? Please put the calculator down and learn something about business accounting before you start trying to present yourself as an expert (not that Willy is one, but geez!).

Same goes for the fellow who earlier in the thread said that JA is smart because he is saving his cash reserve for a rainy day (and the other one who wants to use it to pay for pilot wage increases). With a quarterly debt service of $28M its pretty clear that the $400M in reserve is more than offset by debt.

 

[sstearns2]

Huh??? You're using after tax net income to compute a "profit margin"??? Please put the calculator down and learn something about business accounting before you start trying to present yourself as an expert (not that Willy is one, but geez!).

Same goes for the fellow who earlier in the thread said that JA is smart because he is saving his cash reserve for a rainy day (and the other one who wants to use it to pay for pilot wage increases). With a quarterly debt service of $28M its pretty clear that the $400M in reserve is more than offset by debt.

I think you'll find that people take you a lot more seriously if you are not degrading toward other people.

I don't claim to be an expert at much of anything. The point of my post is that Skywest inc.'s margins, however you choose to calculate them, are not very large and are getting smaller and that's why Jerry's being so tight with everything. He has always run the company in a very financially conservative way and that has brought himself, Skywest Airlines, and all us a lot of reward in the long term.

Scott

 

[wms]

One thing to remember, Skywest doesn't do retro. In spite of what the ASA MEC is saying, I understand they have dropped that in the talks. So when they send the new TA to the pilots, when ever that's going to be, don't expect retro to be part of it.

Since when has Skywest had a genuine contract negotiation? Retro pay has never been an issue to them because it was never put to them as a condition in a negotiation.

 

[wms]

This is excellent for an airline, any airline. Profit margins have always been low for airlines. Goes with the business.

The previous margin was 13%. Great in any industry.