ExpressJet $10 million concessions?

[Speedtape]

I believe within the life of the contract? 3 years?


Bye Bye---General Lee

Nope--the restriction is triggered at a specific event--that may or may not happen, even in the life of your contract.

 

[Speedtape]

It's when the final 70th 70 seater shows up after the last 717 hits the line

Sent from my HTC One X+ using Tapatalk 2

Close, but not precisely.

 

[General Lee]

Nope--the restriction is triggered at a specific event--that may or may not happen, even in the life of your contract.

It may happen before the 3 years are up. Bombardier will take 60, and DL is considering an order within the next couple years for 24-30 737s or A320s (not NEOs), but a caveat is the manufacturer has to take 50 seaters too. It looks like DL is actively looking for places to dump them as soon as possible.


Bye Bye---General Lee

 

[sinkrate]

I heard something funny today. Apparently, someone was raving about DAL trying to buy XJet back. Allegedly in September, DAL approached JA for the purchase, but SkyWest Inc. turned them down. I'm sure we would have been run through the financial wringer just the same as PCL if that was to actually transpire. I'm curious to know why SkyWest Inc. decided to hold onto us.

Just speculation .... The service agreement with Delta must be profitable. Perhaps Delta was trying to buy ASA back so they could downsize the 200 fleet and get out of an agreement that is a money loser for Delta. If Skywest didn't sell it was because Delta would not pony up enough and/or they have plans for the certificate/people that don't involve Delta. I suspect both.

 

[Plainsman]

Looks like SKywest made the 10 million they were after, with a little over 3 million to boot! What a bunch of Passwhole's in St. George.
ST. GEORGE, Utah, Feb. 14, 2013 — /PRNewswire/ -- 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

Read more here: http://www.heraldonline.com/2013/02...c-announces-fourth-quarter.html#storylink=cpy​

 

[JumpersAway]

Looks like SKywest made the 10 million they were after, with a little over 3 million to boot! What a bunch of Passwhole's in St. George.
ST. GEORGE, Utah, Feb. 14, 2013 — /PRNewswire/ -- 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

Read more here: http://www.heraldonline.com/2013/02...c-announces-fourth-quarter.html#storylink=cpy​

This will completely change with the Delta rate reset in just over a year. Keep in mind that DAL is leveraging PCL in order to force SkyWest Inc. to accept less money per block hour flown in the Delta schedule.

 

[Oakum_Boy]

Pathetic. Pinnacle pilots, thank you for setting the bar by an overwhelming margin. Thank you, thank you. If you attempt to slide by my cockpit on the way to your cabin flow-back seat, I will boot you off the plane.

 

[gojo]

Pathetic. Pinnacle pilots, thank you for setting the bar by an overwhelming margin. Thank you, thank you. If you attempt to slide by my cockpit on the way to your cabin flow-back seat, I will boot you off the plane.

Cool, let's see how that turns out. How about posting your name now so I can be ready mr anonymous Internet tuff guy. Pathetic is what you are

 

[Oakum_Boy]

Cool, let's see how that turns out.

Yes, let's. And to be clear, I'm talking about failing to check in with the flight deck crew when jumpseating. If you're non-rev, enjoy your flight. I'll buy you a snack.

 

[gator_hater]

Looks like SKywest made the 10 million they were after, with a little over 3 million to boot! What a bunch of Passwhole's in St. George.
ST. GEORGE, Utah, Feb. 14, 2013 — /PRNewswire/ -- 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

Read more here: http://www.heraldonline.com/2013/02...c-announces-fourth-quarter.html#storylink=cpy​

Silly me, here I thought the goal of a company was to make profit to share with owners and to reinvest. I did not realize we should only be trying to break even.