Major fleet changes for SkyWest and XJT, PR Newswire

[General Lee]

SkyWest, Inc. Announces Fleet and Contract Updates
SkyWest Airlines to Transition to All-Jet Fleet
PR Newswire SkyWest, Inc. 18 hours ago
ST. GEORGE, Utah, Nov. 17, 2014 /PRNewswire/ -- SkyWest, Inc. (SKYW) today announced fleet transitions and contract updates designed to improve SkyWest's overall efficiency and long-term profitability. Specifically, SkyWest announced that SkyWest Airlines, Inc., its wholly-owned subsidiary ("SkyWest Airlines"), intends to transition to an all-jet fleet by removing all remaining 30-seat Embraer 120 Brasilia turboprop aircraft (the "EMB 120s") from service by summer 2015. The EMB 120 fleet retirement comes, in part, in response to increased costs and additional challenges associated with new FAR117 flight and duty rules, implemented in January 2014.

Separately, SkyWest announced that ExpressJet Airlines, Inc., its wholly-owned subsidiary ("ExpressJet Airlines"), has executed an agreement with United Airlines, Inc. ("United") to reduce the term of the existing 50-seat ERJ145 contract between ExpressJet and United from November 2020 to December 2017. ExpressJet Airlines anticipates the reduction in the ERJ145 operations will improve its overall operational reliability and financial results.

As a result of the decision to remove the EMB 120 aircraft from service by June 2015 and as a result of the reduced term to operate the ERJ145 aircraft, SkyWest, Inc. anticipates recording pre-tax special charges (primarily non-cash) ranging from $55-70 million in Q4 2014.






Bye Bye---General Lee

 

[SoberIrishman]

I'm so glad you took the time to let us know this. Very much appreciated.
I am however quite shocked you didn't add some of your "words of wisdom" to go along with it.

 

[General Lee]

I'm so glad you took the time to let us know this. Very much appreciated.
I am however quite shocked you didn't add some of your "words of wisdom" to go along with it.

Well, nobody else posted it and it looks pretty important. Good luck to all involved.



Bye Bye---General Lee

 

[SoberIrishman]

Absolutely not. Just positioning the ERJ side for better profitability. Contracts will be better short term at least.

 

[Freebrd]

I am however quite shocked you didn't add some of your "words of wisdom" to go along with it.

Don't be shocked. It's coming.

Of course this was already known and hopefully will benefit us at XJT.

 

[SkyNation]

Why SkyWest (SKYW) Could Be Positioned for a Surge?
Zacks By Zacks Equity Research
13 hours ago00
SkyWest Inc. (SKYW) is a Utah based regional airlines that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SKYW’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that SkyWest could be a solid choice for investors.

Current Quarter Estimates for SKYW

In the past 30 days, 2 estimates have gone higher for SkyWest while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 10 cents today, a move of 100%.

Current Year Estimates for SKYW

Meanwhile, SkyWest’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rebounding from a loss of 10 cents per share 30 days ago to a gain of 15 cents per share today.

Bottom Line

The stock has also started to move higher lately, adding 34.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

 

[General Lee]

Why SkyWest (SKYW) Could Be Positioned for a Surge?
Zacks By Zacks Equity Research
13 hours ago00
SkyWest Inc. (SKYW) is a Utah based regional airlines that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SKYW?s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that SkyWest could be a solid choice for investors.

Current Quarter Estimates for SKYW

In the past 30 days, 2 estimates have gone higher for SkyWest while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 10 cents today, a move of 100%.

Current Year Estimates for SKYW

Meanwhile, SkyWest?s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rebounding from a loss of 10 cents per share 30 days ago to a gain of 15 cents per share today.

Bottom Line

The stock has also started to move higher lately, adding 34.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

Will any of the above translate into raises for the pilot group? Will extra profits mean profit sharing? Delta's employees will get 15-20% of their W2 in a profit sharing check (actually two checks, but equaling about 2 months EXTRA pay). Were the employees given shares or options in SKW? The DL/NW pilots were all given shares in the joint contract after the merger. All of the pilots got between 3,000 and 4000 shares, at about $5 each back then. Now it's at around $40 a share...

If the above doesn't help the employees, who cares? Warren Buffet, maybe. Push for better pay and benefits, and get a real union.



Bye Bye---General Lee

 

[RJLoser]

How do you and your fellow Skywest employees feel about this GL?

 

[General Lee]

How do you and your fellow Skywest employees feel about this GL?

Don't you have another RJ to lav dump? You probably are bad at that job too. You really are a loser.


Bye Bye---General Lee

 

[RJLoser]

Don't you have another RJ to lav dump? You probably are bad at that job too. You really are a loser.


Bye Bye---General Lee

You're losing your edge. I expected better.