Skyw 2012 q1 earnings

[XPOO]

SKYW 2012 Q1 Earnings

Press release here.

Highlights:

• Recorded approximately $30.1 million in additional revenues related to increased block hour production, improved utilization and ground handling contracts
• Reduction of $4.6 million in prorate flying loss
• Recorded an additional $5.7 in United CRJ 200 engine overhaul costs
• Recorded an additional $3.8 million in employer benefit costs
• Recorded an additional $4.1 million of loss attributable to SkyWest's minority investments in Trip Linhas Aereas ("TRIP") and Mekong Aviation Joint Stock Company ("Air Mekong")

$0.7M loss this quarter, down from $11.1M loss the previous quarter

 

[777forever]

Getting better. TRIP and Air Mekong been killing them recently

 

[Baronman]

A 700K loss on close to a billion in revenue for the quarter isn't too shabby. I'm sure they could have adjusted the accounting to show a small net profit if they had wanted to.

 

[777forever]

A 700K loss on close to a billion in revenue for the quarter isn't too shabby. I'm sure they could have adjusted the accounting to show a small net profit if they had wanted to.

Negative unless you want to get in an Enron type situation.

Sent from my GT-I9100 using Tapatalk

 

[goahead]

Looks like we're on the "PATH TO PROSPERITY!!!!!"

 

[urflyingme?!]

I like how ALL of the losses are due to their crazy ass ideas. Better cut some pilot pay though.

 

[asayankee]

Yeah... Crazy ass ideas and prepaying engine costs and $50-60 million in hull prepayments. They'd have a pretty nice profit/higher cash on hand if they didn't pay stuff ahead of time every quarter. Might be a fairly smart business move but I wonder how the stockholders feel about share price that has gone from $24 a few years ago to about $8 now?

 

[skyman50]

Yeah... Crazy ass ideas and prepaying engine costs and $50-60 million in hull prepayments. They'd have a pretty nice profit/higher cash on hand if they didn't pay stuff ahead of time every quarter. Might be a fairly smart business move but I wonder how the stockholders feel about share price that has gone from $24 a few years ago to about $8 now?

They love it!!! That's why they have been buying back their stocks

 

[Skywest Pylot]

Press release here.

Highlights:

• Recorded approximately $30.1 million in additional revenues related to increased block hour production, improved utilization and ground handling contracts
• Reduction of $4.6 million in prorate flying loss
• Recorded an additional $5.7 in United CRJ 200 engine overhaul costs
• Recorded an additional $3.8 million in employer benefit costs
• Recorded an additional $4.1 million of loss attributable to SkyWest's minority investments in Trip Linhas Aereas ("TRIP") and Mekong Aviation Joint Stock Company ("Air Mekong")

$0.7M loss this quarter, down from $11.1M loss the previous quarter

If you want to see where SkyWest is headed, look no further than Mesa. J.O. and Chip (and Jerry, the puppet master) have a very similar M.O. Any innovation and forward thinking went away with Ron Rebber. They could eliminate some large overhead costs by merging the 3 companies (SkyWest, Expressjet, ASA) but management is too stubborn about the union thing. They will reap what they sew.

 

[NWaviator]

A 700K loss on close to a billion in revenue for the quarter isn't too shabby. I'm sure they could have adjusted the accounting to show a small net profit if they had wanted to.

I agree, if they wanted to show a profit they can. They can pay down less debt for the quarter and other stuff. In the whole SKW business they could trim something to show a profit. They are after you guys to think this are dire and a pay cut or freeze is in order to survive.
Isn't $700,000 about 27 CA pay and 28 FO pay for you guys?

 

[bmpilot2003]

I agree, if they wanted to show a profit they can. They can pay down less debt for the quarter and other stuff. In the whole SKW business they could trim something to show a profit. They are after you guys to think this are dire and a pay cut or freeze is in order to survive.
Isn't $700,000 about 27 CA pay and 28 FO pay for you guys?

No that's about chip's 38% raise!

 

[Redan]

It's about half of what the SureJet debacle cost.

 

[Full of LUV]

It's about half of what the SureJet debacle cost.

ExpressJet... Independance Air..... RAH/Frontier....

Seems like every subcontractor wants to become a brand eventually, problem is it's much more complicated when you sell your own tickets, and not just run a wet lease operation.

 

[007]

ExpressJet... Independance Air..... RAH/Frontier....

Seems like every subcontractor wants to become a brand eventually, problem is it's much more complicated when you sell your own tickets, and not just run a wet lease operation.

Not what he meant by SureJet. The real story is much funnier.

 

[COOPERVANE]

Not what he meant by SureJet. The real story is much funnier.

And pathetic.........

And sad.......

Think Rednecks running the space program and you get an idea of their skill level.

 

[Gr82Aviate]

And pathetic.........

And sad.......

Think Rednecks running the space program and you get an idea of their skill level.

You give them more credit than I would!:beer:

 

[dojetdriver]

It's about half of what the SureJet debacle cost.

Wanna work for a silly company that pays people WAAAAAYYYYYY too much money to come up with stupid names as well as a lame new name revealing ceremony?

Sure.