SKYW 2nd Qtr 2009 Earnings

[EngineOut]

Is it appropriate to be discussing our bonuses when there are others not so fortunate in our industry during these dire conditions. I don't feel it is.

Are you really serious? Why should some pellet of fortunate airline financial results not be spoken of in a public forum? If you're really that bummed, don't click on the thread.

 

[BrickTop]

Are you really serious? Why should some pellet of fortunate airline financial results not be spoken of in a public forum? If you're really that bummed, don't click on the thread.

Perhaps I'm a bit more courteous and choose not to disclose my financial fortune to those on this board who are struggling to find their own means to survive this economic crisis. For some that "pellet" may be a saving measure.

 

[COOPERVANE]

5 year ASA captain=$600 Gross.

$276 net (after $90 401K withholding, ALPA, and uncle sam)

 

[gator_hater]

5 year ASA captain=$600 Gross.

$276 net (after $90 401K withholding, ALPA, and uncle sam)

Put it all in your 401k and you get about $587 from $625. Just a thought.

 

[BigLebowski]

just curious, any one know how skywest did compared to other regionals...particularly Republic and XJet?

 

[PBRstreetgang]

I believe ASA's margins were higher than SKW's when we were purchased. I know right after the purchase ASA was posting 9%+. OO's were close but ASA was still making more on every dollar that was spent. I will speculate that since a huge amount of money has spent on things such as the A Tech, parking, undoing programs, closing outstations, etc; that these events have impacted the margin numbers.

In due course, I would expect these numbers to begin to get better as ASA begins to see some return over the course of these events.

Choo gotta deal Brad some aces to get some of dat fat cash!
PBR

 

[Speedtape]

just curious, any one know how skywest did compared to other regionals...particularly Republic and XJet?

I would guess MO Better! However, not all the numbers are in.

 

[Tarzan]

And because of it, we can all hope that ASA is better off one year from now than it was three years ago.

I am all for our company doing well. A healthy company is a good place to be these days.

 

[PBRstreetgang]

Perhaps I'm a bit more courteous and choose not to disclose my financial fortune to those on this board who are struggling to find their own means to survive this economic crisis. For some that "pellet" may be a saving measure.

Easy there,
Its just beer and hooker money.
PBR
P.S. Bud and Crack Ho's, we are all cuttin' back!

 

[Speedtape]

Based on my bonus check... Profit margin. ect.. not to hard to figure out..

Are you comparing Apples to Apples? The 2 programs are not the same and to your company's credit, they were able to hit their performance goals. The other Company did not meet those goals for various reasons--but no excuses. However, though your bonus may be higher, it does not necessarily mean that there is a disproportinate net profit difference. Net margin comparisons, if they were available, would be a better measuring stick. Spend it well, the economy needs your bonus!

 

[AntiJedi]

Spend it well, the economy needs your bonus!

I shall spend mine wisely --- in Las Vegas.

 

[WalterSobchak]

Like SkyNation said above, much better than expected. It was a nice surprise when I logged into the bank account this morning. Kinda like Christmas. There's nothing like having bills paid up a day ahead of payday.

Thanks to all at SkyWest (and our compadres at ASA) for the hard work...

 

[homerjdispatch]

Are you comparing Apples to Apples? The 2 programs are not the same and to your company's credit, they were able to hit their performance goals. The other Company did not meet those goals for various reasons--but no excuses. However, though your bonus may be higher, it does not necessarily mean that there is a disproportinate net profit difference. Net margin comparisons, if they were available, would be a better measuring stick. Spend it well, the economy needs your bonus!

Well SkyWest airlines net margin was 4.22%.... Thats what a portion of our bonuses are based on... It is pretty easy for a SkyWest employee to figure out. Take your bonus gross amount, subtract $350 (performance reward portion) and divide the remaining amount by your quarter to date earning reported on the last paycheck of the 2nd quarter.... (or wait until its posted on SkyWestonline)

 

[Nevets]

just curious, any one know how skywest did compared to other regionals...particularly Republic and XJet?

XJT lost $13.1 million and RAH reported a net income of $14.1 million.

 

[Speedtape]

I grossed about $1100.

 

[goahead]

Thanks to everyone at ASA and SKYW for your hard work