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Looks like SkyWest was around $20 mill of the $26 mill. So ASA only helped out with $6 mill... My bouns was Net $1200..
Not true!!! It was in my bank account at 4AM this morning when I got to work!he hasn't received his bonus check yet--just speculation
These numbers are not available publicly because they are consolidated for financial reporting. So, where did you get them? Did you pull them out your arse?
When purchased, ASA was making equal profits as Skywest. If something different has happened since the purchase, then who is to blame? Skywest, certainly, is making more today than ASA, because you were grown. However, I highly doubt that the ratio that you suggest is any where near accurate. Bottom line, WE are making nice profits for our Parent Company, at a time when everyone else is struggling.
Cheers!
When purchased, ASA was making equal profits as Skywest. If something different has happened since the purchase, then who is to blame? Skywest, certainly, is making more today than ASA, because you were grown. However, I highly doubt that the ratio that you suggest is any where near accurate. Bottom line, WE are making nice profits for our Parent Company, at a time when everyone else is struggling.
Cheers!
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.