SKYW 2nd Qtr 2009 Earnings

[SkyNation]

nice bonus today, more than I expected

 

[amcnd]

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!

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

 

[BrickTop]

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.

 

[Tarzan]

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.

 

[XPOO]

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.

And because of it, we can all hope that ASA is better off one year from now than it was three years ago. We are all in it together, and these numbers proved we led the industry once again. I even got a nice letter in my SWOL inbox from C.C. saying so.

 

[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!