SKYW 3Q Earnings

[XPOO]

http://biz.yahoo.com/ap/081105/earns_skywest.html?.v=1

 

[Goose Egg]

Hey, for Q3 08, I'm just glad that the EPS is a positive number!!

-Goose

 

[cybourg10]

SkyWest is a money making machine, I'll give them that. Do you guys have a profit sharing program?

 

[siucavflight]

Skywest runs the village remember?

 

[USC328]

SkyWest is a money making machine, I'll give them that. Do you guys have a profit sharing program?

Yep, I just got a $1062 bonus check for this quarter (4th year Captain).

 

[BUDDHA145]

Yep, I just got a $1062 bonus check for this quarter (4th year Captain).

WOW...sweet for you guys!!!! we only get it once a year...but still they dont have to give me anything!!!

 

[homerjdispatch]

Lowly 5th year dispatcher here...mine was $850

 

[cybourg10]

Wow nice, congrats.

 

[cfi_greg]

2nd year FO $450

 

[SPDBRD747400]

SkyWest is a money making machine

You mean Skywest Inc. ASA is part of the success also.

 

[McNugent]

How does the SKYW profit sharing work? I'm a 4th year FO at ASA and fly my ass off, and got like $350 last time around. Not expecting any more for the 3rd quarter.

 

[LearLove]

never mind

 

[Tarzan]

How does the SKYW profit sharing work? I'm a 4th year FO at ASA and fly my ass off, and got like $350 last time around. Not expecting any more for the 3rd quarter.

It is based on profit margin and your base pay rate. The math is more complicated than I can remember and I am too lazy on to go onto the company website to look at. Then they add on the other stuff like A14, completion, customer satisfaction.

 

[COOPERVANE]

At ASA:

(Quarterly base pay rate X percentage Profit) X .80= One more payment and this 1962 luxury automobile is mine!

This plus the performance part

 

[Buzo]

2nd year FO $450

Unless something has changed, you don't get the financial rewards until year 3.

 

[homerjdispatch]

financial rewards is after 2 years service...after one year is performance rewards...

The performance rewards this time around was $450.00

 

[cfi_greg]

Unless something has changed, you don't get the financial rewards until year 3.

They counted my time at ASA for the financial rewards.

 

[COOPERVANE]

Did we get our check yet?

 

[kj6991]

yeah. $680 4th year F/O

 

[McNugent]

brought home a whole $250. Not complaining or anything but WTF?

 

[SpyFlysDOTs]

If that isnt decent, you can send it to my bank account! Prob first year huh?

 

[McNugent]

Nope 4th year. And I rarely credit under 100 hours a month. Sounds like SKYW has a better profit sharing deal to me.

 

[Medeco]

Dont forget the 40% tax we gave our lovely Govt. for all of our hard work.

Wonder what that will go up to in the next 4 yrs. ?

Medeco

 

[USCtrojan]

Dont forget the 40% tax we gave our lovely Govt. for all of our hard work.

Wonder what that will go up to in the next 4 yrs. ?

Medeco

60% and your 401k will be seized and turned over the the state. The state then takes 5% and returns you 3%. No BS.

Trojan

 

[ohplease!]

brought home a whole $250. Not complaining or anything but WTF?

$500ish here....and I'm complaining.....and yeah WTF? is right.

 

[Goose Egg]

Unless something has changed, you don't get the financial rewards until year 3.

You remember correctly, but that was a performance reward, not a financial reward. I got the same (2nd year FO).

-Goose

 

[difete]

Do not forget 2 add the Norberst Turkey to it. Gubble Gubble!!

 

[CFIT]

This year total is $8516, gross.
Which in way means I made an extra 5.94 an hour.

Last year was better, $10438.
Which means I made an extra 4.09 an hour.

Not a bad program but it's not something you can count on or put on a loan app.

 

[Crash Pad]

ASA didn't make as much. The profit is the biggest thing. We are carrying 350 extra pilots for flying that went to Mesaba. Lost the ATR's.

In short be happy you got a check. Next quarter you might get a furlough.

 

[OCP]

yeah. $680 4th year F/O

I assume that you are at Skywest? I'm a 6 year CA here at ASA and mine was $493, thats before taxes.