SKYW 3Q Earnings

[kj6991]

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

yes. Skywest. 4th year f/o. $680

 

[siucavflight]

680 sucks butt hole.

 

[Goose Egg]

butt hole

Sorta like what you've become lately?

 

[No.W.]

SKYW margin was about .5 higher than ASA's...based on fuzzy math between Inc's margin and SKYW margin.

That MAY be part of the discrepancy. Not sure how ASA's bonus is indexed, but SKYW bonus is indexed on SkyWest Airlines margin ONLY.

 

[kj6991]

680 sucks butt hole.

Well I didn't ask for your opinion, nor do I give a damn what you think. I was simply answering the last posters question.

 

[siucavflight]

Well I didn't ask for your opinion, nor do I give a damn what you think. I was simply answering the last posters question.

Thanks! You are da' man!

 

[USCtrojan]

SKYW margin was about .5 higher than ASA's...based on fuzzy math between Inc's margin and SKYW margin.

That MAY be part of the discrepancy. Not sure how ASA's bonus is indexed, but SKYW bonus is indexed on SkyWest Airlines margin ONLY.

Agree. SkyWest operates somewhere in the range of 1080 flights/day for United and a little over 400 for Delta. Total close to 1500 flights/day. ASA operated in the mid 700 flights/day for Delta in 3rd Qtr. SkyWest simply had more work/revenue. More $$$$$$. Good job. I wouldn't be complaining ever about money the Company is giving me.

Trojan

 

[XPOO]

Trojan,

Also, OO had $450 on everyone's bonus just for performance alone. So no one got less that that.

Oh, and Jacquizz Rodgers.

 

[USCtrojan]

Trojan,

Also, OO had $450 on everyone's bonus just for performance alone. So no one got less that that.

Oh, and Jacquizz Rodgers.

you the one that keeps putting his stats in my box ;-). $450 is nice, ours will hopefully be there someday soon.

Trojan

 

[HDA]

If you want to get around the big govt tax on you bonus check.....have it deposited right into your 401k. You wont pay federal tax at all and you get to increase your contribution. (As long as you are not already maxed out to the federal limit). I did that when I was at Skywest and my 401k grew rather quick......it has shrunk rather quick this year though!!

 

[McNugent]

Until Obama has his way with your 401K

 

[SKYWRJGUY]

Bonus is considered income not a company match, so you can only put it in there is you're not already on a maxed-out profile (i.e., $645/paycheck). Still, an extra $4000 a year after taxes will nearly fund the yearly IRA...

 

[Andy Neill]

Bonus is considered income not a company match, so you can only put it in there is you're not already on a maxed-out profile (i.e., $645/paycheck). Still, an extra $4000 a year after taxes will nearly fund the yearly IRA...

I made it a concerted effort to get the most bang out of the bonuses possible. I did this by making my regualar 401k contributions sufficiently under the max so that the last bonus payment would put me just over the max allowed. That way, I would get matching money from SKYW that I would not have gotten if I had maxed out my contributions all year. My motto was, never pass up an opportunity to get money from the company.

 

[PBRstreetgang]

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.

Dude,
Its beer and hooker money! That's a lot of Bud and crack hos!
PBR

 

[nerjdriver]

Did anybody read the first sentence of the release. SKYW lost 39% in profit year over year........39%!!! This by no means they are in trouble, but it goes to show you that we all share the same problems....nobody is immune....

 

[siucavflight]

Did anybody read the first sentence of the release. SKYW lost 39% in profit year over year........39%!!! This by no means they are in trouble, but it goes to show you that we all share the same problems....nobody is immune....

Because of the high oil prices they used the opportunity to decrease asset value, and write off other debt, as they knew that the competition would report loses. Really just accounting practices, nothing to worry about.

 

[nerjdriver]

Because of the high oil prices they used the opportunity to decrease asset value, and write off other debt, as they knew that the competition would report loses. Really just accounting practices, nothing to worry about.

Are you telling me that SkyWest is not feeling this "pinch" in the economy at all. If you think that you are very misinformed.

 

[sweptback]

Did anybody read the first sentence of the release. SKYW lost 39% in profit year over year........39%!!! This by no means they are in trouble, but it goes to show you that we all share the same problems....nobody is immune....

Given how SkyWest gets revenue (by fee for departure), it's not surprising to see their profits drop. ASA is flying about 75% of the flight schedule we flew at our peak in 2007 (we were pushing 1000 flights/day in the summer), and I assume SkyWest is taking similar cuts as well.

 

[siucavflight]

Are you telling me that SkyWest is not feeling this "pinch" in the economy at all. If you think that you are very misinformed.

I am saying that what they report is not always an accurate indication of how the company is performing. If you do not agree with this you are the one who is misinformed.

 

[BigLebowski]

well not to sh*t on anyone's parade but...

SkyWest's profit being down does not take a rocket scientist to explain. Considering the cutbacks with united, midwest, and delta; it's obvious why profits are down...we're not doing as much flying.

Are we feeling a pinch? mmmmm yes and no. We're by no means hurting for money, we're now simply "storing nuts". Having talked to upper level management in the past week; they laughed at some of the rumors floating around I questioned them on, were dissapointed fuel went down so quickly (said more carriers needed to go and were on the verge of it), and emphasized that we are in a perfect position right now given the state of the industry.

Being down 39%...I have not lost any sleep. This is a cyclical thing, let's look at how the airlines were at this time last year; I'm suprised we're not down more.

I'm not really sure what people are getting at? We made a h*ll of a lot of money this last quarter...profits will rise as flying picks up; if it does

 

[Dubya]

You know how the Mormons do it. Stick it under the mattress. No telling how much cash they really have.

W

 

[Tarzan]

You know how the Mormons do it. Stick it under the mattress. No telling how much cash they really have.

W

Negative Ghost Rider........

The money goes in the same drawers with the holy underwear.

 

[nerjdriver]

I am saying that what they report is not always an accurate indication of how the company is performing. If you do not agree with this you are the one who is misinformed.

Yes what they report is an accurate analysis of the 3Q results....per the SEC that's the point. Im NOT saying SKYW is no performing well, don't be so defensive. I am saying that the cut backs are effecting everybody, some more than others, and SKYW is not an exception. I dont know how some people can get on here and say that things are perfect. They always are if you fly the E17o i suppose though..

 

[BigLebowski]

Yes what they report is an accurate analysis of the 3Q results....per the SEC that's the point. Im NOT saying SKYW is no performing well, don't be so defensive. I am saying that the cut backs are effecting everybody, some more than others, and SKYW is not an exception. I dont know how some people can get on here and say that things are perfect. They always are if you fly the E17o i suppose though..

sounds like someone wants to go to chq and fly the 170...hahahahahha.

I bet you fly "the little" embraer hahahaha

 

[nerjdriver]

sounds like someone wants to go to chq and fly the 170...hahahahahha.

I bet you fly "the little" embraer hahahaha

HA Yea the little embraer with the bigger paycheck.

 

[USCtrojan]

Yes what they report is an accurate analysis of the 3Q results....per the SEC that's the point. Im NOT saying SKYW is no performing well, don't be so defensive. I am saying that the cut backs are effecting everybody, some more than others, and SKYW is not an exception. I dont know how some people can get on here and say that things are perfect. They always are if you fly the E17o i suppose though..

While revenues are less at SkyWest and ASA, they are still profitable. Amazing in this environment really. Hopefully we are bottoming in this stupid economic environment and airlines can get back to growing and needing their people.

Trojan