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Skywest earnings call-yeah

10nCLR

Oh, Yeah!
Joined
Oct 5, 2007
Posts
481
Total Time
TFAYD
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN059365020091105


Net income rises 9.2 percent as fuel costs fall
* Revenue plummets 32 pct (Adds analyst estimates, background)
NEW YORK, Nov 5 (Reuters) - Regional airline SkyWest Inc (SKYW.O) posted higher third-quarter earnings on Thursday helped by a 34 percent drop in expenses as fuel costs decreased.
The airline's net income rose 9.2 percent to $28.6 million, or 50 cents per share, from $26.2 million, or 45 cents per share, a year earlier.
Analysts, on average, had forecast a profit of 45 cents per share, according to Thomson Reuters I/B/E/S.
But revenue slumped 32 percent to $637.8 million, missing analyst expectations of $781.3 million.
The airline, whose jets fly for Delta Air Lines (DAL.N) and UAL Corp's United (UAUA.O), pinned the drop in revenue to lower reimbursements for fuel costs paid by the major airlines.
SkyWest includes fuel reimbursements as part of its operating revenue.
SkyWest's stock is down 25 percent this year as airlines cut capacity to grapple with lower travel demand.
During the quarter, SkyWest bought 93,545 shares of its common stock for about $10.46 apiece, or $978,000. The company has the option to buy an additional 2.78 million shares.
The St. George, Utah-based company's quarterly report comes on the heels of earnings from Republic Airways Holdings (RJET.O), which operates several regional airlines and bought Frontier Airlines and Midwest Airlines this year,
Republic posted earnings of 9 cents per share Wednesday after the market closed, missing analysts' expectations of 29 cents per share. (Reporting by Deepa Seetharaman; Editing by Derek Caney and Maureen Bavdek)
 

SkyNation

U.S. American
Joined
May 11, 2006
Posts
953
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12:34
how did this check compare to last Q? my bank doesn't show it yet
 

XPOO

You are now free to...
Joined
Nov 25, 2005
Posts
1,874
Bluntly? Worse.
 

SkyNation

U.S. American
Joined
May 11, 2006
Posts
953
Total Time
12:34
indeed, see it now
 

Data

Well-known member
Joined
Mar 15, 2002
Posts
2,731
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6000+
After taxes and 401k, this one was much better than the last one.
 

LearLove

Well-known member
Joined
Nov 27, 2001
Posts
4,451
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12000+
why do these 'airlines" even publish this stuff? Who cares? It is like a kid who gets $20/week allowance but has noo bills saying every quarter he saved more than his parents who gave him the $$ in the first place. Retarded Olympics anyone??

When your connection, express lift carrier goes out and flies its own routes, finds its own pax and stops sucking the tit of the major(s) then we will talk.
 

TapitLight

Active member
Joined
Jan 10, 2006
Posts
41
Total Time
...
The more -200s the come out of revenue guaranteed contracts and into at risk flying the worse those earning will look. There will be a time in the future when having hundreds of 50 seaters on your books will not be a good thing. You can only afford to pay these majors so much to keep them flying. It will be like a hot potato, nobody aka the airlines, lessors and manufactures, wants to get caught with these planes.
 

flyboyzz1

Well-known member
Joined
Jun 7, 2004
Posts
719
Total Time
#
Not sure what you mean by paying the majors. If you mean the 80 million dollar loan skyw gave to UAL...do remember that is being paid back at 11% and is backed with physical items. Many of the at risk routes skywest is doing are funded by the government as EAS which have guaranteed revenue if loads don't prevail. The other at risk stuff I assure you has a solid business plan in place as skyw is a very conservative company.
 

Baronman

Well-known member
Joined
Apr 3, 2005
Posts
560
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>8K
why do these 'airlines" even publish this stuff? Who cares? It is like a kid who gets $20/week allowance but has noo bills saying every quarter he saved more than his parents who gave him the $$ in the first place. Retarded Olympics anyone??

When your connection, express lift carrier goes out and flies its own routes, finds its own pax and stops sucking the tit of the major(s) then we will talk.

Why? No investor gives two craps about major vs regional or who is going out and finding their own passengers. Sucking the tit? Call it what you want but it's business.

Then we will talk? About what? Who's the best of the best? Who's the "real deal?"
 

IBNAV8R

Stand-up Philosopher
Joined
Jul 3, 2008
Posts
843
Total Time
9:30
why do these 'airlines" even publish this stuff? Who cares? It is like a kid who gets $20/week allowance but has noo bills saying every quarter he saved more than his parents who gave him the $$ in the first place. Retarded Olympics anyone??

Let's see, I can pay $40 a week to a yard guy or I can reward my kid $20 to do the same thing. If the kid makes wise decisions and puts his money away and saves more than me, good on him. I've saved $960 a year and my kid learns some responsibility. Does the fact that he doesn't have bills negate the fact that he saved me a bunch on money? Do I get to take it back if I can't manage my own money?

Retarded? I think not.

Of course, I'm sure everyone on here would gladly pay the poor yard guy (whether here legally or not) double - if only because he has bills and a family to feed?
 

hmmurdock

Well-known member
Joined
Mar 3, 2005
Posts
187
Total Time
5000+
why do these 'airlines" even publish this stuff? Who cares? It is like a kid who gets $20/week allowance but has noo bills saying every quarter he saved more than his parents who gave him the $$ in the first place. Retarded Olympics anyone??

When your connection, express lift carrier goes out and flies its own routes, finds its own pax and stops sucking the tit of the major(s) then we will talk.

I have to agree with this post. Wait until fuel is longer a pass through cost and the connection carriers are on their own.
 

WayBack

Well-known member
Joined
Aug 28, 2004
Posts
1,153
Total Time
2.4
After taxes and 401k, this one was much better than the last one.
And don't forget to factor in what you would have lost if you voted ALPA onto the property. That's 2% plus you'd probably take a pay cut.

I've heard that Colgan pilots recently got a letter from their new MEC saying that they're helping Colgan become "profitable"...which means no pay increase for the pilots for a while.
 
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