Skywest To become one of the Majors

[fatdumbhappy]

With Skywest being able to post a profit of over 1 Billion this year, will they become a major airline? Does anyone know what the stipulations are for being given such a title. Would they have to get larger planes?

Rumor was that mgmt took a little trip overseas for?

 

[propjockey]

REVENUE of over $1B maybe, but certainly not profit. Profit has been averaging roughly $20M/qtr give or take a few.

 

[katanabob]

http://biz.yahoo.com/ap/041021/earns_skywest_1.html

 

[fatdumbhappy]

Correction

St. George , Utah —SkyWest, Inc. (NASDAQ: SKYW) today reported operating revenues of $308.3 million for the quarter ended September 30, 2004 , a 33.7% increase, compared to $230.5 million for the same period last year. The Company also reported net income of $21.3 million for the quarter ended September 30, 2004 , or $0.37 per diluted share, compared to $21.1 million of net income or $0.36 per diluted share for the same period last year.


Sorry to have miss posted. I meant operating revenue.

 

[Rogue5]

Regardless of revenue and profits I think most will agree that the common definition of a "Major" airline, for what its worth, must include some aspect of it being on its own. Not only independant in terms of not being wholly owned by some other company, but not existing solely to serve another (or several) code-shares.

Majors are fed, they do not feed other mainline partners.

SkyWest will never become a "Major" unless its hand is forced. Jerry's got too good a thing going with fee-for-departure and a fixed profit. Minimize the risk and go for the stable sure thing (again, whatever that means in the airline world today) has been the name of the game in SGU for some time now...

 

[rattler]

By the Department of Transportation definition, yes that would make you a major. But good luck with that, because it does mean anything. In the eyes of the only group that really matters, the National Mediation Board, you will alway be a regional airline, and be paid like a regional airline.

 

[generaltso]

I was talking with some dude from Eagle the other day and he said he was a major airline pilot because Eagle is considered a major...

what a douche.

 

[WhiteCloud]

REVENUE of over $1B maybe, but certainly not profit. Profit has been averaging roughly $20M/qtr give or take a few.

Skywest must have a real contract with UAL otherwise their flying would be put out for the lowest bidder to pick up.

 

[Ben Dover]

The $1 billion "Major Airline" status is a highly sought after threshold for several reasons. Namely:

1. Boeing and Airbus give immediate 15% discount on all airframe purchases.

2. Most major fuel vendors give 5% kick back to purchasing agents at year end.

3. A slew of other very significant benefits take place.

4. Researchers Masters & Johnson even found a measurable increase in the size of the male phallus once the $1 billion mark was reached.

 

[Dave Benjamin]

By the Department of Transportation definition, yes that would make you a major. But good luck with that, because it does mean anything. In the eyes of the only group that really matters, the National Mediation Board, you will alway be a regional airline, and be paid like a regional airline.

I think you're responding to claims that haven't been made. Nobody that I see posting is making claims that SkyWest employees will be paid or treated any differently now that annual revenues exceed 1B. They guy that started this thread appears to fly Metros and was merely making an observation. Not sure about your NMB reference since SkyWest is non-union for the time being. Did SkyWest turn you down or something?

 

[Russ]

"Did SkyWest turn you down or something?"

That's a bit harsh Benjamin. He simply stated an opinion, that I happen to agree with. No SkyWest didn't turn me down, I'm senior to you.
I was a bear to people when I commuted as well.

 

[Indypilot]

Major = >1B + airplane over 100 seats.
National = <1B + airplane over 100 seats.
Regional = No airplanes over 100 seats.

Skywest is not a major, nor is eagle.

 

[Big Duke Six]

4. Researchers Masters & Johnson even found a measurable increase in the size of the male phallus once the $1 billion mark was reached.

I've noticed an increase in the size of my phallus just talking about it.

 

[difete]

Hmmm

Interesting info. Specially as I am heading to class with them in a week.

 

[Flooder305]

Who gives a crap?

What does a major mean anymore?

A MAJOR pain in the butt to the Pension Benefit Guaranty Corp. that has to pick up the pieces, because some fool hired too many MBA's who had one good idea and slaps them with a nice bonus while asking for concessions from the 20% who do 80% of the workload?

Because some fool thought that paying out on the balance sheet more than what was being brought in would be good for the time being because things just have to turn around.... Don't they?

By the way who backs the PBGC anyway? Oh yeah the government... Well who backs the government? Oh yeah my tax dollars.... Have fun with your 1040's...

 

[dispatchguy]

Major = >1B + airplane over 100 seats.
National = <1B + airplane over 100 seats.
Regional = No airplanes over 100 seats.

Skywest is not a major, nor is eagle.

Gotta correct you, when I dispatched at Eagle in 2001-2002, we were a officially a Major airline (but paid like the cheapest regional around)

 

[COEX-FO]

Majors are fed, they do not feed other mainline partners.

Sort of like a boat and a ship!

A ship can carry a boat but a boat cannot carry a ship.

 

[JetLinkin Park]

Majors? What the hell is a major? You mean the companies who've furloughed 15 years into their seniority lists. The companies who've lost 25 years of their pensions. The companies who've taken a 30% pay cut in the last 2 years. The companies who can't make loan payments to aircraft manufacturers. The companies who aren't sure if they'll be around in November of 2005. Those majors?!?!!!!

 

[RJET]

Indypilot,
I know that the DOT use revenue to determine in which category an airline falls under. Just curious as what source did you get 100 seat?

And the whole "major" thing, who cares we will still get pay the same crappy pay.

 

[blzr]

Skywest misses the whole point of being a Major Airline. Heck, Some fools on here don't think SWA, Airtran, or Jet BlEW are majors.

I guess the definition of a Major is to lose hundreds of millions of dollars/quarter. Furlough your airline back to WWII, blame Labor for all your problems, pay your CEO $1,000,000 / year with sweet incentives and a promise that if they have to fire him/her that they will pay millions in severence pay that could have gone to working employees.

ANd that, children is what being a Major Airline is aLL about.

 

[Indypilot]

The DOT and ATA use revenue and they have 3 categories of regionals, and then national, and major.

I was looking for the source and i believe it was alpa's defenition, I did some checking and couldn't find the alpa site with the info, but the DOT and ATA defenitions are pretty out of date as most "regionals" are now technically nationals (100M-1B). I think they are working on redefining with the 1 airplane above 100 seats to qualify as a national or major.

I'll do some more looking when i have some more time and get back with any info.

 

[AviatorTx]

Major = >1B + airplane over 100 seats.
National = <1B + airplane over 100 seats.
Regional = No airplanes over 100 seats.

Skywest is not a major, nor is eagle.

Nor is XJT. We hit the Billion dollar mark over two years ago. That was of No help what so ever trying to convince the NMB we were a major. They just diddn't buy it.

You can call yourself what ever you want. Until you start flying big jets (100 seats or more), AND selling your own code, you will not be allowed out of the regional class for contract bargaining purposes. But since skywest is too wussie to have ANY union at all, it won't matter.

 

[Flooder305]

I wouldn't be calling any non-union airline a wussy after my own union is putting welfare ads in national newspapers, trying to garner support for their "brave" wage battle.

If you don't have a union you're a wuss!

Glad he's a captain huh?

 

[Vik]

Skywest has become a major??? So when are they gonna apply for Ch.11 protection, kill the pensions, have the top 1/3rd of the seniority list bumped off a la the mafia, and cut everyone elses salaries by 35%?

Ok ok, so major airlines dont have people knocked off ...

Who gives a sh!t if Skywest has $1bn in revenue? Do you think you pilots are gonna see any of it?

 

[ExFokkerFlyer]

Oh sure we'll see that money... everytime we fly over Lake Powell and see the houseboats. The real question is are we ever going to HAVE any of that money... the answer is, um... NO!

That's okay though, i'm drinkin' the Koolaid and livin' the dream!