Skywest must have a very lucrative CPA with United. Expressjet is much bigger than Skywest, yet Skywest brings in much more revenue. The rates paid to Skywest and Expressjet for Delta flying are the same, as both carriers negotiated the 2nd lowest cost rate with Delta.
The E145 CPA is probably hampering revenue as well, which ironically, Skywest Inc did to themselves
Profitablity of the contracts seem to lean heavily on performance incentives, hence the reason management is going crazy with all these nexlev mind meld meetings after horrific performance this past quarter.
If you are talking about the UAL CPA that XJT got before Inc bought XJT, its only for 22 aircraft. The CAL CPA (which is what Inc did to themselves) is currently for 229 aircraft. There are also performance penalties in it. So not only do they not get performance bonus payments when we cancel for maintenance and lack of crews, but they get penalized with fines. I don't think that it's the smaller CPAs (UAL & AAL CRJ) that are dragging the revenue and profits down.