Originally Posted by
KCaviator
SkyWest is reducing its fleet by 50% over the next 3 years. How is that "plenty of growth"? Sounds like the opposite to me.
Forbes Welcome
Did you even read the whole article or did you just grab that one sentence out? Tell you what, I am going to take one sentence out and sum the whole story up.
She sees the industry consolidating with SkyWest an obvious winner. Ominously, however, the fate of Republic Airways, the only other publicly held regional airline, remains to be seen as reported in this Forbes story.
The 50% is SkyWest Inc that includes ASA and XJet. 50 seaters are going away, and better contracts are being signed for 70 seats. SW is stockpiling pilots and waiting to grab flying from those airlines that can't staff it.
Trust me, I don't agree with the way a lot of things are done here. But BB has shown his incompetence with managing Republic and taking the stock from around $15 per share to around $2 over the last year. If it were me just starting out, I wouldn't ignore the way management at Republic has treated their pilot group for the past 10 years and just focus on what it has been like over the past couple months. But that is just my opinion.