Originally Posted by
Jonneaux
I would invite you to look at the AAG financial reports, specifically under regional flying. Last year OO generated a pre-tax profit of about $93 million with only 15 airplanes on average. Horizon only generated $23 million with 54 airplanes and that was before the new TA and bonuses. So far this year they have been losing about $9 million per quarter.
At some point, someone at AAG is going to ask why are they doing this, spending tens of millions only to lose money and drag down the brand image. Why not simply make a phone call to SGU, sign a contract and make hundreds of millions.
The only question is when.
The Qx numbers are probably not accurate in the slightest. As its been said before, Alaska and Horizon are owned by AAG and they transfer/shuffle/launder money around as needed to appease investors and the BOD. They will never tell us how much profit we actually make, unless it serves their purpose (i.e. saying 'Look! We lost money! We're unprofitable! You pilots need to take concessions or else)