What's the Latest at ASA/Expressjet?
08-22-2013, 04:59 AM
#4121
Gets Weekends Off
Joined APC: Mar 2010
Posts: 1,951
They cancelled the awards and cried poor because they have to create the illusion that we are teetering on the edge of bankruptcy. Wake me up when everyone in management takes a 40% pay cut and they start running the company from SGU. Until then, it's all negotiations motivated window dressing.
And I promise they told everyone in the GO that they cancelled it because those greedy pilots get paid too much.
And I promise they told everyone in the GO that they cancelled it because those greedy pilots get paid too much.
08-22-2013, 06:01 AM
#4122
Line Holder
Joined APC: Jan 2007
Position: CRJ CPT
Posts: 74
Originally Posted by Captain Tony
They cancelled the awards and cried poor because they have to create the illusion that we are teetering on the edge of bankruptcy.
Is there anything stopping them from shutting us down? Is there any historical precedent where a holding company has 2 subsidiaries - one profitable and one not making money - and they shut down the unprofitable subsidiary?
08-22-2013, 06:31 AM
#4123
Line Holder
Joined APC: Sep 2009
Posts: 61
I just pray that unlike pinnacle, we at Expressjet have the balls (no offense, ladies) to stand up and say that if you expect us to continue the race to the bottom, you'll have to find someone else to cave in. I'd really rather go find another career than aid management in gutting this one any further. And for those that say its easy to talk tough until its my paycheck on the line, I hope I get the chance to put my money and my vote where my mouth is. If those before us (pinnacle/endeavor) had done so, we wouldn't be having this discussion.
And oh, by the way, management. Good luck trying to fill regional cockpits now that you've made this job so unattractive, you can't even consistently fill new hire classes...
And oh, by the way, management. Good luck trying to fill regional cockpits now that you've made this job so unattractive, you can't even consistently fill new hire classes...
08-22-2013, 06:32 AM
#4124
Banned
Joined APC: Feb 2007
Position: Delta Gear Slinger
Posts: 415
Originally Posted by berge7f9
No we are not on the edge of bankruptcy, but with another rate reset by Delta coming soon
08-22-2013, 06:54 AM
#4125
Gets Weekends Off
Joined APC: Apr 2007
Posts: 243
ST. GEORGE, Utah, Aug. 7, 2013 /PRNewswire/ -- SkyWest, Inc. ("SkyWest") (NASDAQ: SKYW) today reported net income of $20.7 million, or $0.39 per diluted share, for the quarter ended June 30, 2013, compared to net income of $17.0 million, or $0.33 per diluted share, for the same period last year.
SkyWest also reported net income of $24.0 million, or $0.46 per diluted share, for the six months ended June 30, 2013, compared to $16.3 million, or $0.32 per diluted share, for the same period last year.
SkyWest also reported net income of $24.0 million, or $0.46 per diluted share, for the six months ended June 30, 2013, compared to $16.3 million, or $0.32 per diluted share, for the same period last year.
Doesn't seem like we're teetering on BK
p.s. I know those are Inc numbers
08-22-2013, 06:56 AM
#4126
Gets Weekends Off
Joined APC: Feb 2012
Position: PNF
Posts: 622
Originally Posted by MoarAlpha
Whoa wait a second...
Didn't the Skywest CFO say the XJT side made money in the second quarter in the teleconference?!?!
Didn't the Skywest CFO say the XJT side made money in the second quarter in the teleconference?!?!
Corporate greed is really changing we do, everything!
08-22-2013, 06:57 AM
#4127
Gets Weekends Off
Joined APC: Mar 2010
Posts: 1,951
Originally Posted by berge7f9
No we are not on the edge of bankruptcy, but with another rate reset by Delta coming soon, they might threaten to shut us down when we really start bleeding money. Inc cannot declare bankruptcy without dragging SkyWest Airlines down with us. They cannot transfer assets without bringing on merger proceedings. So what would you do if you were JA or BR?
Is there anything stopping them from shutting us down? Is there any historical precedent where a holding company has 2 subsidiaries - one profitable and one not making money - and they shut down the unprofitable subsidiary?
Is there anything stopping them from shutting us down? Is there any historical precedent where a holding company has 2 subsidiaries - one profitable and one not making money - and they shut down the unprofitable subsidiary?
And the fragmentation clause in our contract only kicks in if the airplanes are transferred directly to SkyWest Airlines. If they're returned to the lessor, then leased back to SkyWest, we have no claim. In fact, they already did this with the -200s they're flying in PHX.
08-22-2013, 07:02 AM
#4128
Gets Weekends Off
Joined APC: Feb 2007
Position: e190
Posts: 929
Originally Posted by gtechpilot
Still, to say that these employees were getting an award and then taking back part of it....a bit classless to me.
Also, wouldn't Brads recent raise more than cover all of the programs? Gotta wonder how much of this is a pony show for the negotiations.
Also, wouldn't Brads recent raise more than cover all of the programs? Gotta wonder how much of this is a pony show for the negotiations.
08-22-2013, 09:25 AM
#4129
Gets Weekends Off
Joined APC: Mar 2012
Position: Gear Slinger
Posts: 708
Originally Posted by XJT Pilot
I'm not giving an inch.
This is all show. He straight up lied in that awards letter. he said we lost money in Q1/Q2. We did not.
08-22-2013, 12:59 PM
#4130
Gets Weekends Off
Joined APC: May 2006
Position: A few
Posts: 166
We made an operational profit but still had a loss.
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