What's the Latest at ASA/Expressjet?
08-22-2013 | 06:54 AM
#4151
Gets Weekends Off
Joined: Apr 2007
Posts: 243
Likes: 0
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
#4152
Gets Weekends Off
Joined: Feb 2012
Posts: 622
Likes: 0
From: PNF
Corporate greed is really changing we do, everything!
08-22-2013 | 06:57 AM
#4153
Line Holder
Joined: Mar 2010
Posts: 1,967
Likes: 0
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
#4154
Gets Weekends Off
Joined: Feb 2007
Posts: 929
Likes: 0
From: e190
It is something to throw on the resume which is better than nothing. Do we really need an awards ceremony? I have known a few of the winners from the past and two in this round and every one of them has been excellent to work with. I think just the recognition of a job well done is enough.
08-22-2013 | 09:25 AM
#4155
Gets Weekends Off
Joined: Mar 2012
Posts: 709
Likes: 0
From: Gear Slinger
08-22-2013 | 12:59 PM
#4156
Gets Weekends Off
Joined: May 2006
Posts: 166
Likes: 0
From: A few
We made an operational profit but still had a loss.
08-23-2013 | 11:31 AM
#4158
Line Holder
Joined: Mar 2010
Posts: 1,967
Likes: 0
SkyWest Inc can make ExpressJet show a loss or not at its whim by overcharging us for services like IT, accounting, payroll, etc. Thats what sucks about being a wholly owned subsidiary. In other news, don't expect to see XJT profitable until all of the concessionaire contracts are signed.
08-26-2013 | 12:40 PM
#4159
Line Holder
Joined: May 2009
Posts: 258
Likes: 0
Im guessing all hiring is on the erj side now, correct?
08-26-2013 | 01:16 PM
#4160
Line Holder
Joined: May 2013
Posts: 1,271
Likes: 0
From: The Parlor
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.
Thread
Thread Starter
Forum
Replies
Last Post
