What's the Latest at ASA/Expressjet?
11-01-2013 | 02:35 AM
#4561
Gets Weekends Off
Joined: Jul 2012
Posts: 503
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Well that is not all there was to that language. Not as bad as you may think.
11-01-2013 | 06:06 PM
#4562
Banned
Joined: Dec 2007
Posts: 2,934
Likes: 0
From: EMB 145 CPT
Fact is that BH has mentioned that multiple times in his weekly updates so has BR on the quarterly earnings calls.
11-02-2013 | 08:10 AM
#4564
Banned
Joined: Feb 2007
Posts: 415
Likes: 0
From: Delta Gear Slinger
Little birdie told me the rate reset was forgiven by momma D when INC agreed to the 2 for 1 airplane swap last year. I guess we'll find out if that's true in two years.
11-02-2013 | 08:14 AM
#4565
Gets Weekends Off
Joined: Nov 2008
Posts: 442
Likes: 0
From: I can fly.....I'm a pilot
Little birdie told me the rate reset was forgiven by momma D when INC agreed to the 2 for 1 airplane swap last year. I guess we'll find out if that's true in two years.
11-02-2013 | 08:16 AM
#4566
Banned
Joined: Dec 2007
Posts: 2,934
Likes: 0
From: EMB 145 CPT
"The SkyWest Airlines and ExpressJet Delta Connection Agreements contain multi-year rate reset provisions beginning in 2010 and continuing each fifth year thereafter...The Delta Connection Agreements also provide that, beginning with the fifth anniversary of the execution of the agreements (September 8, 2010), Delta has the right to require that certain contractual rates under those agreements shall not exceed the second lowest of all carriers within the Delta Connection program. During the fourth quarter of 2010, SkyWest Airlines and Atlantic Southeast reached an agreement with Delta on contractual rates satisfying the 2010 rate reset provision and the second-lowest rate provision and agreed to rates through December 31, 2015. Delta additionally waived its right to require that the contractual rates payable under the Delta Connection Agreements shall not exceed the second-lowest rates of all carriers within the Delta Connection program through December 31, 2015."
http://www.sec.gov/Archives/edgar/da...13772_110q.htm
The rate reset happened on 9/8/10. They agreed to it in the 4th quarter of 2010 (probably retroactive to 9/8/10). DAL only agreed to that 2nd lowest rate until 12/31/15 instead of 9/8/15. And then it will be another reset to 2nd lowest and then again 5 years after that in 2020. Keep in mind that this Q was filed with the SEC only three months ago. The additional 34 aircraft 2/1 swap deal happened in 2012. But regardless if it is delayed or forgiven now, my point being that the reset is the reason why Skywest decided to buy xjt and merge the airlines.
Last edited by Nevets; 11-02-2013 at 08:41 AM.
11-08-2013 | 12:29 PM
#4567
Gets Weekends Off
Joined: Sep 2012
Posts: 268
Likes: 0
From: FO
Union email seems to indicate very close?
11-08-2013 | 12:35 PM
#4568
Gets Weekends Off
Joined: Dec 2007
Posts: 6,140
Likes: 197
Originally Posted by Hurryage65:1516106
Union email seems to indicate very close?
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