What's the Latest at ASA/Expressjet?
02-12-2014 | 10:15 AM
#5111
Line Holder
Joined: Aug 2012
Posts: 557
Likes: 4
As far as which flee type a new-hire would get, in the past you would know which when offered a class. For a time they brought everyone in for basic indoc before aircraft assignment, but I heard that was backfiring and I'm not sure what the current practice is. Perhaps a more recent new-hire will chime in on that.
02-12-2014 | 11:57 AM
#5112
Gets Weekends Off
Joined: Jan 2013
Posts: 145
Likes: 0
From: PA34-200
People are holding a line in EWR within 2-3 months out of training. It will take 8-14 months to hold a line in any of the other bases.
02-14-2014 | 02:32 PM
#5113
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Joined: Mar 2012
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From: Gear Slinger
What are the 4Q 2013 earnings report results?
02-14-2014 | 02:44 PM
#5114
Guest
Posts: n/a
Here ya go... SkyWest, Inc. Announces Fourth Quarter And Full-Year 2013 Results - Yahoo Finance
You can read just how tired SKW INC is of ExpressJet losing so much money. Things are about to go down.
Here are summary notes:
o ExpressJet entity continues to lose money and has been generating negative cash flow for the last 3-years. Losses were termed as "neighborhood of $50mil" for 2013.
o As ExpressJet entity was producing no returns for the group, and "they have got to eliminate the loss," and the BoD "is not very patient with this". As was laid out, there was no point in having scale if they could not generate positive returns and drag down the rest of the entity.
o Management laid out several part plan they continued to work on for XJT
1) Cost reductions with labor. Critical to have a "solid" collective bargaining agreements - something like OO has. Labor is by far the biggest cost piece of the CPA pie, especially in case of XJT where much of the fleet does not belong to the company but CPA partner instead, so labor becomes the primary area where company has wiggle room.
2) Process improvements, productivity enhancements, joint service and vendor contracts with OO to create better volume and value for the entire group. This area has seen material improvements and success.
3) Improve operational reliability, deliver product which customer expect. This both reduces overall cost but creates increases in base rate compensation and performance incentives. As part of this also open discussions with CPA partners about rate resets, though there is no guarantee how receptive they will be mid contract.
o Management said they knew the contract rates they inherited with XJT were low, but they expected to be able to leverage the strengths of the larger group to make them work, but at this time rates remain below cost instead.
o Without achieving successful outcome they said we could see "fairly significant reduction" in the "unproductive flying". This draw down could come in two ways, either outright elimination of aircraft in mid contract as some customers have been "very vocal about their desire to reduce 50-seaters", or just let go of aircraft as contracts run out over the short/medium term. Much of the E145 fleet has no ownership tail risk for the group.
Some other general tidbits:
o Company already planned to remove 66 50-seater as part of previously announced restructured contracts. 33 were parked already in 2013, 29 planned for removal in 2014, and 4 in 2015
o First E175 due March 24th. Enter service late May. Expect 21 on property by end of 2014.
o United to load schedule next week reflecting E175 deployment.
o MRJ order slipped slightly, now plan Q2 2018.
o On pilot hiring, SKW finding qualified applicants, attrition rate about 20-month, running below plan actually XJT attrition about 30 month. View annual pilot turn over of about 8-10% as normal.
o Believe Skywest family is an attractive place to work. Large diverse operation offering good opportunity
o Have pilot class pipeline lined up for next 6-7 months and "comfortable" with their position.
You can read just how tired SKW INC is of ExpressJet losing so much money. Things are about to go down.
Here are summary notes:
o ExpressJet entity continues to lose money and has been generating negative cash flow for the last 3-years. Losses were termed as "neighborhood of $50mil" for 2013.
o As ExpressJet entity was producing no returns for the group, and "they have got to eliminate the loss," and the BoD "is not very patient with this". As was laid out, there was no point in having scale if they could not generate positive returns and drag down the rest of the entity.
o Management laid out several part plan they continued to work on for XJT
1) Cost reductions with labor. Critical to have a "solid" collective bargaining agreements - something like OO has. Labor is by far the biggest cost piece of the CPA pie, especially in case of XJT where much of the fleet does not belong to the company but CPA partner instead, so labor becomes the primary area where company has wiggle room.
2) Process improvements, productivity enhancements, joint service and vendor contracts with OO to create better volume and value for the entire group. This area has seen material improvements and success.
3) Improve operational reliability, deliver product which customer expect. This both reduces overall cost but creates increases in base rate compensation and performance incentives. As part of this also open discussions with CPA partners about rate resets, though there is no guarantee how receptive they will be mid contract.
o Management said they knew the contract rates they inherited with XJT were low, but they expected to be able to leverage the strengths of the larger group to make them work, but at this time rates remain below cost instead.
o Without achieving successful outcome they said we could see "fairly significant reduction" in the "unproductive flying". This draw down could come in two ways, either outright elimination of aircraft in mid contract as some customers have been "very vocal about their desire to reduce 50-seaters", or just let go of aircraft as contracts run out over the short/medium term. Much of the E145 fleet has no ownership tail risk for the group.
Some other general tidbits:
o Company already planned to remove 66 50-seater as part of previously announced restructured contracts. 33 were parked already in 2013, 29 planned for removal in 2014, and 4 in 2015
o First E175 due March 24th. Enter service late May. Expect 21 on property by end of 2014.
o United to load schedule next week reflecting E175 deployment.
o MRJ order slipped slightly, now plan Q2 2018.
o On pilot hiring, SKW finding qualified applicants, attrition rate about 20-month, running below plan actually XJT attrition about 30 month. View annual pilot turn over of about 8-10% as normal.
o Believe Skywest family is an attractive place to work. Large diverse operation offering good opportunity
o Have pilot class pipeline lined up for next 6-7 months and "comfortable" with their position.
02-14-2014 | 03:02 PM
#5115
Gets Weekends Off
Joined: Aug 2005
Posts: 3,707
Likes: 0
sound like they are SKW trying to emulate AAG
02-14-2014 | 03:55 PM
#5116
Gets Weekends Off
Joined: Aug 2010
Posts: 202
Likes: 0
What I think is funny there was no info on the company website about the earnings call. In the past we've received an email about the call and info on how to listen to the call.
701EV
701EV
02-15-2014 | 08:40 AM
#5118
Banned
Joined: Dec 2007
Posts: 2,934
Likes: 0
From: EMB 145 CPT
Quote:
Originally Posted by MoarAlpha
What are the 4Q 2013 earnings report results?
Here ya go... SkyWest, Inc. Announces Fourth Quarter And Full-Year 2013 Results - Yahoo Finance
You can read just how tired SKW INC is of ExpressJet losing so much money. Things are about to go down.
Here are summary notes:
o ExpressJet entity continues to lose money and has been generating negative cash flow for the last 3-years. Losses were termed as "neighborhood of $50mil" for 2013.
o As ExpressJet entity was producing no returns for the group, and "they have got to eliminate the loss," and the BoD "is not very patient with this". As was laid out, there was no point in having scale if they could not generate positive returns and drag down the rest of the entity.
o Management laid out several part plan they continued to work on for XJT
1) Cost reductions with labor. Critical to have a "solid" collective bargaining agreements - something like OO has. Labor is by far the biggest cost piece of the CPA pie, especially in case of XJT where much of the fleet does not belong to the company but CPA partner instead, so labor becomes the primary area where company has wiggle room.
2) Process improvements, productivity enhancements, joint service and vendor contracts with OO to create better volume and value for the entire group. This area has seen material improvements and success.
3) Improve operational reliability, deliver product which customer expect. This both reduces overall cost but creates increases in base rate compensation and performance incentives. As part of this also open discussions with CPA partners about rate resets, though there is no guarantee how receptive they will be mid contract.
o Management said they knew the contract rates they inherited with XJT were low, but they expected to be able to leverage the strengths of the larger group to make them work, but at this time rates remain below cost instead.
o Without achieving successful outcome they said we could see "fairly significant reduction" in the "unproductive flying". This draw down could come in two ways, either outright elimination of aircraft in mid contract as some customers have been "very vocal about their desire to reduce 50-seaters", or just let go of aircraft as contracts run out over the short/medium term. Much of the E145 fleet has no ownership tail risk for the group.
Some other general tidbits:
o Company already planned to remove 66 50-seater as part of previously announced restructured contracts. 33 were parked already in 2013, 29 planned for removal in 2014, and 4 in 2015
o First E175 due March 24th. Enter service late May. Expect 21 on property by end of 2014.
o United to load schedule next week reflecting E175 deployment.
o MRJ order slipped slightly, now plan Q2 2018.
o On pilot hiring, SKW finding qualified applicants, attrition rate about 20-month, running below plan actually XJT attrition about 30 month. View annual pilot turn over of about 8-10% as normal.
o Believe Skywest family is an attractive place to work. Large diverse operation offering good opportunity
o Have pilot class pipeline lined up for next 6-7 months and "comfortable" with their position.
Originally Posted by MoarAlpha
What are the 4Q 2013 earnings report results?
Here ya go... SkyWest, Inc. Announces Fourth Quarter And Full-Year 2013 Results - Yahoo Finance
You can read just how tired SKW INC is of ExpressJet losing so much money. Things are about to go down.
Here are summary notes:
o ExpressJet entity continues to lose money and has been generating negative cash flow for the last 3-years. Losses were termed as "neighborhood of $50mil" for 2013.
o As ExpressJet entity was producing no returns for the group, and "they have got to eliminate the loss," and the BoD "is not very patient with this". As was laid out, there was no point in having scale if they could not generate positive returns and drag down the rest of the entity.
o Management laid out several part plan they continued to work on for XJT
1) Cost reductions with labor. Critical to have a "solid" collective bargaining agreements - something like OO has. Labor is by far the biggest cost piece of the CPA pie, especially in case of XJT where much of the fleet does not belong to the company but CPA partner instead, so labor becomes the primary area where company has wiggle room.
2) Process improvements, productivity enhancements, joint service and vendor contracts with OO to create better volume and value for the entire group. This area has seen material improvements and success.
3) Improve operational reliability, deliver product which customer expect. This both reduces overall cost but creates increases in base rate compensation and performance incentives. As part of this also open discussions with CPA partners about rate resets, though there is no guarantee how receptive they will be mid contract.
o Management said they knew the contract rates they inherited with XJT were low, but they expected to be able to leverage the strengths of the larger group to make them work, but at this time rates remain below cost instead.
o Without achieving successful outcome they said we could see "fairly significant reduction" in the "unproductive flying". This draw down could come in two ways, either outright elimination of aircraft in mid contract as some customers have been "very vocal about their desire to reduce 50-seaters", or just let go of aircraft as contracts run out over the short/medium term. Much of the E145 fleet has no ownership tail risk for the group.
Some other general tidbits:
o Company already planned to remove 66 50-seater as part of previously announced restructured contracts. 33 were parked already in 2013, 29 planned for removal in 2014, and 4 in 2015
o First E175 due March 24th. Enter service late May. Expect 21 on property by end of 2014.
o United to load schedule next week reflecting E175 deployment.
o MRJ order slipped slightly, now plan Q2 2018.
o On pilot hiring, SKW finding qualified applicants, attrition rate about 20-month, running below plan actually XJT attrition about 30 month. View annual pilot turn over of about 8-10% as normal.
o Believe Skywest family is an attractive place to work. Large diverse operation offering good opportunity
o Have pilot class pipeline lined up for next 6-7 months and "comfortable" with their position.
02-15-2014 | 05:53 PM
#5120
Gets Weekends Off
Joined: Dec 2007
Posts: 314
Likes: 0
Dear Lord.... it's not his summary.
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