What's the Latest at ASA/Expressjet?
#5941
Yes because that'll probably be the only way to stop them from coming back again for more concessions. It gets rid of the intra-corporation whipsaw. There is no point in agreeing in concessions if you leave the mechanism for them to be able to ask for more concessions again. This isn't rocket science.
It's really not rocket science...
#5942
Banned
Joined: Dec 2007
Posts: 2,934
Likes: 0
From: EMB 145 CPT
Quote:
Originally Posted by Nevets
Yes because that'll probably be the only way to stop them from coming back again for more concessions. It gets rid of the intra-corporation whipsaw. There is no point in agreeing in concessions if you leave the mechanism for them to be able to ask for more concessions again. This isn't rocket science.
Yeah because it worked so well for Mesa, EGL, RAH, and PNCL with their single lists....No concessions there...
It's really not rocket science...
Originally Posted by Nevets
Yes because that'll probably be the only way to stop them from coming back again for more concessions. It gets rid of the intra-corporation whipsaw. There is no point in agreeing in concessions if you leave the mechanism for them to be able to ask for more concessions again. This isn't rocket science.
Yeah because it worked so well for Mesa, EGL, RAH, and PNCL with their single lists....No concessions there...
It's really not rocket science...
#5944
I think this is why people at OO think negatively of you guys. Nobody is wishing harm upon you, nobody is blaming you for anything. But the facts are the facts. You guys are not making money. There is no way United is going to make changes to the CPA. United wants to get rid of 50 seaters. It's business. If your business is losing money, you don't throw more money at it just to make the pilots happy in a feel good moment. You have to make tough choices to help reduce the loss and right the ship. Nobody is hoping you guys are all out of a job, nobody is hoping that you guys get stapled to the bottom of our seniority list. But we can no longer tolerate the excessive losses that are attributed to the L-XJ side of the operation. There are no good solutions or no answers that will make everyone happy, but the losses can't be sustained.
#5945
Gets Weekends Off
Joined: Jul 2013
Posts: 611
Likes: 0
We are all well aware that the 50 seat airplane is being reduced. Although United doesn't seem to be in a rush to get rid of them. You fail to see that you also have 50 seat airplanes. You also fail to see that when one airline owned by Inc loses money, it also affects you. You are not immune to the negative effects of poor business management. No matter how much you'd like to think so bc your airline's name shares the name of the holding company that owns you. If I were you, I'd be directing your concerns towards your management. Which is different from ours and Inc. You are also just a piece of the pie that is viewed only as dollar signs. Not equals, as you may think. This could have a negative impact on that side of the operation as well. Inc issues one single financIal report, not separate. So if Inc looses money, everyone should be concerned. As others said too, there are no publicly and legal numbers published numbers for the separate sides. So no one really knows for sure what is going on. Let's not forget the wipsaw game that has been and continues to be played as is evident currently.
#5946
Gets Weekends Off
Joined: Sep 2007
Posts: 420
Likes: 0
Anyone that can read a 10K filing can see exactly what's going on. XJT lost $50M last year, while SkyWest made $130M. SkyWest is ADDING to its 50-seaters because they turn a sizeable profit on them. Went from 154 in March to 160 currently (and counting). The only effect XJT has on the SKW side is pay. Hard for the company to shell out some raises for the side turning record profits when those profits are needed to cover the losses on the other side plus having enough left over to keep the investors happy.
Or someone on here can just cut and paste for this "poor silly soul".
#5947
Gets Weekends Off
Joined: Jul 2012
Posts: 503
Likes: 0
I had the United Airlines ALPA MEC in my jumpseat a few weeks ago and he told me that SkyWest Inc. currently operates about 400 fifty seat jets for United and they want to cut that number down to 128 in the next few years. They want to accelerate the rate at which these airplanes are originally going to go out of contract.
#5948
Gets Weekends Off
Joined: Jul 2013
Posts: 611
Likes: 0
Obviously, you have never read a 10K filing before from a company that knows how to cook the books. Well, now you did! You need to break it down way more then just the black and white so one day when you would like a lesson on finance and how to make uncle Sam eat my business expenses shot me a PM i'll be happy to school you.
Or someone on here can just cut and paste for this "poor silly soul".
Or someone on here can just cut and paste for this "poor silly soul".
#5949
Gets Weekends Off
Joined: Aug 2005
Posts: 3,707
Likes: 0
I would like to see the (loss) (1) note.
But as a wholly owned, SKW INC can have internal charges between SKW and EJT that drive the profit/loss from one to the other. It is an accounting trick. Since EJT is privately held (I believe within SKW INC.) The IRS does not care who loses or is profitable as long as the numbers jive at the end and the IRS gets it share.
At eagle we pay 13 dollars per passenger to AA for the Eagle logo because it is a trademark owned by AA, we also pay a higher fee to sabre than aa does, why because AA says so since we are owned by them and are privately held. The real numbers of eagle only a very few know, they are kept secret and have never been made public other than a cheap power point with a disclaimer that financial may be wrong and that aa should not be held accountable for the errors. Eagle has NEVER had a financial audit just as EJT will never have one as part of SKW INC. It is called money laundering within a corporation.
But as a wholly owned, SKW INC can have internal charges between SKW and EJT that drive the profit/loss from one to the other. It is an accounting trick. Since EJT is privately held (I believe within SKW INC.) The IRS does not care who loses or is profitable as long as the numbers jive at the end and the IRS gets it share.
At eagle we pay 13 dollars per passenger to AA for the Eagle logo because it is a trademark owned by AA, we also pay a higher fee to sabre than aa does, why because AA says so since we are owned by them and are privately held. The real numbers of eagle only a very few know, they are kept secret and have never been made public other than a cheap power point with a disclaimer that financial may be wrong and that aa should not be held accountable for the errors. Eagle has NEVER had a financial audit just as EJT will never have one as part of SKW INC. It is called money laundering within a corporation.
#5950
Anyone that can read a 10K filing can see exactly what's going on. XJT lost $50M last year, while SkyWest made $130M. SkyWest is ADDING to its 50-seaters because they turn a sizeable profit on them. Went from 154 in March to 160 currently (and counting). The only effect XJT has on the SKW side is pay. Hard for the company to shell out some raises for the side turning record profits when those profits are needed to cover the losses on the other side plus having enough left over to keep the investors happy.
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