Skywest Acquiring 21 CRJ-550s
#41
#42
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Joined APC: Sep 2015
Position: UNA
Posts: 4,456
#44
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Joined APC: Apr 2020
Posts: 220
And no I don’t think UA gives Mesa a shot at the 550 because they don’t have the liquidity to convert 700s to 550s. Read through the Mesa Q3 earnings report. Their credit lines are maxed out and they can’t even find a lender to give them a loan to finance the delivery of the 20 175’s they have planned for delivery.
Mesa 550’s is a non-starter.
- The Q3 earnings report was on Aug 10. (3m ago)
- In that same earnings report they talk about possible keeping their 700s and converting them if UA gives them the green light.
- Mesa was the only airline to record a profit every Q during covid.
- Its not that Mesa couldnt get a credit line to pay for the 175s. Its was the rates were jacked up bc airlines have become risky to loan money to
- We have 10 of those 20 175s already on property
- UA has fronted the money for the 175s and has a lease to own type of plan with Mesa. This prevents JO from having to pay those high interest rates.
- No where in the Q3 report does it say Mesa CANT get a loan.
- Mesa has taken $40M of the $200M they could have from the government airlines loan program
People at Mesa are used to people talking **** especially SW guys. But if your going to talk about another company dont spread lies. Nobody knows whats going to happen to the 700s at YV. And the biggest issue is getting that AA contract renewed in Jan. Not anything you said or believe.
#45
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Joined APC: Jun 2017
Posts: 964
not trying to flame, but how was the Q3 earnings report 2 months before the 3rd quarter ended?
#46
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Joined APC: Sep 2019
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Corporations don't always operate on the calendar as you understand it.
Non-Standard Quarters
For a variety of reasons, some public companies will use a non-standard or non-calendar quarterly reporting system. For example, Walmart's first quarter is February, March, and April; Apple Inc's Q1 is October, November, and December; Microsoft Corporation's Q1 is July, August, and September.
#47
Corporations don't always operate on the calendar as you understand it.
Non-Standard Quarters
For a variety of reasons, some public companies will use a non-standard or non-calendar quarterly reporting system. For example, Walmart's first quarter is February, March, and April; Apple Inc's Q1 is October, November, and December; Microsoft Corporation's Q1 is July, August, and September.Might be so as to avoid distracting finance and management people with year-end number crunching during seasons which were busy for the business. In our case I'm pretty they just didn't want that hanging over their heads during the holidays.
#48
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Joined APC: Sep 2019
Posts: 1,538
Yes. I worked for a large company that did this.
Might be so as to avoid distracting finance and management people with year-end number crunching during seasons which were busy for the business. In our case I'm pretty they just didn't want that hanging over their heads during the holidays.
Might be so as to avoid distracting finance and management people with year-end number crunching during seasons which were busy for the business. In our case I'm pretty they just didn't want that hanging over their heads during the holidays.
Sometimes it is as simple as when the company originally incorporated and began record keeping.
#49
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Joined APC: Oct 2014
Posts: 614
In the past during Skywest earnings calls, they do not mention specific companies. It has usually been “we will lease 5 CRJ900s to a 3rd party” or “we are leasing CRJ700s to a 3rd party.” They never specify. Don’t get too wrapped up in the fact that they didn’t disclose the 3rd party.
Also, SW is Southwest. OO is SkyWest. GoJet is G7.
Also, SW is Southwest. OO is SkyWest. GoJet is G7.
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