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Old 10-18-2017, 06:20 PM
  #71  
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Default Horizon is very considerate

It seems Horizon has done much to improve T&C's, along with new F/O's able to collect food stamps, they are considerate to find hotels
close to plasma donor centers...Wonderful forethought.

Safe travels...Sushi
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Old 10-18-2017, 06:56 PM
  #72  
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Originally Posted by Jonneaux View Post
Anyone participating in this conversation should know what it is.

Pilot profit sharing. Semiannual payouts representing a guaranteed percentage of a guaranteed minimum profit. Actual payouts have far exceeded the minimum guarantee. In effect, an increase in your hourly rate which this past payout amounted to about $8.80/hr for Captains.
So hypothetically, if Skywest lost 10 million for a given year, how would that payout work?
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Old 10-18-2017, 06:59 PM
  #73  
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Originally Posted by cornbeef007 View Post
So hypothetically, if Skywest lost 10 million for a given year, how would that payout work?
Havent you heard? Skywest is gods gift to aviation and will never lose money.
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Old 10-18-2017, 07:30 PM
  #74  
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Originally Posted by cornbeef007 View Post
So hypothetically, if Skywest lost 10 million for a given year, how would that payout work?
There is a guaranteed minimum regardless of whether the company makes money. We are a long way from losing money. Quite the contrary, we are doing quite well.
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Old 10-18-2017, 07:31 PM
  #75  
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Originally Posted by ASpilot2be View Post
Havent you heard? Skywest is gods gift to aviation and will never lose money.
SkyWest lost $161 million in 2016 and is till eating QX for lunch.
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Old 10-18-2017, 07:34 PM
  #76  
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Originally Posted by ASpilot2be View Post
Havent you heard? Skywest is gods gift to aviation and will never lose money.
With a C****

Last edited by UAL T38 Phlyer; 10-20-2017 at 02:37 PM. Reason: TOU
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Old 10-18-2017, 07:37 PM
  #77  
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Originally Posted by Ispeakjive View Post
SkyWest lost $161 million in 2016 and is till eating QX for lunch.
All of that and more was from the Expressjet side. Our bonuses are separate from them, based on SkyWest Airlines performance, not SkyWest Inc.
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Old 10-18-2017, 08:00 PM
  #78  
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Originally Posted by Jonneaux View Post
There is a guaranteed minimum regardless of whether the company makes money. We are a long way from losing money. Quite the contrary, we are doing quite well.
OK, again...a 10 or 100 million loss, what would the guaranteed payout be?
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Old 10-18-2017, 08:59 PM
  #79  
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Originally Posted by cornbeef007 View Post
OK, again...a 10 or 100 million loss, what would the guaranteed payout be?
$11.7 million for 2017 increasing about 3.8% per year through 2019.

9% of $130 million ‘17, $135 million ‘18, $140 million ‘19-22.

Actual payout exceeded that by about 50%.
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Old 10-18-2017, 09:12 PM
  #80  
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Originally Posted by cornbeef007 View Post
OK, again...a 10 or 100 million loss, what would the guaranteed payout be?
The payout is being somewhere with a solid reputation that will contribute to your transition to a major. Interviewer: "I see you were at SkyWest. We like the pilots that come through their training program".
Vs. "Oooh I see... why Horizon (or Mesa) etc..."
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