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Old 06-20-2015, 07:46 AM
  #8561  
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Originally Posted by mjpilot View Post
Skywest reported 10 million net income from 100 million earnings (EBITDA) first quarter of 2015. That's 10%.

SkyWest, Inc.

I'm pretty sure that Skywest pilots stay consistently in better hotels, have higher pay rates (33% 2nd year), higher per diem, plus lots of soft pay ...


New pay package ratified and in effect 2/1/14, agreement for 1 year.
Block Hour Override eliminated, now paid specific rate for each aircraft type.
On CRJ fleet, all soft time (vacation, sick, deadhead, min day credit, training, etc) are paid at CBR (CRJ Base Rate, aka. CRJ 200)
Min. Daily Guarantee now: 4:00
Company will pay $70 toward each required medical.
Uniform allotment now $200/yr
Company retains right to raise 1st year F.O. pay to $24/hr at any time.
This page last updated: June 15, 2015 (Pilots, Pay Notes)

Another ridiculous thing is that Mesa now requires a new hire to purchase (not by choice anymore) their own iPad with mounts.That's about $600.00 initial expense to the pilot.There are around 1'200 pilots (?) on property now, so we are talking about $720'000.00 which Mesa should have paid for. And that's only the initial purchase price, and not upkeep to original specification.

Now you guys tell me HOW Skywest can have higher profit margins with higher operating costs, and Mesa can't with lower operating costs?
Originally Posted by mjpilot View Post
Bankruptcy is in the past. As an investor, you look into future developments. Mesa has changed tremendously within the last 2 years. Nearly every major airline went through similar tough changes and all have recovered, and Mesa is NO different.

We don't live in the past anymore, it's 2015 now. Skywest has trippled their revenue within a year, and I'm sure Mesa has done the same, probably much better with their lower operating cost.

SkyWest generated $100 million in EBITDA in Q1 2015, compared to $35 million in Q1 2014. Revenue included improvements of $21 million from higher flight completion rates and $33 million from the additional E175 operations, improved contract rates from renewals and extensions and improved contract performance incentives.



I ain't buying the Mesa poor argument any longer! And neither should you guys.
First off, Skywest has nicer hotels, better pay package, etc. because SGU gives it to them. Why? To keep a union off the property, plain and simple. They keep the pilots pacified with the latest and greatest benefits negotiated by others, and worse, when those other carriers suffer the fate of a CMR, ACA/Indy Air, etc SGU keeps the pilots where they roughly were, again to keep them happy. It also embolden them in to thinking that they're some sort of industry leader. SGU also does this knowing that there aren't any real repercussions if they violate a little here and there, no grievance process, etc.

Secondly, the difference between Mesa and the majors that went through BK is that Mesa is a Fee For Departure (FFD) carrier and doesn't actually fly it's own code, sell it's own tickets, etc. And unlike Skywest, Mesa doesn't have a lot of assets and their CPA's are much different than Skywest CPA's. The most recent Ejet announcement by UAL is a good indicator of this. Those numbers you sight are great, but you have to look past the numbers to see the truth. Skywest and Mesa are two different animals playing the same game.
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Old 06-20-2015, 07:48 AM
  #8562  
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So you're saying that MAG's financials as of today are still as bad as 3-6 years ago? Where and who are those creditors?

Unfortunately, clarity has stopped in 2008: Mesa Air Group - Financial Reports

I think we all agree that Mesa would not accept new flying at a loss. Growth results to higher earnings, as simple as that.
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Old 06-20-2015, 07:51 AM
  #8563  
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Originally Posted by mjpilot View Post
So you're saying that MAG's financials as of today are still as bad as 3-6 years ago? Where and who are those creditors?

Unfortunately,clarity has stoppedin 2008: Mesa Air Group - Financial Reports
No, Mesa is back in business and the goal is to grow but, this time, to the benefit of people with nice boats whose names we'll never know.
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Old 06-20-2015, 10:12 AM
  #8564  
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Just curious, how much is Mesa spending on remodeling the crystal palace? Would a truly poor company that isn't making much money put that kind of money into existing decent infrastructure that benefits a relatively small number of employees? How much are the top 5-10 making in salary + bonus? It's about choices.

Mesa could have put that money into more mechanics or parts to avoid this CRJ cancelation debacle we are facing, or could have paid more to recruit/retain flight attendants, which appear to be our biggest factors in cancelations. I would say pilots as well but we have been filling classes up until recently and haven't had too many cxlations due to pilots from what I understand. But it's coming.

If JO and crew were truly, selflessly trying to make Mesa a great company and make employees happy, they would be more transparent and not take home tons of money themselves (or show that they aren't, which I doubt) while other employees (skilled and educated people) make food stamp wages. Nor would they spend a lot of money redoing their corporate footprint, while we are flying the 200 every day, flying birds that don't have enough space for MEL stickers, single pack/no APU in the summer heat, etc.

The company has money. Where it is hidden and/or spent/committed to spending is the issue that we won't resolve in my opinion. What is JO's track record with hiding money in other companies, making money by charging Mesa dollars on the penny for parts and services, etc., to line his pockets further? Didn't he got caught doing that, not really get in trouble, and is still in the captain's chair for the company? Think he just changed the way he does business? That was before my time here so maybe I'm wrong with some of those accounts which were told to me.

Our fearless leader won't pay for KCM and still insists captains should make 50 seat pay as the standard base pay even though there are none in scheduled service. Our fleet has changed since that contract was written, so he just delays getting a contract so he doesn't have to change pay to fit the company's change. Ejet captains aren't even qualified to fly the 200 but still get paid that rate when not physically in a 76 seater. And what's the pay difference for 79/76 seaters...are you kidding me...for 3 seats? How many houses do we pay JO to own and maintain for him and his family though? But the company doesn't make much money? Because it is already spent (on things that don't benefit the whole company, but rather a select few).

His stance is there are 2 signatures on the contract when we signed up; we came voluntarily and we can leave at anytime. If there isn't a dire shortage right now, nothing will change. He won't pay pilots a penny more than is required to attract/retain enough pilots to not cancel flights. Any extra is just a waste of money.
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Old 06-20-2015, 11:26 AM
  #8565  
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No KCM that's dirty...
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Old 06-20-2015, 12:36 PM
  #8566  
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Originally Posted by unity2015 View Post
No KCM that's dirty...
Having to pay the 2 bucks a month for KCM never really bothered me. It's not like you need it to show up for work, if you don't want to spend the 2 bucks a month then don't get KCM. It's the same for the iPad, no one is forcing you to pay for an iPad if you don't want to. Save the money and use paper charts. These are indeed nice things but no one is being forced to pay for them and use them if they don't want to. Would it be nice to have these things paid for by the company? Absolutely, but I can understand why they don't.
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Old 06-20-2015, 12:39 PM
  #8567  
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Originally Posted by ScottyDo View Post
Having to pay the 2 bucks a month for KCM never really bothered me. It's not like you need it to show up for work, if you don't want to spend the 2 bucks a month then don't get KCM. It's the same for the iPad, no one is forcing you to pay for an iPad if you don't want to. Save the money and use paper charts. These are indeed nice things but no one is being forced to pay for them and use them if they don't want to. Would it be nice to have these things paid for by the company? Absolutely, but I can understand why they don't.
You are management's wet dream
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Old 06-20-2015, 12:44 PM
  #8568  
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Originally Posted by ScottyDo View Post
Having to pay the 2 bucks a month for KCM never really bothered me. It's not like you need it to show up for work, if you don't want to spend the 2 bucks a month then don't get KCM. It's the same for the iPad, no one is forcing you to pay for an iPad if you don't want to. Save the money and use paper charts. These are indeed nice things but no one is being forced to pay for them and use them if they don't want to. Would it be nice to have these things paid for by the company? Absolutely, but I can understand why they don't.
Wait, so at Mesa you can choose to use paper charts or buy an iPad?
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Old 06-20-2015, 01:33 PM
  #8569  
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Originally Posted by CBreezy View Post
Wait, so at Mesa you can choose to use paper charts or buy an iPad?

All new hires don't have that choice anymore ...
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Old 06-20-2015, 01:45 PM
  #8570  
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Originally Posted by mjpilot View Post
All new hires don't have that choice anymore ...
So ScottyDo was wrong in that you aren't being forced to buy an ipad.
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