Thanks for your contributions gents. Honestly I could care less what you vote. I would understand it if you vote yes. And I would understand if you vote no. In either case I am just curious as to how the outcome, one way or the other, will effect my company. SkyWest, Inc (Expressjet/ASA). I think you are very naive if you think this is going to catch SkyWest inc by surprise regardless of the outcome. Firm order for 200 airplanes. (100 firm, 100 option) right when our CPA is ending ...

For what it's worth; 2nd year pay on the -700 is $38 at SkyWest. Soft credit so you could easily credit 100 / month. Now, would you want to start over at year 1 bottom of the list anywhere ? Of course not... Which is why I sincerely hope it works out for you gents (and girls).

Stay safe. 303.

Which is why Delta forced Pinnacle into BK. by withholding monies owed.

With $600 mil+ cash in the bank it'll take DL quite a while to force Inc into bankruptcy, especially when Inc doesn't have money losing CPAs

It will be interesting to see the regionals do 50% of the flying statistic change in the coming years.

AMR had 4 bil+ cash in the bank, don't underestimate the power of creative accounting. My understanding is that SKW management is not as bad as AMR's but they are still business people. Not saying SKW is going bankrupt anytime soon but the money on hand is only such a small piece of the pie. I don't hope harm on SKW

And yes I do understand that there AMR was in a whole different situation but I am just making the point that money in the bank is not as big as you are making it seem.

So if voting for this new agreement closes on the 15th, when are the results going to be known?

Pinnacle also only has 1 source of income. Delta doesn't hold all the power when it comes to Skywest Inc. Being diversified along with a strong balance sheet makes this a whole different game for Xjet/Skyw.

Pinnacle had 3 sources of income (or lack there of) before filing BK. SKW is in a much better situation that Pinnacle and the other regionals but it is a safe bet to assume that Delta will look to get better cost out of SKW and in return management will look at labor.

You are correct, but those were money bleeding contracts that 9E needed to get out of ASAP. Once Delta began providing financing, it was game over. Skyw Inc. has been smart about its bidding over the years and isn't as exposed to the same volatility as 9E.

I completely agree that we are next on Delta's hit list, but they don't have a gun to our heads like 9E. A rate reset might be an option, but simply holding out on payments and forcing bankruptcy isn't a likely scenario.

Whether or not our company wants to play hardball with two stubborn negotiating committees (LXJT/LASA) and cry poor due to creative accounting is a different story. There is no safe regional, but there are certainly those that will be able to ride this out better than others.

I agree.....