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01-20-2017, 11:49 AM

#131

No Lies

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Joined APC: Oct 2016

Posts: 336

Quote:

Originally Posted by RemoveB4Flight

Are their financial futures not dependent on each other? Even without combined fleet, seniority list, contract, does the financial failure of one affect the other? I thought they were separate parts of the same company.

Not anymore than Skywest and ExpressJet and ASA. Looks like Inc is making money.

01-20-2017, 06:28 PM

#132

Arliss

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Quote:

Originally Posted by MoarAlpha

Is there a bonus being issued Feb 1st for contract signing?

What contract?

01-20-2017, 06:40 PM

#133

wmupilot85

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Position: Reclined seat

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Quote:

Originally Posted by Arliss

What contract?

For the contract extension. $1000 minimum profit sharing paid sometime in Feb. I'm hearing the 10th or the 24th, probably going to be on the off pay week.

01-20-2017, 07:33 PM

#134

BeechedJet

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No matter what happens or where the profit is made, Inc. plays with their books and always shows any loss on the XJT side. Aaaaand no one ever gives a shiit.

01-20-2017, 07:38 PM

#135

RemoveB4Flight

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Posts: 443

Quote:

Originally Posted by No Lies

Not anymore than Skywest and ExpressJet and ASA. Looks like Inc is making money.

They aren't making money off xjt/asa. They are only making money on the Skywest.

01-20-2017, 07:48 PM

#136

WesternSkies

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Position: Downward Dog

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Quote:

Originally Posted by BeechedJet

No matter what happens or where the profit is made, Inc. plays with their books and always shows any loss on the XJT side. Aaaaand no one ever gives a shiit.

How do they do that?

01-20-2017, 08:01 PM

#137

jacburn

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Posts: 511

Quote:

Originally Posted by WesternSkies

How do they do that?

Simple. You charge XJT for things like an IT dept, benefits dept, Maintenance fees. You get XJT to pay for hotel rooms and then when they get cancelled, Skywest gets the refund money into the Inc account. Ask any accountant how well the books can show something that is not true.

01-20-2017, 08:04 PM

#138

jacburn

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Posts: 511

Quote:

Originally Posted by RemoveB4Flight

They aren't making money off xjt/asa. They are only making money on the Skywest.

Skywest is in complete control of the contracts with the majors. They can move the money making contracts any where they want to put them. Skywest was also behind the XJT money losing contracts.

01-20-2017, 08:12 PM

#139

Jvw700

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Posts: 584

Quote:

Originally Posted by jacburn

Skywest is in complete control of the contracts with the majors. They can move the money making contracts any where they want to put them. Skywest was also behind the XJT money losing contracts.

You guys have special access to Skywest INCs "books"? Kinda funny reading ya'lls posts and how much you think you know. One thing is for certain though, Skywest should have never acquired express jet!

01-20-2017, 08:23 PM

#140

gojo

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Posts: 2,648

Quote:

Originally Posted by Jvw700

Man, talk about a coolaid drinker. Skywest has been brilliant with the non union side. Are you saying they're not smart enough to make Express Jet profitable? They're doing exactly what they want with Express Jet.