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SkyWest acquires 25% of Contour ownership

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SkyWest acquires 25% of Contour ownership

Old 02-02-2024, 05:43 AM
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Default SkyWest acquires 25% of Contour ownership

While others are playing checkers, SkyWest is playing chess. Yet another smart move.....
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Old 02-02-2024, 08:15 AM
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Originally Posted by LizzyBorden View Post
While others are playing checkers, SkyWest is playing chess. Yet another smart move.....
Not a big fan of an airline spending the Airlines money outside of the operation.
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Old 02-02-2024, 10:55 AM
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Well said

Back to the lobby Lizzy


Originally Posted by LAXtoDEN View Post
And right below that announcement.
  • Net income decreased from $73 million in 2022 to $34 million in 2023
  • Total debt was $3.0 billion at December 31, 2023

Profiting 30 million a year with 3 billion in total debt, only 100 more years to break even! They’re 2,000 Captains short and they just acquired 25% of some low life dumpster fire operation with a couple dozen tired clapped out POS rj’s, and only 200 pilots total. Who the hell works for an outfit like Contour in this hiring environment? I’m sure it’s only the best and brightest pilots! SkyWest isn’t playing chess or checkers, they’re just playing desperate.

They’re not in huge trouble like Mesa who should have liquidated already, but the regional airline model doesn’t work longterm. The 4 legacy carriers with regional feed have started to restructure their own models that will not include regional airlines being anything but an afterthought. None of them seem to care about the regional feed shrinking organically as long as it’s slow and steady to not disrupt the mainline operation.

Don’t worry the ULCC model has ran its course and proven to not be a successful longterm model either. Plenty of jobs will be available at mainline. Not for you though, fortunately you’ve been deemed “unhireable”. Walmart will always need greeters though!
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Old 02-02-2024, 11:34 AM
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Yet stocks up $4+ a share and a new target of $70 a share. Maybe the 800+ mill cash in the bank is helping…
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Old 02-02-2024, 12:28 PM
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Seems to make "cents". Contour has been winning EAS awards at OO's expense. As well...SWC's EAS ambitions have been setback by ALPA (not that SWC has been performing poorly by any means).

Seems like an organice path. If you can't beat 'em, Join 'em.

One question: Is this the last of OO's investment in Contour?
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Old 02-02-2024, 01:13 PM
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Originally Posted by LAXtoDEN View Post
And right below that announcement.
  • Net income decreased from $73 million in 2022 to $34 million in 2023
  • Total debt was $3.0 billion at December 31, 2023

Profiting 30 million a year with 3 billion in total debt, only 100 more years to break even! They’re 2,000 Captains short and they just acquired 25% of some low life dumpster fire operation with a couple dozen tired clapped out POS rj’s, and only 200 pilots total. Who the hell works for an outfit like Contour in this hiring environment? I’m sure it’s only the best and brightest pilots! SkyWest isn’t playing chess or checkers, they’re just playing desperate.

They’re not in huge trouble like Mesa who should have liquidated already, but the regional airline model doesn’t work longterm. The 4 legacy carriers with regional feed have started to restructure their own models that will not include regional airlines being anything but an afterthought. None of them seem to care about the regional feed shrinking organically as long as it’s slow and steady to not disrupt the mainline operation.

Don’t worry the ULCC model has ran its course and proven to not be a successful longterm model either. Plenty of jobs will be available at mainline. Not for you though, fortunately you’ve been deemed “unhireable”. Walmart will always need greeters though!
Net income is the bottom line.
34 million net income which included paying down the debt by 12% - 3.4 paid down to 3.0 in 2023.
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Old 02-04-2024, 09:24 PM
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Originally Posted by amcnd View Post
Yet stocks up $4+ a share and a new target of $70 a share. Maybe the 800+ mill cash in the bank is helping…
great for investors and shareholders. They are hoping OO continues to squeeze every ounce of blood out of the workers to maximize the dwindling profit until the regional model finally dies. Enron was on a tear right up until its collapse also. I'd be worried. I thought regionals had about 5 years left. Now, I'm not so sure. The major airlines who decide their fate seemed to have decided an earlier termination status than was thought. Update those apps.
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Old 02-05-2024, 05:14 AM
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Originally Posted by domino View Post
great for investors and shareholders. They are hoping OO continues to squeeze every ounce of blood out of the workers to maximize the dwindling profit until the regional model finally dies. Enron was on a tear right up until its collapse also. I'd be worried. I thought regionals had about 5 years left. Now, I'm not so sure. The major airlines who decide their fate seemed to have decided an earlier termination status than was thought. Update those apps.
Regionals are not going anywhere. You on the otherhand, the clock is ticking before you are twirling signs for some crooked tax prep outfit in Fresno.
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Old 02-05-2024, 06:17 AM
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Originally Posted by LAXtoDEN View Post
And right below that announcement.
  • Net income decreased from $73 million in 2022 to $34 million in 2023
  • Total debt was $3.0 billion at December 31, 2023

Profiting 30 million a year with 3 billion in total debt, only 100 more years to break even! They’re 2,000 Captains short and they just acquired 25% of some low life dumpster fire operation with a couple dozen tired clapped out POS rj’s, and only 200 pilots total. Who the hell works for an outfit like Contour in this hiring environment? I’m sure it’s only the best and brightest pilots! SkyWest isn’t playing chess or checkers, they’re just playing desperate.

They’re not in huge trouble like Mesa who should have liquidated already, but the regional airline model doesn’t work longterm. The 4 legacy carriers with regional feed have started to restructure their own models that will not include regional airlines being anything but an afterthought. None of them seem to care about the regional feed shrinking organically as long as it’s slow and steady to not disrupt the mainline operation.

Don’t worry the ULCC model has ran its course and proven to not be a successful longterm model either. Plenty of jobs will be available at mainline. Not for you though, fortunately you’ve been deemed “unhireable”. Walmart will always need greeters though!
Tell me you don't know what is going on without telling me you don't know what is going on.

Mainline needs me more than I need mainline. Oh also, nice work crying to the mods.
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Old 02-08-2024, 05:16 PM
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Default Contour-SkyWest-United Pathway

What do you all think about this?
I just interviewed to be an FO at Contour with 1440 total time, 18 multi, and working as a CFII. Given how slow 121 regionals have been to respond or offer interviews, I was tempted, but the penalties are stiff. Is it a pilot pathway or indentured servitude? I have not read the contract; I am going off of what I was told.

Pilot Pathway to Skywest and United:
Upgrade to Captain once reached ATP mins and 500 in type, assuming systems/managerial knowledge sufficient and one winter season completed: $20,000 bonus
1000 hours PIC at Contour=flow to SKYwest with up to 2 years' seniority as DEC. After IOE at SKW-$20,000 bonus.
400 hours in at SKW: guaranteed interview with United (or Delta or Alaska).
After 1600 PIC at SKW: Can flow to United/etc.

Penalties for voluntary separation or termination:
$40,000 if you leave before upgrade at Contour
$60,000 if you leave after upgrade at Contour
$75,000 if you leave SKW after starting at SKW (nothing owed to Contour after leaving to SKW)

Skywest, but would much rather get hired as an FO directly without a contract like this. It seems unfathomable to agree to a contract that holds even to your next carrier. Is anyone getting hired as an FO at the regionals right now with 1500 hours?
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