disillusioned

You are probably right, but the biggest thing is that people are FINALLY realizing that SGU doesn't really care about employees and is a business in business to make money. I am glad to see enough people remember the bait and switch with the EMB-120 from last pay package. At least, that is my hope.

ClickClickBoom

"SkyWest is authorized to repurchase shares at prevailing market prices in the open market, in privately negotiated transactions or by other means in accordance with federal securities laws, as deemed appropriate by SkyWest management."

NormalAbnormal

I'm pretty sure that a stock buyback program is a balance sheet and cash flow transaction and has nothing to do with the profit & loss sheet. That and dividends are two ways of returning excess cash to the shareholders. It is not an expense.

rickair7777

Execs benefiting from the long-term health/well-being of the company: legal.

Execs benefiting from short-term manipulations based on info not available to other shareholders: probably not legal.

Generally they can play games with the stock as long as all shareholders benefit/suffer equally.

NVUS

They are buying stock to pump up the stock price to make them either less desirable for another airline to try and buy them or if someone decides to pull the trigger at least the shareholders make a tidy sum off the sale. It's the same reason the cash on hand has gone down recently. You don't want to have a $5 a share stock price and $800M in the bank right now

rickair7777

Right, raises the barrier and makes one a less desirable target. That's legal and I'm all for it. As bad as everyone thinks SGU is at least they want to be running an airline, Far better than some outfit which specializes in buying companies, extracting cash, dismantling and selling the parts for scrap value.

Nevets

So every single pilot has signed this agreement? Yet SAPA negotiates changes to this agreement? Does every single pilot have to resign this new agreement? Look, this is the same conundrum that JetBlue pilots went through. Ultimately, they new they don't have a leg to stand on if management decided to reinterpret their agreement? And that's in light of that they actually did sign this agreement individually.

I've been in the room with JA and BR when they were trying to get what they wanted. And they were VERY CAREFUL on how they said certain things and what they said only because they were trying to control expectations. If you think they tell you something because it gives you more power, you are mistaken. The opposite is true.


True, after all, our CEO and all top level executives have their own employment contracts. And that's what we are talking here, employment contracts, not business contracts. Our own executives feel it's in their best interest to have their own employment contract yet want to deprive you of the same benefit. You guys need to wake up already.


That's the WHOLE point of collective bargaining! Sure, they would be HAPPY to deal with you in court on a one by one basis or even in a class of a few hundred people. They know they might lose some of these cases, like DD's but overall they know that's better than dealing with the whole pilot group as one. That's the reason why they try to convince you that you have a contract! I can believe that you don't understand this.


This is false. No one at a union airline songs any such thing. Even my previous non-union air carrier didn't require us to do this.


Sounds a lot like a company in st George, buying a company, extracting cash, dismantling and selling the parts for scraps. What? Doesn't fit the narrative of the benevolent management that is at George?

Nevets

You have still failed to answer the question. No one else here feels the need to hide what they do, dispatchers included. In fact, I get a lot more insight from dispatchers than from pilots. And that's because they have a different perspective than I do. So who do you work for and what do you do for them?

clearprop

Unless you have a relative working at the NSA, I doubt you will ever find out.

NVUS

So how did the vote go? Did the voting period end today?