disillusioned

Also looks like the more senior people (west coast) are starting to bid over. This award didn't seem to go as junior as some of the other ones, but I haven't had a chance to run the numbers yet. And yes I know there were a couple 5/2011 hires that got an upgrade, but there seemed to be more senior people in this one compared to the last couple.

jar5086

It's not rocket science. Senior FO's are just waiting until they can hold a line before upgrading. Now that it is a reality, over they come upgrading into the junior domiciles. Our upgrade times stagnate. I think it will sit no lower than 4 years for quite some time. Not that 18-24 month BS timeframe they are feeding new hires right now.

Also, this is the slowest month of attrition I have seen in a while. 3 year FO here and I have been moving up on average between 30-40 numbers per month the last 6 months. This month...a measly 13 numbers. Attrition is slowing down for whatever reason.

ClickClickBoom

Voting or common stock? Way more here than meets the eye, hostile takeover insurance? Maximizing exec profits prior to a huge stock price killing announcement? Huge, makes the pilot pay package in process look like a fart in a phone booth....

ClickClickBoom

May 7, 1 week 13 numbers x 4 weeks= 51 departures average.

disillusioned

I agree. I was saying the same thing a month or so ago when everyone was looking at just the most junior upgrade without considering how many FO's they had above them that could upgrade at anytime. Saw the same thing with the Bro and felt bad that everyone was getting their hopes up. I will really feel bad for all those that took the first upgrade possible and will be on perma reserve. Nothing will kill the desire for this job faster that having CS jerk you around for 20 days out of the month.

We lost 49 pilots last month (April) and 34 of those were FO's. The reason you are probably not seeing as much is because a bulk of those are from training. This last week has been the slowest one I remember in awhile. Maybe that is the number TG is looking at when he thinks that our hiring will be able to keep up with attrition??

Crazy Canuck

Agreed. I think it'll go in waves. I would say 3-4 years for new hires based in current climate (no more growth or shrinking) but you just never know what's going to happen.

spaaks

definitely way more than meets the eye, but in my opinion, still is enough of a reason to vote no. If they're doing this now, what kind of games are they going to play with the numbers when it really comes time to write y'all your profit sharing checks? Which seems like the only real gain in this package from what i've heard

ClickClickBoom

Lesson,
SKYW will never agree to anything they will have to pay out....

rickair7777

Probably not...blatant insider trading, don't collect $200 go straight to jail.

SMACFUM

Dumb question, and I realize the much broader implications here BUT isn't the proposed profit sharing program based on SkyWest Airlines segment profit contribution only? (not XJET, or Inc.) In other words, wouldn't a stock-buyback program only effect Inc.'s bottom line (after SKW Airlines's segment profit has already been posted on the income statement?)

I think this is an important distinction, before everybody starts jumping off bridges here.