Why??? 1X
06-11-2007, 09:33 PM
#124
Gets Weekends Off
Thread Starter
Joined APC: Mar 2007
Position: E145 Right Side
Posts: 209
Well I was being Defensive because People were insulting me Suggesting I get a refund for my degree and so forth. I'm not a dummy by no means and Don't appreciate people insulting my intelligence. I'm relatively new to the Business. I haven't been here long. Just because you've been flyin for 5-20years dosen't mean you're the smartest guy in the world. I may have said some things in the post that I shouldn't have but by all means, I'm no dummy
06-11-2007, 09:34 PM
#126
Organizational Learning
Joined APC: Nov 2005
Position: Directly behind the combiner
Posts: 4,948
Tony U have a Point to prove don't you. I'm paying 60K for ATP..... It Is A B.S. degree.... And I'm not here for a Spelling Contest or A Grammar contest... This isn't formal Ya'll need to calm down a bit.
[IMG]http://i56.photobucket.com/albums/g166/keiundraj/DSC00183-2.jpg[/IMG]
[Image link disabled to protect the poster, at his/her request.]
[IMG]http://i56.photobucket.com/albums/g166/keiundraj/DSC00183-2.jpg[/IMG]
[Image link disabled to protect the poster, at his/her request.]
OK, do you even understand what B.S. stands for? It's Bachelor of Science. Do you understand that a College of Business does not confer Science degrees? Your Commercial Aviation program was offered by the College of Business.
.
Last edited by TonyC; 06-11-2007 at 10:26 PM.
06-11-2007, 09:36 PM
#128
Gets Off
Joined APC: Jan 2007
Position: Nordskog Industries Field Technician
Posts: 688
St. George, Utah—SkyWest, Inc. (“SkyWest”) (NASDAQ: SKYW) today reported operating revenues of
$789.0 million for the quarter ended March 31, 2007, a 6.2% increase, compared to $742.9 million for the
same period last year. SkyWest also reported net income of $34.8 million for the quarter ended March
31, 2007, an increase of 0.6%, or $0.53 per diluted share compared to $34.6 million of net income or
$0.57 per diluted share, for the same period last year. These results include the effect of SkyWest’s
adoption of FASB Statement No. 123(R), Share-Based Payments (“SFAS 123(R)”), effective January 1,
2006.
The significant items affecting SkyWest’s financial performance during the first quarter of 2007 are
outlined below:
Total operating revenues for the first quarter of 2007 increased primarily as a result of a 12.6% increase in
available seat miles (ASMs) which was offset by a reduction in yield per revenue passenger mile of 3.5%
and by a reduction in fuel cost reimbursements by SkyWest’s major partners that are recorded as
operating revenues under contract flying arrangements.
Total operating expenses and interest per ASM for the first quarter of 2007, excluding fuel charges, of
$218.1 million or $0.041 per ASM, increased approximately 1.0% to $0.099 from $0.098 for the same
quarter of 2006.
Total ASMs for the first quarter of 2007 increased 12.6% from the first quarter of 2006, primarily as a
result of SkyWest increasing its fleet size to 425 aircraft as of March 31, 2007, from 395 aircraft as of
March 31, 2006. During the quarter, SkyWest took delivery of 6 new CRJ900 regional jet aircraft and
acquired 10 CRJ700 regional jet aircraft from another operator. At March 31, 2007, SkyWest’s fleet
consisted of 352 regional jets (231 Delta, 117 United and 4 Midwest), 61 EMB-120 aircraft (48 United
and 13 Delta) and 12 ATR-72 aircraft (all Delta). During the first quarter of 2007, SkyWest generated
5.29 billion ASMs, compared to 4.70 billion ASMs during the same period of 2006.
During the quarter ended March 31, 2007, the controllable completion rates for SkyWest Airlines and
Atlantic Southeast Airlines (“ASA”) were 99.1% and 97.9% respectively. However, SkyWest Airlines’
operational on-time and baggage delivery performance was lower than expected performance for
achieving incentive payments. As a result, SkyWest was unable to collect approximately $3.9 million
(pretax) from its major partners for incentives under its capacity purchase agreements.
$789.0 million for the quarter ended March 31, 2007, a 6.2% increase, compared to $742.9 million for the
same period last year. SkyWest also reported net income of $34.8 million for the quarter ended March
31, 2007, an increase of 0.6%, or $0.53 per diluted share compared to $34.6 million of net income or
$0.57 per diluted share, for the same period last year. These results include the effect of SkyWest’s
adoption of FASB Statement No. 123(R), Share-Based Payments (“SFAS 123(R)”), effective January 1,
2006.
The significant items affecting SkyWest’s financial performance during the first quarter of 2007 are
outlined below:
Total operating revenues for the first quarter of 2007 increased primarily as a result of a 12.6% increase in
available seat miles (ASMs) which was offset by a reduction in yield per revenue passenger mile of 3.5%
and by a reduction in fuel cost reimbursements by SkyWest’s major partners that are recorded as
operating revenues under contract flying arrangements.
Total operating expenses and interest per ASM for the first quarter of 2007, excluding fuel charges, of
$218.1 million or $0.041 per ASM, increased approximately 1.0% to $0.099 from $0.098 for the same
quarter of 2006.
Total ASMs for the first quarter of 2007 increased 12.6% from the first quarter of 2006, primarily as a
result of SkyWest increasing its fleet size to 425 aircraft as of March 31, 2007, from 395 aircraft as of
March 31, 2006. During the quarter, SkyWest took delivery of 6 new CRJ900 regional jet aircraft and
acquired 10 CRJ700 regional jet aircraft from another operator. At March 31, 2007, SkyWest’s fleet
consisted of 352 regional jets (231 Delta, 117 United and 4 Midwest), 61 EMB-120 aircraft (48 United
and 13 Delta) and 12 ATR-72 aircraft (all Delta). During the first quarter of 2007, SkyWest generated
5.29 billion ASMs, compared to 4.70 billion ASMs during the same period of 2006.
During the quarter ended March 31, 2007, the controllable completion rates for SkyWest Airlines and
Atlantic Southeast Airlines (“ASA”) were 99.1% and 97.9% respectively. However, SkyWest Airlines’
operational on-time and baggage delivery performance was lower than expected performance for
achieving incentive payments. As a result, SkyWest was unable to collect approximately $3.9 million
(pretax) from its major partners for incentives under its capacity purchase agreements.
Let's put this into perspective.
One reason regional airlines make money is their focus on connecting major cities, like Chicago, with numerous smaller locales like Cedar Rapids, Iowa, Ft. Wayne, Ind., and Springfield, Ill. While LCCs link large markets, like Chicago to Detroit, Houston, or Los Angeles, using 120-seat passenger jets like a Boeing 737 or an Airbus 319, the smaller markets are better suited to the 30, 50 or 70 seat airplanes flown by the regionals.
With LCCs avoiding smaller cities for the most part (at least so far), the regionals are often able to command a premium over air fares typically offered between two large cities.
Lower labor costs are another reason why regional carriers are profitable. Many regionals are relative newcomers to the airline industry and are often not unionized. SkyWest began operations in 1972; Chautauqua in 1974. Salaries, wages and benefits for the average SkyWest employee are less than $31,000 annually. At ExpressJet average employee compensation is $47,000. This compares with $79,000 for Southwest employees and $96,000 at Northwest. In many cases legacy airlines dodge wage and union issues by offloading their less lucrative routes to regional airlines.
Perhaps the biggest reason the regionals are so healthy is that they have a guaranteed revenue stream and are able to utilize the reservations systems, ground facilities, gates and other assets provided by their larger partners without major investment.
For example, Mesa and Air Midwest fly under the name of America West Express. America West pays those airlines a fixed monthly stipend plus additional funds based on the number of flights flown and hours of operation, as well as a percentage of the revenue from the flights they operate under their code-share agreement.
Airline GroupOperating asNet Income
Jan-Sep 2005
(x 1,000,000)
Net Income
2004
(x1,000,000)
Air Midwest Airlines
Freedom Airlines
Mesa Airlines
Freedom Airlines
Mesa Airlines
America West Express
Delta Connection
United Express
US Airways Express
$57$26
Atlantic Southeast
Airlines
SkyWest Airlines
Airlines
SkyWest Airlines
Delta Connection
United Express
$135*$82
Big Sky Airlines
Mesaba
Mesaba
Northwest Airlink
(-$24)***$7**
ExpressJet Airlines
Continental Express$73$123
Chautauqua Airlines Republic Airlines
AmericanConnection
Delta Connection
United Express
US Airways Express
$42$45Pinnacle AirlinesNorthwest Airlink$16$41
*Includes Atlantic Southeast Airlines beginning September 7, 2005
**for fiscal year ending March 31, 2005
***for six months ending September 30, 2005
**for fiscal year ending March 31, 2005
***for six months ending September 30, 2005
America West also reimburses these feeder carriers for fuel costs, aircraft ownership and financing costs, landing fees, passenger liability and aircraft insurance costs, and aircraft property taxes. America West provides ground handling, customer service functions and airport-related facilities and gates to these airlines at America West's hubs and other cities. What a sweet deal! It's no wonder regional airlines are so profitable.
There, I did some research for you. No mention of RJs being a profitable airplane, just a lot of compensation from mainline partners that ,in turn, sweetens the balance sheet.
Now what did you want to know about scope? Seriously, I want to know what your question is.
06-11-2007, 09:38 PM
#129
Gets Weekends Off
Thread Starter
Joined APC: Mar 2007
Position: E145 Right Side
Posts: 209
Ok tony U win.... My skin is thick... I was laughing at it the whole time. It's just when people began to consider me a idiot when i began to get defensive. I'll be there one day I'm learning all I can now. It never hurts to learn. I've just learned tonight that some pilots are Aholes.
06-11-2007, 09:39 PM
#130
Gets Weekends Off
Joined APC: May 2007
Position: A320 CA
Posts: 1,531
"College of _______" is just a leadership and funding structure in a university. My department changed colleges while I was at school. You can get B.S. degrees in Business by the way.
